Himax Technologies (NASDAQ:HIMX) updated its third quarter 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $-0.05–0.03 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.02. The company issued revenue guidance of $157.46574-165.93164 million, compared to the consensus revenue estimate of $185.35 million.
Several brokerages recently weighed in on HIMX. Credit Suisse Group cut shares of Himax Technologies from a neutral rating to an underperform rating in a research note on Friday. Northland Securities reissued a hold rating and issued a $2.50 price objective on shares of Himax Technologies in a research note on Friday. BidaskClub raised shares of Himax Technologies from a strong sell rating to a sell rating in a research note on Wednesday, July 24th. Roth Capital reissued a neutral rating and issued a $3.50 price objective (down previously from $5.00) on shares of Himax Technologies in a research note on Friday, July 12th. Finally, Zacks Investment Research cut shares of Himax Technologies from a buy rating to a hold rating in a research note on Saturday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $4.86.
HIMX traded down $0.37 during trading on Friday, reaching $2.34. 2,445,477 shares of the stock traded hands, compared to its average volume of 1,312,748. The stock has a market capitalization of $466.51 million, a PE ratio of 135.50 and a beta of 0.04. The company has a 50-day simple moving average of $3.22. Himax Technologies has a 12 month low of $2.32 and a 12 month high of $6.78.
Himax Technologies (NASDAQ:HIMX) last issued its quarterly earnings results on Thursday, August 8th. The semiconductor company reported ($0.03) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.03). The business had revenue of $169.30 million for the quarter, compared to analysts’ expectations of $170.16 million. Himax Technologies had a net margin of 0.26% and a return on equity of 0.76%. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 earnings per share. As a group, equities research analysts expect that Himax Technologies will post -0.14 EPS for the current fiscal year.
About Himax Technologies
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.
See Also: Real Estate Investment Trust (REIT) ETF
Receive News & Ratings for Himax Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Himax Technologies and related companies with MarketBeat.com's FREE daily email newsletter.