Analog Devices, Inc. (ADI) Expected to Announce Earnings of $1.35 Per Share
Equities analysts forecast that Analog Devices, Inc. (NASDAQ:ADI) will announce $1.35 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Analog Devices’ earnings, with estimates ranging from $1.22 to $1.43. Analog Devices posted earnings of $1.05 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 28.6%. The business is scheduled to announce its next earnings results on Tuesday, November 28th.
On average, analysts expect that Analog Devices will report full year earnings of $4.58 per share for the current year, with EPS estimates ranging from $4.34 to $4.65. For the next fiscal year, analysts anticipate that the company will report earnings of $4.90 per share, with EPS estimates ranging from $4.69 to $5.27. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Analog Devices.
Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.11. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The business’s revenue for the quarter was up 64.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 EPS.
A number of equities research analysts have recently weighed in on the company. B. Riley restated a “buy” rating and set a $110.00 price target on shares of Analog Devices in a research note on Sunday, August 27th. Instinet lowered Analog Devices from a “neutral” rating to a “reduce” rating and dropped their price target for the stock from $82.00 to $72.00 in a research note on Friday, June 2nd. Stifel Nicolaus restated a “buy” rating and set a $97.00 price target (up previously from $95.00) on shares of Analog Devices in a research note on Thursday, June 1st. Drexel Hamilton restated a “buy” rating and set a $105.00 price target on shares of Analog Devices in a research note on Wednesday, August 30th. Finally, Morgan Stanley restated an “overweight” rating and set a $96.00 price target (up previously from $93.00) on shares of Analog Devices in a research note on Thursday, June 1st. Twelve equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $91.85.
Analog Devices (NASDAQ ADI) traded up 1.82% during trading on Thursday, reaching $83.84. 2,923,791 shares of the company’s stock traded hands. Analog Devices has a one year low of $59.54 and a one year high of $90.49. The firm has a market cap of $30.83 billion, a price-to-earnings ratio of 40.90 and a beta of 1.29. The company has a 50 day moving average of $80.06 and a 200 day moving average of $80.17.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Friday, September 8th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Thursday, September 7th. Analog Devices’s payout ratio is 86.12%.
In other news, SVP Margaret K. Seif sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $77.81, for a total transaction of $233,430.00. Following the completion of the transaction, the senior vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $1,587,635.24. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Peter Real sold 4,505 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $80.07, for a total value of $360,715.35. Following the transaction, the senior vice president now directly owns 13,531 shares of the company’s stock, valued at $1,083,427.17. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,686 shares of company stock valued at $5,867,782. Corporate insiders own 1.10% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pathstone Family Office LLC raised its stake in Analog Devices by 75.0% in the 2nd quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock valued at $1,557,000 after purchasing an additional 15 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Analog Devices in the 1st quarter valued at $100,000. Jacobus Wealth Management Inc. acquired a new position in Analog Devices in the 1st quarter valued at $113,000. Heritage Trust Co acquired a new position in Analog Devices in the 1st quarter valued at $114,000. Finally, Guardian Life Insurance Co. of America raised its stake in Analog Devices by 18.9% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,403 shares of the semiconductor company’s stock valued at $115,000 after purchasing an additional 223 shares during the last quarter. 86.72% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION WARNING: “Analog Devices, Inc. (ADI) Expected to Announce Earnings of $1.35 Per Share” was first posted by Daily Political and is the property of of Daily Political. If you are accessing this story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this story can be read at https://www.dailypolitical.com/2017/09/17/analog-devices-inc-adi-expected-to-announce-earnings-of-1-35-per-share.html.
About Analog Devices
Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Analog Devices Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices Inc. and related companies with MarketBeat.com's FREE daily email newsletter.