Equities Analysts Issue Forecasts for TOKYO ELECTRON/ADR’s FY2020 Earnings (TOELY)

Equities Analysts Issue Forecasts for TOKYO ELECTRON/ADR’s FY2020 Earnings (TOELY)

TOKYO ELECTRON/ADR (OTCMKTS:TOELY) – Equities research analysts at Jefferies Financial Group lowered their FY2020 earnings per share (EPS) estimates for shares of TOKYO ELECTRON/ADR in a report released on Tuesday, January 15th. Jefferies Financial Group analyst M. Nakanomyo now expects that the company will post earnings of $2.52 per share for the year, down from their prior forecast of $3.36. Jefferies Financial Group also issued estimates for TOKYO ELECTRON/ADR’s FY2021 earnings at $2.84 EPS.

A number of other equities research analysts have also recently issued reports on TOELY. Deutsche Bank cut TOKYO ELECTRON/ADR from a “buy” rating to a “hold” rating in a research note on Monday, October 1st. Zacks Investment Research cut TOKYO ELECTRON/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th.

Shares of TOKYO ELECTRON/ADR stock opened at $32.76 on Friday. TOKYO ELECTRON/ADR has a 52-week low of $27.04 and a 52-week high of $53.50. The stock has a market capitalization of $21.18 billion, a P/E ratio of 11.37, a PEG ratio of 0.66 and a beta of 1.40.

About TOKYO ELECTRON/ADR

Tokyo Electron Limited, together with its subsidiaries, develops, manufactures, distributes, and sells semiconductor and flat panel display (FPD) production equipment in Japan, North America, Europe, South Korea, Taiwan, China, and internationally. The company’s Semiconductor Production Equipment segment offers coaters/developers, plasma etch systems, and single wafer deposition systems and cleaning systems used in wafer processing; wafer probers used in wafer testing process; and electrochemical deposition systems and wafer bonders/debonders used in packaging processes.

Share:
Scroll Up
error: Content is protected !!