The price of ST Microelectronics (NYSE: STM) closed at $43.68 in the last session, down -2.02% from day before closing price of $44.58. In other words, the price has decreased by -$0.90 from its previous closing price. On the day, 3899173 shares were traded.
Ratios:
We take a closer look at STM’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.33. 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 40.42B and an Enterprise Value of 37.51B. As of this moment, ST’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.79, and their Forward P/E ratio for the next fiscal year is 10.82. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.96. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.26 while its Price-to-Book (P/B) ratio in mrq is 2.36. Its current Enterprise Value per Revenue stands at 2.17 whereas that against EBITDA is 5.88.
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 45.29, while the 200-Day Moving Average is calculated to be 46.16.
Shares Statistics:
According to the various share statistics, STM traded on average about 3.54M shares per day over the past 3-months and 4.07M shares per day over the past 10 days. 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 1.33, compared to 5.41M on Jan 31, 2024.
Dividends & Splits
The forward annual dividend rate for STM is 0.30, which was 0.24 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.54%, it implies a Forward Annual Dividend Yield of 0.55%. 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 Mar 18, 2024. Stock splits for the company last occurred on May 09, 2000 when the company split stock in a 3:1 ratio.
Earnings Estimates
The company has 8 analysts who recommend its stock at the moment. 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
According to 9 analysts, the current quarter’s revenue is expected to be $3.61B. 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.
