$0.24 Earnings Per Share Expected for CEVA, Inc. (CEVA) This Quarter

Analysts expect CEVA, Inc. (NASDAQ:CEVA) to post $0.24 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for CEVA’s earnings. CEVA posted earnings per share of $0.32 during the same quarter last year, which would indicate a negative year-over-year growth rate of 25%. The company is scheduled to announce its next earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that CEVA will report full-year earnings of $1.16 per share for the current fiscal year. For the next financial year, analysts forecast that the firm will report earnings of $1.39 per share, with EPS estimates ranging from $1.25 to $1.62. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover CEVA.

CEVA (NASDAQ:CEVA) last issued its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. CEVA had a return on equity of 9.02% and a net margin of 21.89%. The firm had revenue of $24.00 million for the quarter, compared to analysts’ expectations of $21.56 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The business’s revenue for the quarter was up 34.1% compared to the same quarter last year.

A number of brokerages have recently commented on CEVA. Canaccord Genuity upped their price target on CEVA from $45.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Zacks Investment Research raised CEVA from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, October 3rd. Roth Capital upped their price target on CEVA from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Monday, July 31st. Finally, BidaskClub raised CEVA from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $46.71.

COPYRIGHT VIOLATION NOTICE: “$0.24 Earnings Per Share Expected for CEVA, Inc. (CEVA) This Quarter” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://www.dispatchtribunal.com/2017/12/04/0-24-earnings-per-share-expected-for-ceva-inc-ceva-this-quarter.html.

In related news, Director Eliyahu Ayalon sold 9,215 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $46.00, for a total transaction of $423,890.00. Following the sale, the director now directly owns 11,586 shares in the company, valued at approximately $532,956. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.90% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. raised its stake in shares of CEVA by 5.3% during the 3rd quarter. Baillie Gifford & Co. now owns 193,198 shares of the semiconductor company’s stock valued at $8,269,000 after purchasing an additional 9,798 shares during the period. Northern Trust Corp increased its stake in CEVA by 8.6% in the 2nd quarter. Northern Trust Corp now owns 286,928 shares of the semiconductor company’s stock worth $13,041,000 after acquiring an additional 22,822 shares during the last quarter. Menta Capital LLC increased its stake in CEVA by 12.1% in the 2nd quarter. Menta Capital LLC now owns 59,584 shares of the semiconductor company’s stock worth $2,708,000 after acquiring an additional 6,432 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in CEVA by 218.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 45,261 shares of the semiconductor company’s stock worth $2,057,000 after acquiring an additional 31,054 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in CEVA by 5.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 93,583 shares of the semiconductor company’s stock worth $4,254,000 after acquiring an additional 4,860 shares during the last quarter. Institutional investors own 86.75% of the company’s stock.

CEVA (NASDAQ CEVA) opened at $47.55 on Friday. CEVA has a 1 year low of $29.00 and a 1 year high of $49.50. The company has a market capitalization of $1,044.91, a price-to-earnings ratio of 52.83, a PEG ratio of 3.09 and a beta of 0.77.

CEVA Company Profile

CEVA, Inc (CEVA) is a licensor of signal processing intellectual property (IP). The Company partners with semiconductor companies and original equipment manufacturers (OEMs) to create connected devices for a range of end markets, including mobile, consumer, automotive, industrial and Internet of things (IoT).

Get a free copy of the Zacks research report on CEVA (CEVA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for CEVA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CEVA Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply