GlobalFoundries (GFS) Projected to Post Earnings on Tuesday

GlobalFoundries (NASDAQ:GFS) is expected to be posting its quarterly earnings results before the market opens on Tuesday, February 11th. Analysts expect GlobalFoundries to post earnings of $0.45 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.08. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.73 billion. GlobalFoundries had a return on equity of 6.87% and a net margin of 10.95%. The firm’s revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 earnings per share. On average, analysts expect GlobalFoundries to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

GlobalFoundries Stock Performance

Shares of NASDAQ:GFS opened at $41.40 on Tuesday. GlobalFoundries has a 12 month low of $35.85 and a 12 month high of $61.98. The company has a current ratio of 2.42, a quick ratio of 1.76 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $43.00 and a 200-day moving average price of $43.03. The company has a market cap of $22.84 billion, a price-to-earnings ratio of 30.90, a price-to-earnings-growth ratio of 8.84 and a beta of 1.56.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Robert W. Baird dropped their target price on shares of GlobalFoundries from $63.00 to $50.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Morgan Stanley lowered GlobalFoundries from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $53.00 to $43.00 in a research report on Monday, October 28th. UBS Group started coverage on shares of GlobalFoundries in a research report on Wednesday, November 20th. They issued a “neutral” rating and a $47.00 price objective on the stock. Wedbush restated an “outperform” rating and set a $60.00 price target (down previously from $65.00) on shares of GlobalFoundries in a research note on Tuesday, November 5th. Finally, Citigroup cut their target price on shares of GlobalFoundries from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $50.21.

About GlobalFoundries

GlobalFoundries Inc, a semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide. It manufactures various semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units.