ARM (NASDAQ:ARM) Announces Earnings Results, Beats Expectations By $0.04 EPS

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

ARM Stock Performance

ARM opened at $147.48 on Friday. The stock’s fifty day moving average is $142.03 and its 200-day moving average is $137.63. ARM has a one year low of $49.82 and a one year high of $188.75. The company has a market capitalization of $154.53 billion, a PE ratio of 378.16, a P/E/G ratio of 6.27 and a beta of 5.40.

Analysts Set New Price Targets

ARM has been the subject of a number of research reports. Barclays boosted their price target on ARM from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday. Rosenblatt Securities restated a “buy” rating and issued a $180.00 price target on shares of ARM in a report on Thursday, August 1st. Susquehanna boosted their target price on shares of ARM from $115.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday. Citigroup raised their price target on shares of ARM from $150.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, William Blair assumed coverage on shares of ARM in a report on Wednesday, September 18th. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.