QUALCOMM Incorporated (NASDAQ:QCOM) is scheduled to be releasing its earnings data after the market closes on Thursday, July 20th. Analysts expect QUALCOMM to post earnings of $0.81 per share for the quarter. QUALCOMM has set its Q3 guidance at $0.90-1.15 EPS.
QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, April 19th. The wireless technology company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.29. The company had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.86 billion. QUALCOMM had a net margin of 19.25% and a return on equity of 21.32%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the firm posted $1.04 earnings per share. On average, analysts expect QUALCOMM to post $4.24 EPS for the current fiscal year and $3.82 EPS for the next fiscal year.
QUALCOMM Incorporated (NASDAQ QCOM) opened at 56.46 on Tuesday. The company has a market capitalization of $83.42 billion, a PE ratio of 18.81 and a beta of 1.30. QUALCOMM Incorporated has a 12 month low of $51.05 and a 12 month high of $71.62. The stock’s 50 day moving average is $57.09 and its 200-day moving average is $57.97.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 30th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Monday, August 28th. QUALCOMM’s dividend payout ratio is currently 76.00%.
In other news, President Derek K. Aberle sold 23,104 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $55.38, for a total value of $1,279,499.52. Following the completion of the transaction, the president now directly owns 5,855 shares in the company, valued at $324,249.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Derek K. Aberle sold 22,251 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $57.59, for a total transaction of $1,281,435.09. Following the completion of the transaction, the president now owns 28,959 shares of the company’s stock, valued at $1,667,748.81. The disclosure for this sale can be found here. Insiders sold 87,473 shares of company stock valued at $4,840,167 over the last 90 days. 0.24% of the stock is owned by company insiders.
QCOM has been the topic of a number of analyst reports. Macquarie started coverage on shares of QUALCOMM in a research note on Thursday, March 30th. They issued a “neutral” rating and a $60.00 price objective on the stock. Stifel Nicolaus cut their target price on shares of QUALCOMM from $65.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, March 30th. Royal Bank Of Canada reissued a “hold” rating and set a $60.00 target price on shares of QUALCOMM in a research note on Monday, April 3rd. Jefferies Group LLC reissued a “hold” rating and set a $78.00 target price on shares of QUALCOMM in a research note on Tuesday, April 4th. Finally, Zacks Investment Research lowered shares of QUALCOMM from a “hold” rating to a “sell” rating in a research note on Wednesday, April 5th. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. QUALCOMM has an average rating of “Hold” and an average price target of $64.65.
QUALCOMM Company Profile
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.
Receive News & Ratings for QUALCOMM Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QUALCOMM Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.