Brokers Set Expectations for Tokyo Electron Limited’s Q1 2023 Earnings (OTCMKTS:TOELY)
Tokyo Electron Limited (OTCMKTS:TOELY – Get Rating) – Investment analysts at Jefferies Financial Group issued their Q1 2023 earnings per share (EPS) estimates for Tokyo Electron in a research note issued to investors on Thursday, May 19th. Jefferies Financial Group analyst M. Nakanomyo forecasts that the company will post earnings of $1.75 per share for the quarter. Jefferies Financial Group also issued estimates for Tokyo Electron’s Q2 2023 earnings at $1.75 EPS, FY2023 earnings at $7.71 EPS, FY2024 earnings at $7.97 EPS and FY2025 earnings at $7.89 EPS.
Separately, Zacks Investment Research raised shares of Tokyo Electron from a “sell” rating to a “hold” rating in a research note on Saturday, February 19th.
Shares of TOELY opened at $113.85 on Monday. The firm’s 50 day moving average is $114.31 and its 200-day moving average is $124.32. The stock has a market capitalization of $71.59 billion, a P/E ratio of 22.51 and a beta of 1.22. Tokyo Electron has a 12-month low of $96.86 and a 12-month high of $149.47.
About Tokyo Electron (Get Rating)
Tokyo Electron Limited, together with its subsidiaries, develops, manufactures, and sells semiconductor and flat panel display (FPD) production equipment in Japan, Europe, North America, Taiwan, China, South Korea, and internationally. The company’s Semiconductor Production Equipment segment offers coaters/developers, etch systems, deposition systems, and cleaning systems used in wafer processing; wafer probers used in wafer testing process; and wafer bonders/debonders.
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