Texas Instruments Incorporated (TXN) Scheduled to Post Quarterly Earnings on Monday
Texas Instruments Incorporated (NYSE:TXN) is scheduled to be announcing its Q313 earnings results on Monday, October 21st. Analysts expect the company to announce earnings of $0.53 per share and revenue of $3.23 billion for the quarter. Texas Instruments Incorporated has set its Q3 guidance at $0.49-0.57 EPS.
Texas Instruments Incorporated (NYSE:TXN) last issued its quarterly earnings data on Monday, July 22nd. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. On average, analysts expect Texas Instruments Incorporated to post $1.95 EPS for the current fiscal year and $2.24 EPS for the next fiscal year.
Shares of Texas Instruments Incorporated (NYSE:TXN) opened at 40.645 on Friday. Texas Instruments Incorporated has a 1-year low of $27.21 and a 1-year high of $40.94. The stock has a 50-day moving average of $39.98 and a 200-day moving average of $37.55. The company has a market cap of $44.757 billion and a P/E ratio of 22.46.
The company also recently announced a quarterly dividend, which is scheduled for Monday, November 18th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Tuesday, October 29th. This is a boost from Texas Instruments Incorporated’s previous quarterly dividend of $0.28.
TXN has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Texas Instruments Incorporated from $31.00 to $38.00 in a research note to investors on Tuesday. They now have an “equal weight” rating on the stock. On the ratings front, analysts at Susquehanna upgraded shares of Texas Instruments Incorporated from a “negative” rating to a “neutral” rating in a research note to investors on Tuesday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Texas Instruments Incorporated in a research note to investors on Friday, September 27th. They now have a $42.00 price target on the stock. Five equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company. Texas Instruments Incorporated currently has a consensus rating of “Hold” and an average target price of $37.78.
Texas Instruments Inc (NYSE:TXN) designs and makes semiconductors that the Company sells to electronics designers and manufacturers all over the world.
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