Brokerages Expect Himax (HIMX) to Post $0.01 EPS

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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.

HIMX has been the topic of a number of research reports. Northland Securities reaffirmed a “buy” rating on shares of Himax in a research note on Friday, March 2nd. BidaskClub downgraded Himax from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 22nd. ValuEngine downgraded Himax from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Roth Capital reiterated a “neutral” rating on shares of Himax in a report on Thursday, March 15th. Finally, Nomura cut Himax from a “buy” rating to a “hold” rating and dropped their target price for the stock from $10.00 to $8.00 in a report on Friday, March 9th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $10.79.

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.

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