$1.22 Earnings Per Share Expected for Analog Devices, Inc. (NASDAQ:ADI) This Quarter

Brokerages expect Analog Devices, Inc. (NASDAQ:ADI) to announce earnings of $1.22 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Analog Devices’ earnings. The lowest EPS estimate is $1.21 and the highest is $1.24. Analog Devices posted earnings per share of $1.55 in the same quarter last year, which would indicate a negative year over year growth rate of 21.3%. The company is scheduled to issue its next quarterly earnings results on Tuesday, November 19th.

According to Zacks, analysts expect that Analog Devices will report full-year earnings of $5.20 per share for the current year, with EPS estimates ranging from $5.17 to $5.28. For the next fiscal year, analysts anticipate that the business will post earnings of $5.29 per share, with EPS estimates ranging from $4.91 to $5.70. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Analog Devices.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.04. Analog Devices had a net margin of 24.71% and a return on equity of 18.01%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the firm earned $1.53 earnings per share. Analog Devices’s revenue for the quarter was down 5.0% on a year-over-year basis.

Several analysts recently issued reports on the stock. ValuEngine cut shares of Analog Devices from a “buy” rating to a “hold” rating in a report on Wednesday. Nomura assumed coverage on shares of Analog Devices in a report on Monday, June 3rd. They issued a “neutral” rating and a $90.00 price target on the stock. BidaskClub cut shares of Analog Devices from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Investment Research cut shares of Analog Devices from a “hold” rating to a “strong sell” rating and set a $102.00 price target on the stock. in a report on Wednesday, May 29th. Finally, Goldman Sachs Group raised shares of Analog Devices from a “sell” rating to a “buy” rating and upped their price target for the company from $101.00 to $114.00 in a report on Monday, June 10th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $110.11.

ADI traded down $4.46 during trading on Friday, hitting $104.17. 3,770,819 shares of the company’s stock were exchanged, compared to its average volume of 2,338,766. The firm has a market cap of $40.15 billion, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 1.68 and a beta of 1.41. The stock has a 50 day moving average price of $114.11 and a 200 day moving average price of $109.16. The company has a current ratio of 1.52, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. Analog Devices has a 1 year low of $76.62 and a 1 year high of $124.79.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.54 per share. The ex-dividend date is Thursday, August 29th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.07%. Analog Devices’s dividend payout ratio (DPR) is 36.36%.

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $98.23, for a total transaction of $982,300.00. Following the sale, the chief executive officer now directly owns 31,206 shares of the company’s stock, valued at $3,065,365.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward H. Frank sold 14,880 shares of the stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of $110.51, for a total transaction of $1,644,388.80. Following the sale, the director now directly owns 16,520 shares in the company, valued at $1,825,625.20. The disclosure for this sale can be found here. Insiders have sold 70,399 shares of company stock worth $7,877,053 over the last three months. 0.50% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the business. Measured Wealth Private Client Group LLC grew its position in shares of Analog Devices by 3.4% during the second quarter. Measured Wealth Private Client Group LLC now owns 2,507 shares of the semiconductor company’s stock worth $283,000 after acquiring an additional 83 shares during the last quarter. Nicolet Bankshares Inc. grew its position in shares of Analog Devices by 4.1% during the second quarter. Nicolet Bankshares Inc. now owns 2,169 shares of the semiconductor company’s stock worth $245,000 after acquiring an additional 85 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in shares of Analog Devices by 1.4% during the first quarter. Stratos Wealth Partners LTD. now owns 6,485 shares of the semiconductor company’s stock worth $683,000 after acquiring an additional 89 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of Analog Devices by 7.8% during the first quarter. Parkside Financial Bank & Trust now owns 1,251 shares of the semiconductor company’s stock worth $132,000 after acquiring an additional 90 shares during the last quarter. Finally, Berman Capital Advisors LLC grew its position in shares of Analog Devices by 43.8% during the first quarter. Berman Capital Advisors LLC now owns 299 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 91 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors.

Analog Devices Company Profile

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

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Earnings History and Estimates for Analog Devices (NASDAQ:ADI)

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