Wall Street brokerages expect Himax (NASDAQ:HIMX) to post $0.01 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have issued estimates for Himax’s earnings, with the lowest EPS estimate coming in at $0.00 and the highest estimate coming in at $0.01. The business is expected to issue its next earnings results on Thursday, August 2nd.
According to Zacks, analysts expect that Himax will report full year earnings of $0.06 per share for the current fiscal year, with EPS estimates ranging from $0.03 to $0.10. For the next financial year, analysts forecast that the business will report earnings of $0.24 per share, with EPS estimates ranging from $0.09 to $0.60. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Himax.
Himax (NASDAQ:HIMX) last released its quarterly earnings data on Thursday, May 10th. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.01. Himax had a return on equity of 5.53% and a net margin of 3.43%. The business had revenue of $162.85 million for the quarter, compared to the consensus estimate of $160.67 million. During the same quarter in the previous year, the company posted $0.01 EPS. The company’s revenue was up 4.9% compared to the same quarter last year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. QVT Financial LP purchased a new position in Himax during the 4th quarter valued at $5,038,000. California Public Employees Retirement System boosted its holdings in Himax by 7.0% during the 4th quarter. California Public Employees Retirement System now owns 549,887 shares of the semiconductor company’s stock valued at $5,730,000 after acquiring an additional 35,787 shares during the period. Stevens Capital Management LP purchased a new position in Himax during the 1st quarter valued at $203,000. OppenheimerFunds Inc. boosted its holdings in Himax by 41.2% during the 4th quarter. OppenheimerFunds Inc. now owns 870,809 shares of the semiconductor company’s stock valued at $9,073,000 after acquiring an additional 254,158 shares during the period. Finally, Aperio Group LLC purchased a new position in Himax during the 4th quarter valued at $107,000. Institutional investors own 24.02% of the company’s stock.
NASDAQ:HIMX traded up $0.02 during trading hours on Friday, reaching $7.68. The stock had a trading volume of 1,809,740 shares, compared to its average volume of 2,623,633. Himax has a 52 week low of $5.97 and a 52 week high of $13.95. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 48.00 and a beta of 0.30.
The business also recently announced an annual dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Thursday, July 19th will be issued a $0.09 dividend. This represents a dividend yield of 1.17%. The ex-dividend date is Wednesday, July 18th. Himax’s dividend payout ratio (DPR) is 143.75%.
Himax Company Profile
Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies worldwide. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers used in televisions (TVs), laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and other consumer electronics devices.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Himax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Himax and related companies with MarketBeat.com's FREE daily email newsletter.