Analysts predict that QUALCOMM, Inc. (NASDAQ:QCOM) will report sales of $5.20 billion for the current fiscal quarter, Zacks reports. Five analysts have made estimates for QUALCOMM’s earnings, with the lowest sales estimate coming in at $5.18 billion and the highest estimate coming in at $5.20 billion. QUALCOMM reported sales of $5.02 billion in the same quarter last year, which indicates a positive year over year growth rate of 3.6%. The company is expected to announce its next quarterly earnings report on Wednesday, April 18th.
On average, analysts expect that QUALCOMM will report full-year sales of $5.20 billion for the current year, with estimates ranging from $22.02 billion to $22.72 billion. For the next financial year, analysts expect that the firm will report sales of $23.03 billion per share, with estimates ranging from $21.49 billion to $24.46 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover QUALCOMM.
QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.07. QUALCOMM had a positive return on equity of 18.10% and a negative net margin of 18.65%. The firm had revenue of $6.10 billion for the quarter, compared to analyst estimates of $5.93 billion. During the same quarter in the previous year, the company posted $1.19 EPS. The business’s revenue was up 1.7% on a year-over-year basis.
In other news, EVP Matthew S. Grob sold 43,000 shares of the firm’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $65.35, for a total value of $2,810,050.00. Following the completion of the transaction, the executive vice president now directly owns 43,000 shares of the company’s stock, valued at $2,810,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alexander H. Rogers sold 713 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $68.20, for a total value of $48,626.60. Following the completion of the sale, the executive vice president now owns 10,403 shares in the company, valued at approximately $709,484.60. The disclosure for this sale can be found here. Insiders sold 53,346 shares of company stock valued at $3,499,504 over the last ninety days. Corporate insiders own 0.17% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. United Asset Strategies Inc. bought a new position in QUALCOMM in the 2nd quarter worth $5,249,000. Wrapmanager Inc. bought a new position in QUALCOMM in the 3rd quarter worth $369,000. Conning Inc. boosted its holdings in QUALCOMM by 16.4% in the 3rd quarter. Conning Inc. now owns 719,378 shares of the wireless technology company’s stock worth $37,293,000 after buying an additional 101,483 shares during the period. Stephens Inc. AR boosted its holdings in QUALCOMM by 10.8% in the 2nd quarter. Stephens Inc. AR now owns 115,483 shares of the wireless technology company’s stock worth $6,377,000 after buying an additional 11,232 shares during the period. Finally, Ffcm LLC boosted its holdings in shares of QUALCOMM by 44.7% during the 3rd quarter. Ffcm LLC now owns 101,475 shares of the wireless technology company’s stock valued at $5,261,000 after purchasing an additional 31,326 shares during the last quarter. Institutional investors own 76.16% of the company’s stock.
QUALCOMM (NASDAQ:QCOM) traded down $1.46 during mid-day trading on Thursday, reaching $63.58. The company had a trading volume of 3,222,548 shares, compared to its average volume of 10,653,048. QUALCOMM has a fifty-two week low of $48.92 and a fifty-two week high of $69.28. The company has a current ratio of 3.41, a quick ratio of 3.25 and a debt-to-equity ratio of 0.81. The firm has a market cap of $96,280.00, a P/E ratio of -22.55, a P/E/G ratio of 2.00 and a beta of 1.38.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, February 28th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Tuesday, February 27th. QUALCOMM’s payout ratio is currently -80.57%.
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QUALCOMM Company Profile
QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications.
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