Rohm (OTCMKTS:ROHCY) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Rohm (OTCMKTS:ROHCY) announced its quarterly earnings data on Wednesday. The technology company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02), Zacks reports. The business had revenue of $851.76 million during the quarter, compared to analyst estimates of $813.37 million. Rohm had a negative net margin of 29.85% and a positive return on equity of 4.23%.

Rohm Price Performance

Shares of Rohm stock remained flat at $29.21 on Friday. The stock had a trading volume of 3,482 shares, compared to its average volume of 6,187. The stock’s fifty day moving average is $31.20 and its 200 day moving average is $24.56. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.77 and a current ratio of 3.79. Rohm has a 1-year low of $12.62 and a 1-year high of $36.52. The company has a market capitalization of $11.28 billion, a P/E ratio of -11.37 and a beta of 1.32.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Rohm to a “buy” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Rohm has a consensus rating of “Moderate Buy”.

About Rohm

Rohm Co, Ltd., trading in the U.S. as OTCMKTS:ROHCY, is a Japanese semiconductor manufacturer headquartered in Kyoto, Japan. Established in 1958, the company specializes in the design, development and manufacture of a wide range of electronic components. Its product portfolio encompasses analog and mixed-signal integrated circuits, power management devices, discrete semiconductors, optoelectronics and a variety of passive components including chip resistors and capacitors.

Rohm’s semiconductor offerings serve applications across automotive, industrial, computing, communications and consumer electronics markets.