Equities research analysts predict that QUALCOMM, Inc. (NASDAQ:QCOM) will post $5.20 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for QUALCOMM’s earnings, with estimates ranging from $5.18 billion to $5.20 billion. QUALCOMM reported sales of $5.02 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 3.6%. The business is scheduled to report its next earnings results on Wednesday, April 18th.
According to Zacks, 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 company will post sales of $23.03 billion per share, with estimates ranging from $21.49 billion to $24.46 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow QUALCOMM.
QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.07. The business had revenue of $6.10 billion for the quarter, compared to analyst estimates of $5.93 billion. QUALCOMM had a positive return on equity of 18.10% and a negative net margin of 18.65%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.19 earnings per share.
In related news, EVP Michelle M. Sterling sold 7,840 shares of QUALCOMM stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $66.56, for a total transaction of $521,830.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Matthew S. Grob sold 43,000 shares of QUALCOMM stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $65.35, for a total value of $2,810,050.00. Following the sale, the executive vice president now directly owns 43,000 shares of the company’s stock, valued at approximately $2,810,050. The disclosure for this sale can be found here. Insiders have sold 53,346 shares of company stock valued at $3,499,504 in the last three months. 0.17% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Gradient Investments LLC purchased a new stake in QUALCOMM during the fourth quarter valued at about $120,000. Cerebellum GP LLC purchased a new stake in QUALCOMM during the fourth quarter valued at about $126,000. Westwood Holdings Group Inc. purchased a new stake in QUALCOMM during the second quarter valued at about $114,000. Krilogy Financial LLC raised its position in QUALCOMM by 47.0% during the second quarter. Krilogy Financial LLC now owns 2,331 shares of the wireless technology company’s stock valued at $129,000 after purchasing an additional 745 shares in the last quarter. Finally, Capstone Investment Advisors Netherlands B.V. purchased a new stake in QUALCOMM during the second quarter valued at about $141,000. 76.16% of the stock is owned by institutional investors.
Shares of QUALCOMM (NASDAQ QCOM) traded down $1.46 during trading on Thursday, hitting $63.58. The stock had a trading volume of 3,222,548 shares, compared to its average volume of 10,653,048. The stock has a market capitalization of $96,280.00, a P/E ratio of -22.55, a PEG ratio of 2.00 and a beta of 1.38. QUALCOMM has a 12-month low of $48.92 and a 12-month high of $69.28. The company has a current ratio of 3.41, a quick ratio of 3.25 and a debt-to-equity ratio of 0.81.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, February 28th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Tuesday, February 27th. QUALCOMM’s dividend payout ratio is -80.57%.
QUALCOMM Company Profile
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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