Broadcom (AVGO) to Release Earnings on Thursday

Broadcom (NASDAQ:AVGO) will post its quarterly earnings results after the market closes on Thursday, December 6th. Analysts expect Broadcom to post earnings of $4.91 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Thursday, September 6th. The semiconductor manufacturer reported $4.98 EPS for the quarter, topping analysts’ consensus estimates of $4.82 by $0.16. The company had revenue of $5.06 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Broadcom had a net margin of 58.18% and a return on equity of 28.54%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the company earned $4.10 EPS. On average, analysts expect Broadcom to post $18 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Shares of NASDAQ:AVGO opened at $242.07 on Tuesday. The firm has a market capitalization of $98.16 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 0.94 and a beta of 1.02. Broadcom has a 52 week low of $197.46 and a 52 week high of $275.70. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.42 and a current ratio of 3.98.

A number of equities analysts recently commented on the stock. Deutsche Bank decreased their target price on shares of Broadcom from $310.00 to $300.00 and set a “buy” rating on the stock in a research report on Monday. B. Riley upgraded shares of Broadcom from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $250.00 to $300.00 in a research report on Monday. Wells Fargo & Co reiterated a “market perform” rating and issued a $265.00 target price on shares of Broadcom in a research report on Wednesday, November 28th. Morgan Stanley reiterated an “equal weight” rating and issued a $260.00 target price on shares of Broadcom in a research report on Wednesday, November 28th. Finally, BidaskClub upgraded shares of Broadcom from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 28th. Nine equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $288.83.

In other news, insider Kirsten M. Spears sold 1,194 shares of Broadcom stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $246.52, for a total transaction of $294,344.88. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Hock E. Tan sold 20,000 shares of Broadcom stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $238.62, for a total transaction of $4,772,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 61,194 shares of company stock worth $14,266,145 in the last ninety days. Insiders own 3.30% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Broadcom (AVGO) to Release Earnings on Thursday” was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another site, it was stolen and republished in violation of US and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.com-unik.info/2018/12/04/broadcom-avgo-to-release-earnings-on-thursday.html.

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: Find a Trading Strategy That Works

Earnings History 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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit