Analysts expect that QUALCOMM, Inc. (NASDAQ:QCOM) will post sales of $5.20 billion for the current quarter, Zacks reports. Five analysts have made estimates for QUALCOMM’s earnings, with the highest sales estimate coming in at $5.20 billion and the lowest estimate coming in at $5.18 billion. QUALCOMM posted sales of $5.02 billion during the same quarter last year, which suggests a positive year over year growth rate of 3.6%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, April 18th.
On average, analysts expect that QUALCOMM will report full-year sales of $5.20 billion for the current financial year, with estimates ranging from $22.02 billion to $22.72 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $23.03 billion per share, with estimates ranging from $21.49 billion to $24.46 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover QUALCOMM.
QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.07. QUALCOMM had a positive return on equity of 18.10% and a negative net margin of 18.65%. The firm had revenue of $6.10 billion during the quarter, compared to the consensus estimate of $5.93 billion. During the same quarter in the previous year, the company posted $1.19 earnings per share. The company’s revenue was up 1.7% compared to the same quarter last year.
Shares of QUALCOMM (QCOM) opened at $59.70 on Wednesday. The company has a current ratio of 3.41, a quick ratio of 3.25 and a debt-to-equity ratio of 0.81. QUALCOMM has a twelve month low of $48.92 and a twelve month high of $69.28. The company has a market capitalization of $88,380.00, a PE ratio of -24.37, a P/E/G ratio of 1.95 and a beta of 1.35.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, February 28th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend is Tuesday, February 27th. QUALCOMM’s dividend payout ratio (DPR) is presently -93.06%.
In related news, EVP Alexander H. Rogers sold 1,180 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $66.94, for a total transaction of $78,989.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James H. Thompson sold 50,126 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $62.66, for a total value 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 sold 95,938 shares of company stock valued at $6,137,671 over the last 90 days. Company insiders own 0.24% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Wrapmanager Inc. purchased a new stake in shares of QUALCOMM during the third quarter worth approximately $369,000. Garde Capital Inc. boosted its stake in QUALCOMM by 77.8% during the third quarter. Garde Capital Inc. now owns 17,252 shares of the wireless technology company’s stock worth $894,000 after buying an additional 7,547 shares during the last quarter. Conning Inc. boosted its stake in QUALCOMM by 16.4% during the third quarter. Conning Inc. now owns 719,378 shares of the wireless technology company’s stock worth $37,293,000 after buying an additional 101,483 shares during the last quarter. Stephens Inc. AR boosted its stake in QUALCOMM by 10.8% during the second quarter. Stephens Inc. AR now owns 115,483 shares of the wireless technology company’s stock worth $6,377,000 after buying an additional 11,232 shares during the last quarter. Finally, Ffcm LLC boosted its stake in QUALCOMM by 44.7% during the third quarter. Ffcm LLC now owns 101,475 shares of the wireless technology company’s stock worth $5,261,000 after buying an additional 31,326 shares during the last quarter. Hedge funds and other 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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