Analog Devices (ADI) Releases Q3 Earnings Guidance

Analog Devices (NASDAQ:ADI) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.15-1.29 for the period, compared to the Thomson Reuters consensus estimate of $1.38. The company issued revenue guidance of $1.4-1.5 billion, compared to the consensus revenue estimate of $1.56 billion.Analog Devices also updated its Q3 2019 guidance to $1.15-1.29 EPS.

NASDAQ ADI opened at $101.78 on Wednesday. Analog Devices has a one year low of $76.62 and a one year high of $118.54. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.34 and a quick ratio of 1.64. The firm has a market capitalization of $35.91 billion, a P/E ratio of 17.13, a PEG ratio of 1.49 and a beta of 1.27.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, February 20th. The semiconductor company reported $1.33 EPS 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 firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the company earned $1.42 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. On average, sell-side analysts forecast that Analog Devices will post 5.47 earnings per share for the current year.

Several research analysts recently commented on ADI shares. Zacks Investment Research raised Analog Devices from a sell rating to a hold rating in a research note on Thursday, January 24th. ValuEngine raised Analog Devices from a hold rating to a buy rating in a research note on Friday, January 25th. BidaskClub raised Analog Devices from a buy rating to a strong-buy rating in a research note on Wednesday, January 30th. Piper Jaffray Companies reissued an outperform rating and issued a $112.00 price objective on shares of Analog Devices in a research note on Friday, February 1st. Finally, Bank of America raised Analog Devices from a neutral rating to a buy rating and increased their price objective for the company from $96.00 to $125.00 in a research note on Monday, February 11th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $105.67.

In other Analog Devices news, Director Ray Stata sold 10,000 shares of the company’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $107.54, for a total value of $1,075,400.00. Following the completion of the sale, the director now directly owns 151,936 shares in the company, valued at approximately $16,339,197.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James Champy sold 7,210 shares of the company’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $105.31, for a total value of $759,285.10. Following the completion of the sale, the director now owns 20,130 shares of the company’s stock, valued at $2,119,890.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 112,120 shares of company stock valued at $12,114,745. 0.50% of the stock is owned by company insiders.

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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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