Hittite Microwave Corp. (HITT) to Release Quarterly Earnings on Thursday
Hittite Microwave Corp. (NASDAQ:HITT) will issue its Q313 quarterly earnings data on Thursday, October 24th. Analysts expect the company to announce earnings of $0.56 per share and revenue of $67.74 million for the quarter. Hittite Microwave Corp. has set its Q3 guidance at $0.54-0.57 EPS.
Hittite Microwave Corp. (NASDAQ:HITT) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.57 by $0.01. The company had revenue of $68.61 million for the quarter, compared to the consensus estimate of $67.77 million. During the same quarter last year, the company posted $0.54 earnings per share. Hittite Microwave Corp.’s revenue was up 4.9% compared to the same quarter last year. On average, analysts expect Hittite Microwave Corp. to post $2.28 EPS for the current fiscal year and $2.61 EPS for the next fiscal year.
Hittite Microwave Corp. (NASDAQ:HITT) opened at 65.36 on Wednesday. Hittite Microwave Corp. has a 52-week low of $50.73 and a 52-week high of $66.97. The stock’s 50-day moving average is $62.07 and its 200-day moving average is $59.04. The company has a market cap of $2.000 billion and a price-to-earnings ratio of 28.54.
A number of research firms have recently commented on HITT. Analysts at Zacks upgraded shares of Hittite Microwave Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, October 18th. They now have a $66.60 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Hittite Microwave Corp. from $72.00 to $75.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock.
Hittite Microwave Corporation designs and develops integrated circuits (NASDAQ:HITT), modules, subsystems and instrumentation for radio frequency (RF) microwave and millimeterwave applications.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.