Himax Technologies (HIMX) Expected to Announce Earnings on Tuesday

Himax Technologies (NASDAQ:HIMX) is projected to post its quarterly earnings results before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.10 per share and revenue of $221,085.00 billion for the quarter. Himax Technologies has set its Q4 2024 guidance at 0.093-0.110 EPS and its Q4 guidance at $0.09-0.11 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Himax Technologies (NASDAQ:HIMX) last issued its earnings results on Thursday, November 7th. The semiconductor company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. The firm had revenue of $222.40 million during the quarter, compared to analysts’ expectations of $205.93 million. Himax Technologies had a return on equity of 9.06% and a net margin of 8.77%. Himax Technologies’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period last year, the business earned $0.06 earnings per share.

Himax Technologies Price Performance

NASDAQ:HIMX opened at $9.28 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.37 and a current ratio of 1.64. The company has a 50-day moving average of $7.45 and a 200-day moving average of $6.54. Himax Technologies has a 52 week low of $4.80 and a 52 week high of $13.91. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 21.09 and a beta of 1.94.

Himax Technologies declared that its Board of Directors has approved a share repurchase program on Wednesday, December 4th that allows the company to buyback $20.00 million in shares. This buyback authorization allows the semiconductor company to buy up to 1.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird upped their price objective on Himax Technologies from $7.00 to $15.00 and gave the company an “outperform” rating in a research note on Friday, December 13th.

Himax Technologies Company Profile

Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, and other products.