Linear Technology Corp. (LLTC) Scheduled to Post Quarterly Earnings on Wednesday
Linear Technology Corp. (NASDAQ:LLTC) is scheduled to issue its Q214 quarterly earnings data on Wednesday, October 16th. Analysts expect the company to announce earnings of $0.46 per share and revenue of $339.26 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
Linear Technology Corp. (NASDAQ:LLTC) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The company had revenue of $327.30 million for the quarter, compared to the consensus estimate of $323.20 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, analysts expect Linear Technology Corp. to post $1.99 EPS for the current fiscal year and $2.36 EPS for the next fiscal year.
Shares of Linear Technology Corp. (NASDAQ:LLTC) opened at 40.01 on Tuesday. Linear Technology Corp. has a 52 week low of $30.79 and a 52 week high of $42.82. The stock’s 50-day moving average is $39.55 and its 200-day moving average is $38.2. The company has a market cap of $9.330 billion and a price-to-earnings ratio of 23.20.
A number of analysts have recently weighed in on LLTC shares. Analysts at Morgan Stanley upgraded shares of Linear Technology Corp. from an “equal weight” rating to an “overweight” rating in a research note to investors on Friday, August 16th. On a related note, analysts at UBS AG downgraded shares of Linear Technology Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Friday, August 2nd. They now have a $40.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Linear Technology Corp. in a research note to investors on Monday, July 29th. They now have a $44.00 price target on the stock, up previously from $38.00. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $38.14.
Linear Technology Corporation (NASDAQ:LLTC) designs, manufactures and markets a line of linear analog integrated circuits for companies worldwide.
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