Avago Technologies (AVGO) Scheduled to Post Quarterly Earnings on Thursday
Avago Technologies (NASDAQ:AVGO) will be issuing its Q314 quarterly earnings data on Thursday, August 28th. Analysts expect the company to announce earnings of $1.05 per share and revenue of $1.34 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
Avago Technologies (NASDAQ:AVGO) last announced its earnings results on Thursday, May 29th. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.76 by $0.09. The company had revenue of $901.00 million for the quarter, compared to the consensus estimate of $679.59 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 24.7% on a year-over-year basis. On average, analysts expect Avago Technologies to post $3.99 EPS for the current fiscal year and $5.27 EPS for the next fiscal year.
Shares of Avago Technologies (NASDAQ:AVGO) opened at 75.955 on Wednesday. Avago Technologies has a 52 week low of $37.90 and a 52 week high of $77.21. The stock’s 50-day moving average is $72.93 and its 200-day moving average is $67.46. The company has a market cap of $19.119 billion and a P/E ratio of 31.86.
AVGO has been the subject of a number of recent research reports. Analysts at MKM Partners raised their price target on shares of Avago Technologies from $75.00 to $84.00 in a research note on Tuesday. They now have a “buy” rating on the stock. On the ratings front, analysts at Zacks downgraded shares of Avago Technologies from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 21st. They now have a $79.00 price target on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of Avago Technologies to $82.00 in a research note on Tuesday, August 19th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Avago Technologies currently has a consensus rating of “Buy” and a consensus target price of $76.11.
Avago Technologies Limited is a designer, developer and global supplier of a range of analog semiconductor devices with a focus on III-V based products.
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