United Microelectronics (UMC) Expected to Announce Quarterly Earnings on Wednesday

United Microelectronics (NYSE:UMC) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.15 per share and revenue of $1,871,370.00 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

United Microelectronics (NYSE:UMC) last released its quarterly earnings data on Tuesday, January 21st. The semiconductor company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.30 earnings per share. On average, analysts expect United Microelectronics to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

United Microelectronics Price Performance

UMC stock opened at $5.69 on Tuesday. United Microelectronics has a 52-week low of $5.63 and a 52-week high of $9.00. The company has a quick ratio of 1.76, a current ratio of 2.19 and a debt-to-equity ratio of 0.16. The stock has a market cap of $14.25 billion, a price-to-earnings ratio of 9.80, a price-to-earnings-growth ratio of 3.88 and a beta of 1.17. The business has a fifty day moving average of $6.52 and a two-hundred day moving average of $7.53.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. The Goldman Sachs Group downgraded United Microelectronics from a “buy” rating to a “neutral” rating and set a $7.40 price objective for the company. in a research report on Thursday, October 17th. StockNews.com cut shares of United Microelectronics from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Citigroup lowered shares of United Microelectronics from a “buy” rating to a “sell” rating in a report on Tuesday, January 21st. Morgan Stanley downgraded shares of United Microelectronics from an “overweight” rating to an “equal weight” rating in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. cut United Microelectronics from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $7.40.

About United Microelectronics

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers.