ASE Technology (ASX) to Release Quarterly Earnings on Thursday

ASE Technology (NYSE:ASX) will be posting its quarterly earnings results before the market opens on Thursday, July 25th. Investors that wish to register for the company’s conference call can do so using this link.

ASE Technology (NYSE:ASX) last issued its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). ASE Technology had a net margin of 5.41% and a return on equity of 10.09%. The business had revenue of $4.24 billion during the quarter. During the same quarter last year, the firm posted $0.09 EPS. On average, analysts expect ASE Technology to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ASE Technology Trading Up 0.0 %

Shares of ASX opened at $11.11 on Wednesday. ASE Technology has a 52-week low of $7.20 and a 52-week high of $12.86. The business’s fifty day moving average is $11.30 and its 200-day moving average is $10.53. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.92 and a current ratio of 1.19. The firm has a market cap of $24.34 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 0.62 and a beta of 1.21.

ASE Technology Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 2nd will be paid a $0.3209 dividend. The ex-dividend date is Tuesday, July 2nd. This represents a dividend yield of 2.2%. ASE Technology’s payout ratio is 50.00%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ASX shares. StockNews.com upgraded ASE Technology from a “hold” rating to a “buy” rating in a research note on Thursday, June 13th. Morgan Stanley lowered ASE Technology from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, June 25th.

About ASE Technology

ASE Technology Holding Co, Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.