On 17 Oct 2019, ASML Holding N.V. (NASDAQ: ASML) spotted trading -5.80% off 52-week high price. On the other end, the stock has been noted 75.61% away from the low price over the last 52-weeks. The stock changed -0.28% to recent value of $253.76. The stock transacted 1546221 shares during most recent day however it has an average volume of 644.76K shares. The company has 414.02M of outstanding shares and 414.02M shares were floated in the market.
ASML Holding N.V. (ASML) publishes its 2019 third-quarter results.
- Q3 net sales of EUR 3.0B, net income of EUR 627M, gross margin 43.7%
- Q3 net bookings of EUR 5.1B
- ASML expects Q4 2019 net sales of about EUR 3.9B and a gross margin between 48% and 49%
- ASML revises its capital return policy to provide for dividend payments on a semi-yearly basis, and announces an interim dividend for 2019 of EUR 1.05 per ordinary share
CEO statement and outlook
“Our third-quarter sales and the gross margin came in at guidance.
“For the remainder of the year, we expect Logic to continue to be strong, driven by the leading-edge nodes supporting end-market technology and applications such as 5G and artificial intelligence. The timing of Memory recovery remains uncertain.
“We continue to make solid progress in EUV. Consumers have introduced their first EUV manufactured devices and we have seen EUV mentioned in product announcements. In the third quarter, we shipped seven EUV systems, three of which were NXE:3400C, our higher productivity model. We received 23 EUV orders in the third quarter which contributes to our highest ever value of bookings in one quarter. This strong order flow confirms the adoption of EUV in high volume manufacturing for Logic and Memory.
“Our overall view for 2019 is essentially unchanged as we continue to see 2019 as a growth year,” stated ASML President and Chief Executive Officer Peter Wennink.
For the fourth quarter of 2019, ASML expects net sales of about EUR 3.9B, and a gross margin between 48% and 49%. ASML also expects R&D costs of about EUR 500M and SG&A costs of about EUR 135M. Our estimated annualized effective tax rate is about 7% for 2019.
ASML announces that it has revised its capital return policy to provide for dividend payments on a semi-yearly basis. ASML’s dividend proposals will continue to be subject to the availability of distributable profits or retained earnings and other factors, such as future liquidity requirements.
The interim dividend over 2019 will be EUR 1.05 per ordinary share. The ex-dividend date as well as the fixing date for the EUR/USD conversion will be November 4, 2019 and the record date will be November 5, 2019. The dividend will be made payable on November 15, 2019.
Its earnings per share (EPS) expected to touch remained 26.90% for this year while earning per share for the next 5-years is expected to reach at 19.60%. ASML has a gross margin of 44.40% and an operating margin of 23.00% while its profit margin remained 21.50% for the last 12 months. According to the most recent quarter its current ratio was 2.7 that represents company’s ability to meet its current financial obligations. The price moved ahead of 1.81% from the mean of 20 days, 7.96% from mean of 50 days SMA and performed 24.55% from mean of 200 days price. Company’s performance for the week was 0.90%, 1.59% for month and YTD performance remained 63.06%.