Brokers Issue Forecasts for TOKYO ELECTRON/ADR’s Q3 2019 Earnings (TOELY)

TOKYO ELECTRON/ADR (OTCMKTS:TOELY) – Stock analysts at Jefferies Financial Group reduced their Q3 2019 earnings estimates for shares of TOKYO ELECTRON/ADR in a research note issued on Tuesday, November 6th. Jefferies Financial Group analyst M. Nakanomyo now expects that the company will earn $0.58 per share for the quarter, down from their prior estimate of $0.66. Jefferies Financial Group also issued estimates for TOKYO ELECTRON/ADR’s Q4 2019 earnings at $0.79 EPS, FY2019 earnings at $3.24 EPS and FY2021 earnings at $3.79 EPS.

A number of other brokerages have also recently weighed in on TOELY. Zacks Investment Research cut TOKYO ELECTRON/ADR from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 7th. Deutsche Bank cut TOKYO ELECTRON/ADR from a “buy” rating to a “hold” rating in a research note on Monday, October 1st.

Shares of TOKYO ELECTRON/ADR stock opened at $34.46 on Wednesday. TOKYO ELECTRON/ADR has a 52 week low of $30.84 and a 52 week high of $53.50. The stock has a market capitalization of $22.62 billion, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 0.70 and a beta of 1.20.

About TOKYO ELECTRON/ADR

Tokyo Electron Limited, together with its subsidiaries, develops, manufactures, distributes, and sells semiconductor and flat panel display (FPD) production equipment in Japan, North America, Europe, South Korea, Taiwan, China, and internationally. The company's Semiconductor Production Equipment segment offers coaters/developers, plasma etch systems, and single wafer deposition systems and cleaning systems used in wafer processing; wafer probers used in wafer testing process; and electrochemical deposition systems and wafer bonders/debonders used in packaging processes.

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Earnings History and Estimates for TOKYO ELECTRON/ADR (OTCMKTS:TOELY)

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