Brokerages predict that QUALCOMM, Inc. (NASDAQ:QCOM) will report earnings per share (EPS) of $0.69 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for QUALCOMM’s earnings. The lowest EPS estimate is $0.65 and the highest is $0.72. QUALCOMM posted earnings of $1.34 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 48.5%. The company is expected to issue its next quarterly earnings results on Wednesday, April 18th.
On average, analysts expect that QUALCOMM will report full-year earnings of $3.34 per share for the current year, with EPS estimates ranging from $3.15 to $3.57. For the next year, analysts anticipate that the business will report earnings of $3.78 per share, with EPS estimates ranging from $3.17 to $4.34. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow QUALCOMM.
QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.07. QUALCOMM had a negative net margin of 18.65% and a positive return on equity of 18.10%. The company had revenue of $6.10 billion for the quarter, compared to the consensus estimate of $5.93 billion. During the same period in the previous year, the business earned $1.19 EPS. The company’s revenue was up 1.7% on a year-over-year basis.
Several analysts have issued reports on the stock. Vetr raised shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Monday, November 27th. Macquarie boosted their price target on shares of QUALCOMM from $55.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. Canaccord Genuity boosted their price target on shares of QUALCOMM from $83.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Stifel Nicolaus cut shares of QUALCOMM from a “buy” rating to a “hold” rating and boosted their price target for the company from $65.00 to $75.00 in a report on Tuesday, November 28th. Finally, Mizuho restated a “buy” rating and set a $75.00 price target (up from $65.00) on shares of QUALCOMM in a report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have given a buy rating to the stock. QUALCOMM presently has a consensus rating of “Hold” and an average target price of $68.25.
Shares of QUALCOMM (NASDAQ:QCOM) traded down $0.24 during trading hours on Monday, reaching $59.88. 1,597,482 shares of the company’s stock traded hands, compared to its average volume of 13,091,765. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.25 and a current ratio of 3.41. QUALCOMM has a 52 week low of $48.92 and a 52 week high of $69.28. The firm has a market cap of $88,630.00, a P/E ratio of -24.54, a P/E/G ratio of 1.86 and a beta of 1.35.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, February 28th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Tuesday, February 27th. QUALCOMM’s dividend payout ratio (DPR) is -93.06%.
In other QUALCOMM news, EVP Matthew S. Grob sold 43,000 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $65.35, for a total transaction of $2,810,050.00. Following the completion of the sale, the executive vice president now directly owns 43,000 shares in the company, valued at $2,810,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James H. Thompson sold 50,126 shares of the company’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $62.66, for a total transaction of $3,140,895.16. Following the sale, the executive vice president now owns 136,482 shares of the company’s stock, valued at $8,551,962.12. The disclosure for this sale can be found here. Insiders have sold 95,938 shares of company stock valued at $6,137,671 over the last 90 days. Corporate insiders own 0.17% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Green Square Capital LLC raised its position in shares of QUALCOMM by 45.5% during the fourth quarter. Green Square Capital LLC now owns 148,180 shares of the wireless technology company’s stock valued at $9,486,000 after buying an additional 46,306 shares during the last quarter. D.B. Root & Company LLC acquired a new position in shares of QUALCOMM during the fourth quarter valued at about $659,000. Rehmann Capital Advisory Group raised its position in shares of QUALCOMM by 8.7% during the fourth quarter. Rehmann Capital Advisory Group now owns 14,559 shares of the wireless technology company’s stock valued at $932,000 after buying an additional 1,167 shares during the last quarter. Albion Financial Group UT raised its position in shares of QUALCOMM by 4.4% during the fourth quarter. Albion Financial Group UT now owns 46,627 shares of the wireless technology company’s stock valued at $2,985,000 after buying an additional 1,952 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its position in shares of QUALCOMM by 8.6% during the fourth quarter. Xact Kapitalforvaltning AB now owns 266,902 shares of the wireless technology company’s stock valued at $17,087,000 after buying an additional 21,174 shares during the last quarter. Institutional investors own 78.11% of the company’s stock.
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QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications.
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