Brokerages expect Broadcom Inc (NASDAQ:AVGO) to post earnings per share (EPS) of $5.57 for the current quarter, Zacks reports. Ten analysts have provided estimates for Broadcom’s earnings. The lowest EPS estimate is $5.23 and the highest is $5.65. Broadcom reported earnings of $4.59 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 21.4%. The business is expected to report its next earnings results on Wednesday, December 5th.

On average, analysts expect that Broadcom will report full-year earnings of $20.52 per share for the current financial year, with EPS estimates ranging from $20.07 to $20.61. For the next year, analysts anticipate that the business will report earnings of $21.49 per share, with EPS estimates ranging from $19.11 to $22.54. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Broadcom.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, September 6th. The semiconductor manufacturer reported $4.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.82 by $0.16. The company had revenue of $5.06 billion for the quarter, compared to analyst estimates of $5.06 billion. Broadcom had a net margin of 58.18% and a return on equity of 28.54%. The company’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm earned $4.10 earnings per share.

Several equities analysts have recently weighed in on the stock. Sanford C. Bernstein reissued a “buy” rating on shares of Broadcom in a research report on Thursday, July 12th. ValuEngine raised shares of Broadcom from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 25th. Zacks Investment Research lowered shares of Broadcom from a “hold” rating to a “sell” rating in a research report on Wednesday, May 16th. Craig Hallum reaffirmed a “buy” rating and set a $300.00 price target (down from $330.00) on shares of Broadcom in a research report on Friday, September 7th. Finally, Longbow Research lowered shares of Broadcom from a “buy” rating to a “neutral” rating in a research report on Thursday, July 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-eight have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $288.56.

In other Broadcom news, SVP Bryan Ingram sold 10,604 shares of the stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $270.02, for a total transaction of $2,863,292.08. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Hock E. Tan sold 20,000 shares of the stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $204.90, for a total transaction of $4,098,000.00. The disclosure for this sale can be found here. Insiders have sold 110,604 shares of company stock worth $26,335,292 over the last quarter. Corporate insiders own 3.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Massey Quick Simon & CO. LLC acquired a new stake in shares of Broadcom in the 2nd quarter valued at approximately $104,000. Zions Bancorporation acquired a new stake in shares of Broadcom in the 2nd quarter valued at approximately $109,000. MUFG Americas Holdings Corp acquired a new stake in shares of Broadcom in the 2nd quarter valued at approximately $109,000. MUFG Securities EMEA plc acquired a new stake in shares of Broadcom in the 2nd quarter valued at approximately $117,000. Finally, First Personal Financial Services acquired a new stake in shares of Broadcom in the 2nd quarter valued at approximately $126,000. Hedge funds and other institutional investors own 84.35% of the company’s stock.

Shares of AVGO traded up $5.40 during trading hours on Thursday, hitting $235.29. The company had a trading volume of 235,639 shares, compared to its average volume of 3,822,298. The firm has a market capitalization of $100.39 billion, a PE ratio of 16.51, a PEG ratio of 0.97 and a beta of 0.94. Broadcom has a 12 month low of $197.46 and a 12 month high of $285.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.98 and a quick ratio of 3.42.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Wednesday, September 19th will be paid a dividend of $1.75 per share. The ex-dividend date is Tuesday, September 18th. This represents a $7.00 dividend on an annualized basis and a yield of 2.98%. Broadcom’s payout ratio is 48.95%.

Broadcom Company Profile

Broadcom Inc designs, develops, and supplies a range of semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

Featured Story: Outstanding Shares

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

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

Earnings History and Estimates for Broadcom (NASDAQ:AVGO)

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