Diodes (DIOD) Projected to Post Earnings on Tuesday

Diodes (NASDAQ:DIOD) is anticipated to issue its quarterly earnings data after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.54 per share and revenue of $350,079.00 billion for the quarter. Diodes has set its Q4 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Diodes (NASDAQ:DIOD) last posted its earnings results on Thursday, November 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The firm had revenue of $350.08 million for the quarter, compared to analyst estimates of $346.30 million. Diodes had a return on equity of 3.90% and a net margin of 4.72%. During the same quarter in the prior year, the company earned $1.13 EPS. On average, analysts expect Diodes to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Diodes Stock Performance

Diodes stock opened at $60.08 on Tuesday. Diodes has a fifty-two week low of $52.71 and a fifty-two week high of $86.74. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 45.52 and a beta of 1.32. The stock has a fifty day moving average of $62.44 and a two-hundred day moving average of $64.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 3.58.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DIOD. Benchmark cut their target price on shares of Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, November 11th. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Finally, Truist Financial reduced their price objective on shares of Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $72.80.

About Diodes

Diodes Incorporated, together with its subsidiaries, manufactures and supplies application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFETs, SiC MOSFETs; data line protection, power line protection, thyristers, USB Type-C protection, and transient voltage suppressors; Schottky, small signal switching, Zener, and SiC diodes; bridges, super barrier, Schottky, Schottky bridge, and fast/ultra-fast rectifiers; and bipolar, avalanche, gate driver, and pre-bias transistors.