QUALCOMM (NASDAQ: QCOM) is scheduled to release its quarterly results after the market closes on Wednesday, April 28. Analysts expect QUALCOMM to post earnings of $ 1.28 per share this quarter. QUALCOMM has set its Q2 2021 off-hours guideline at 1.55-1.75 EPS and its Q2 guideline at $ 1.55-1.75 EPS. Persons wishing to listen to the company’s conference call can do so via this link.
QUALCOMM (NASDAQ: QCOM) last released its earnings results on Wednesday, February 3. The wireless technology company reported earnings per share (EPS) of $ 2.17 for the quarter, beating the Zacks’ consensus estimate of $ 2.10 by $ 0.07. The company had sales of $ 8.24 billion for the quarter, compared to analyst estimates of $ 8.26 billion. QUALCOMM had a net margin of 22.09% and a return on equity of 90.74%. The company’s quarterly sales increased 62.2% year-on-year. During the same period last year, the company earned $ 0.80 EPS. On average, analysts expect QUALCOMM to post $ 6 EPS for the current fiscal year and $ 8 EPS for the next fiscal year.
Shares of NASDAQ QCOM opened on Wednesday at $ 133.40. The stock has a market capitalization of $ 151.54 billion, a P / E ratio of 29.45, a PEG ratio of 1.27 and a beta of 1.34. The 50-day simple moving average is $ 133.83 and the 200-day simple moving average is $ 141.72. QUALCOMM has a 12-month low of $ 71.75 and a 12-month high of $ 167.94. The company has a current ratio of 2.14, a quick ratio of 1.84 and a debt-to-equity ratio of 2.51.
The company also recently announced a quarterly dividend, to be paid on Thursday, June 24. Shareholders announced on Thursday, June 3, will receive a dividend of $ 0.68 per share. This is an increase over QUALCOMM’s previous quarterly dividend of $ 0.65. The ex-dividend date is Wednesday June 2. This represents an annualized dividend of $ 2.72 and a yield of 2.04%. QUALCOMM’s dividend payout ratio is 77.84%.
A number of stock analysts have recently commented on the company. Mizuho raised their target price on QUALCOMM from $ 163.00 to $ 170.00 and gave the stock a “buy” rating in a research report on Thursday, Feb. 4. Deutsche Bank Aktiengesellschaft raised its target price on QUALCOMM shares from $ 170.00 to $ 190.00 and gave the company a “buy” rating in a research report on Thursday, February 4. Evercore ISI reaffirmed an “in-line” rating and set a price target of $ 150.00 (below $ 195.00) on QUALCOMM shares in a research report on Monday. JPMorgan Chase & Co. lowered their price target on QUALCOMM from $ 185.00 to $ 170.00 and found an “overweight” rating on the stock in a report on Wednesday, March 10. Finally, Susquehanna downgraded QUALCOMM from a “positive” rating to a “neutral” rating and lowered their target price for the company from $ 175.00 to $ 155.00 in a research note on Monday. Thirteen stock research analysts rated the stock with a hold rating, sixteen gave a buy rating, and one gave a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $ 162.77.
QUALCOMM Incorporated is engaged in the development and commercialization of fundamental technologies and products used in mobile devices and other wireless products, including network equipment, broadband gateway equipment, consumer electronics and other connected devices worldwide. It operates in three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI).
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