ARM (NASDAQ:ARM) Releases Earnings Results, Beats Estimates By $0.04 EPS

ARM (NASDAQ:ARM) posted its quarterly earnings results on Wednesday. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04, Briefing.com reports. ARM had a net margin of 12.12% and a return on equity of 18.97%. The company had revenue of $844.00 million for the quarter, compared to the consensus estimate of $810.03 million. During the same period last year, the company posted $0.36 EPS. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year.

ARM Trading Up 4.4 %

Shares of ARM stock traded up $6.31 during mid-day trading on Thursday, reaching $150.99. The stock had a trading volume of 14,491,602 shares, compared to its average volume of 10,933,990. ARM has a 12-month low of $49.82 and a 12-month high of $188.75. The business has a 50-day simple moving average of $141.27 and a 200 day simple moving average of $137.49. The company has a market cap of $158.21 billion, a P/E ratio of 392.15, a price-to-earnings-growth ratio of 6.45 and a beta of 5.40.

Analyst Ratings Changes

ARM has been the topic of a number of recent analyst reports. Morgan Stanley upgraded ARM from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $107.00 to $190.00 in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of ARM from $82.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Barclays upped their target price on ARM from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday. Daiwa America raised shares of ARM from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 8th. Finally, William Blair initiated coverage on ARM in a research note on Wednesday, September 18th. They issued an “outperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, ARM presently has an average rating of “Moderate Buy” and a consensus price target of $145.57.

ARM Company Profile

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.