ST Microelectronics (NYSE: STM) closed the day trading at $42.93 down -0.85% from the previous closing price of $43.30. In other words, the price has decreased by -$0.37 from its previous closing price. On the day, 2157778 shares were traded. STM stock price reached its highest trading level at $43.42 during the session, while it also had its lowest trading level at $42.90.
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Ratios:
For a better understanding of STM, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.93. For the most recent quarter (mrq), Quick Ratio is recorded 2.44 and its Current Ratio is at 3.17. In the meantime, Its Debt-to-Equity ratio is 0.19 whereas as Long-Term Debt/Eq ratio is at 0.17.
On January 25, 2024, Craig Hallum reiterated its Buy rating and also upped its target price recommendation from $50 to $48.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, STM now has a Market Capitalization of 39.10B and an Enterprise Value of 36.19B. As of this moment, ST’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.62, and their Forward P/E ratio for the next fiscal year is 10.71. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.22 while its Price-to-Book (P/B) ratio in mrq is 2.32. Its current Enterprise Value per Revenue stands at 2.09 whereas that against EBITDA is 5.67.
Stock Price History:
Over the past 52 weeks, STM has reached a high of $55.85, while it has fallen to a 52-week low of $37.21. The 50-Day Moving Average of the stock is 45.17, while the 200-Day Moving Average is calculated to be 46.12.
Shares Statistics:
Over the past 3-months, STM traded about 3.60M shares per day on average, while over the past 10 days, STM traded about 3.49M shares per day. A total of 902.77M shares are outstanding, with a floating share count of 894.25M. Insiders hold about 0.00% of the company’s shares, while institutions hold 5.16% stake in the company. Shares short for STM as of Feb 29, 2024 were 4.72M with a Short Ratio of 1.31, compared to 5.41M on Jan 31, 2024.
Dividends & Splits
STM’s forward annual dividend rate is 0.24, up from 0.24 a year ago. Against a Trailing Annual Dividend Yield of 0.55%, it implies a Forward Annual Dividend Yield of 0.84%. The stock’s 5-year Average Dividend Yield is 0.71. The current Payout Ratio is 4.57% for STM, which recently paid a dividend on Mar 26, 2024 with an ex-dividend date of Jun 25, 2024. Stock splits for the company last occurred on May 09, 2000 when the company split stock in a 3:1 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 8 analysts. On average, analysts expect EPS of $0.58 for the current quarter, with a high estimate of $0.65 and a low estimate of $0.52, while EPS last year was $1.1. The consensus estimate for the next quarter is $0.65, with high estimates of $0.78 and low estimates of $0.58.
Analysts are recommending an EPS of between $3.27 and $2.5 for the fiscal current year, implying an average EPS of $3.02. EPS for the following year is $3.72, with 8 analysts recommending between $4.51 and $2.25.
Revenue Estimates
9 analysts predict $3.61B in revenue for the current quarter. It ranges from a high estimate of $3.68B to a low estimate of $3.6B. As of the current estimate, ST Microelectronics’s year-ago sales were $4.25B, an estimated decrease of -14.90% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $3.8B, a decrease of -12.10% over than the figure of -$14.90% in the same quarter last year. There is a high estimate of $4.1B for the next quarter, whereas the lowest estimate is $3.64B.
A total of 10 analysts have provided revenue estimates for STM’s current fiscal year. The highest revenue estimate was $16.5B, while the lowest revenue estimate was $14.59B, resulting in an average revenue estimate of $16.17B. In the same quarter a year ago, actual revenue was $17.29B, down -6.40% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $17.56B in the next fiscal year. The high estimate is $18.77B and the low estimate is $14.01B. The average revenue growth estimate for next year is up 8.60% from the average revenue estimate for this year.
