Zacks: Analysts Anticipate Analog Devices, Inc. (ADI) Will Announce Earnings of $1.30 Per Share

Analysts expect that Analog Devices, Inc. (NASDAQ:ADI) will report earnings per share (EPS) of $1.30 for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Analog Devices’ earnings. Analog Devices posted earnings of $1.45 per share in the same quarter last year, which would suggest a negative year over year growth rate of 10.3%. The firm is expected to issue its next quarterly earnings results before the market opens on Wednesday, May 22nd.

According to Zacks, analysts expect that Analog Devices will report full-year earnings of $5.47 per share for the current fiscal year, with EPS estimates ranging from $5.38 to $5.60. For the next financial year, analysts expect that the company will post earnings of $5.98 per share, with EPS estimates ranging from $5.77 to $6.51. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Analog Devices.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, February 20th. The semiconductor company reported $1.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.05. Analog Devices had a return on equity of 19.99% and a net margin of 25.42%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the business posted $1.42 EPS. Analog Devices’s revenue for the quarter was down 1.6% on a year-over-year basis.

Several brokerages recently issued reports on ADI. BidaskClub lowered Analog Devices from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $140.00 target price on shares of Analog Devices in a research report on Tuesday, April 30th. Zacks Investment Research lowered Analog Devices from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Robert W. Baird reaffirmed a “buy” rating and set a $100.00 target price on shares of Analog Devices in a research report on Wednesday, February 20th. Finally, Sanford C. Bernstein lowered Analog Devices from an “outperform” rating to a “market perform” rating and set a $106.00 target price for the company. in a research report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. Analog Devices currently has a consensus rating of “Hold” and a consensus target price of $105.67.

NASDAQ:ADI traded down $3.87 during trading hours on Friday, hitting $100.83. 5,451,359 shares of the company were exchanged, compared to its average volume of 2,810,718. The firm has a market cap of $37.14 billion, a P/E ratio of 16.97, a P/E/G ratio of 1.54 and a beta of 1.27. The company has a quick ratio of 1.64, a current ratio of 2.34 and a debt-to-equity ratio of 0.54. Analog Devices has a one year low of $76.62 and a one year high of $118.54.

In related news, SVP Margaret K. Seif sold 10,000 shares of the business’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $105.60, for a total value of $1,056,000.00. Following the completion of the sale, the senior vice president now directly owns 13,517 shares of the company’s stock, valued at approximately $1,427,395.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Martin Cotter sold 680 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $109.62, for a total value of $74,541.60. Following the completion of the sale, the senior vice president now directly owns 173 shares of the company’s stock, valued at $18,964.26. The disclosure for this sale can be found here. Over the last three months, insiders sold 112,120 shares of company stock valued at $12,114,745. Corporate insiders own 0.50% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Stratos Wealth Partners LTD. boosted its stake in Analog Devices by 1.4% during the 1st quarter. Stratos Wealth Partners LTD. now owns 6,485 shares of the semiconductor company’s stock valued at $683,000 after purchasing an additional 89 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Analog Devices by 7.8% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,251 shares of the semiconductor company’s stock valued at $132,000 after purchasing an additional 90 shares during the last quarter. Berman Capital Advisors LLC boosted its stake in Analog Devices by 43.8% during the 1st quarter. Berman Capital Advisors LLC now owns 299 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 91 shares during the last quarter. Kaizen Advisory LLC boosted its stake in Analog Devices by 11.7% during the 4th quarter. Kaizen Advisory LLC now owns 1,023 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 107 shares during the last quarter. Finally, CWM LLC boosted its stake in Analog Devices by 9.9% during the 1st quarter. CWM LLC now owns 1,224 shares of the semiconductor company’s stock valued at $129,000 after purchasing an additional 110 shares during the last quarter. 91.21% of the stock is owned by institutional investors and hedge funds.

About Analog Devices

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

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Earnings History and Estimates for Analog Devices (NASDAQ:ADI)

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