Qnity Electronics (NYSE:Q) Posts Earnings Results, Beats Expectations By $0.32 EPS

Qnity Electronics (NYSE:Q) issued its quarterly earnings results on Tuesday. The premier technology solutions leader reported $1.01 EPS for the quarter, beating the consensus estimate of $0.69 by $0.32, Zacks reports.

Qnity Electronics Price Performance

Shares of NYSE Q traded down $2.23 during trading hours on Tuesday, hitting $79.23. The stock had a trading volume of 3,116,355 shares, compared to its average volume of 3,271,294. Qnity Electronics has a 52 week low of $70.50 and a 52 week high of $105.40.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wolfe Research initiated coverage on shares of Qnity Electronics in a research note on Monday, November 3rd. They set an “outperform” rating and a $110.00 target price on the stock. New Street Research set a $110.00 price target on Qnity Electronics in a report on Monday, November 3rd. Mizuho began coverage on Qnity Electronics in a research report on Tuesday, November 4th. They set an “outperform” rating and a $110.00 price target on the stock. Finally, Zacks Research raised Qnity Electronics to a “hold” rating in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $110.00.

About Qnity Electronics

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.