Amkor Technology (AMKR) Releases Q4 2018 Earnings Guidance

Amkor Technology (NASDAQ:AMKR) issued an update on its fourth quarter 2018 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.02-0.14 for the period. The company issued revenue guidance of $1.02-1.1 billion.

AMKR traded up $0.05 during trading hours on Monday, hitting $6.03. 1,308,259 shares of the stock were exchanged, compared to its average volume of 1,029,614. Amkor Technology has a 12 month low of $5.72 and a 12 month high of $11.88. The stock has a market capitalization of $1.43 billion, a PE ratio of 10.63 and a beta of 2.52. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.26 and a quick ratio of 1.05.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, July 30th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.09. Amkor Technology had a return on equity of 9.15% and a net margin of 4.51%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the business posted $0.14 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, research analysts anticipate that Amkor Technology will post 0.56 earnings per share for the current fiscal year.

AMKR has been the topic of several research analyst reports. TheStreet cut Amkor Technology from a b- rating to a c+ rating in a research note on Friday, October 19th. Deutsche Bank raised their price objective on Amkor Technology from $9.50 to $10.00 and gave the stock a hold rating in a research note on Tuesday, July 31st. ValuEngine upgraded Amkor Technology from a sell rating to a hold rating in a research note on Thursday, July 19th. BidaskClub upgraded Amkor Technology from a sell rating to a hold rating in a research note on Thursday, August 9th. Finally, Credit Suisse Group restated a neutral rating on shares of Amkor Technology in a research note on Wednesday, October 17th. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The company presently has an average rating of Sell and a consensus price target of $9.38.

Amkor Technology Company Profile

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States and internationally. The company offers turnkey packaging and test services, including semiconductor wafer bumps, wafer probes, wafer back-grinds, package design, packaging, and test and drop shipment services.

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