Altera Corp. (ALTR) Scheduled to Post Quarterly Earnings on Tuesday
Altera Corp. (NASDAQ:ALTR) is set to issue its quarterly earnings data on Tuesday, October 22nd. Investors that are interested in participating in the company’s conference call can do so using this link.
Altera Corp. (NASDAQ:ALTR) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.31 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.31. The company had revenue of $421.80 million for the quarter, compared to the consensus estimate of $420.90 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was down 9.3% on a year-over-year basis. On average, analysts expect Altera Corp. to post $1.41 EPS for the current fiscal year and $1.78 EPS for the next fiscal year.
Shares of Altera Corp. (NASDAQ:ALTR) opened at 37.48 on Monday. Altera Corp. has a 52 week low of $29.59 and a 52 week high of $39.18. The stock’s 50-day moving average is $37.29 and its 200-day moving average is $34.57. The company has a market cap of $11.974 billion and a price-to-earnings ratio of 24.03.
A number of research firms have recently commented on ALTR. Analysts at Robert W. Baird upgraded shares of Altera Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, August 26th. They now have a $45.00 price target on the stock, up previously from $37.00. They noted that the move was a valuation call. On the ratings front, analysts at Citigroup Inc. upgraded shares of Altera Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, August 26th. They now have a $39.00 price target on the stock, down previously from $41.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Altera Corp. in a research note to investors on Thursday, August 1st. They now have a $37.00 price target on the stock. Fifteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $36.08.
Altera Corporation is a global semiconductor company. The Company designs, manufactures, and markets high-density programmable logic devices (NASDAQ:ALTR), HardCopy ASIC devices, pre-defined design building blocks known as intellectual property (IP) cores, and associated development tools.
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