Earnings results for Analog Devices Stock Forecast, Price & News (NASDAQ:ADI)
Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJul 2020 , the consensus EPS* forecast has remained the same over the past week at 1.33 and remained the same over the past month at 1.33. none raised and none lowered their forecast. For the fiscal year ending Oct 2020 , the consensus EPS* forecast has increased over the past week from 4.65 to 4.68(0.65%) and remained the same over the past month at 4.65 . Of the 1 analysts making yearly forecasts, 1raised and none lowered their forecast.
Analog Devices last posted its quarterly earnings data on May 20th, 2020. The semiconductor company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.05 by $0.03. The business earned $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. Its revenue was down 13.7% on a year-over-year basis. Analog Devices has generated $5.15 earnings per share over the last year and currently has a price-to-earnings ratio of 39.6. Analog Devices has confirmed that its next quarterly earnings report will be published on Wednesday, August 19th, 2020.
Analyst Opinion on Analog Devices Stock Forecast, Price & News (NASDAQ:ADI)
21 Wall Street analysts have issued ratings and price targets for Analog Devices in the last 12 months. Their average twelve-month price target is $125.38, predicting that the stock has a possible upside of 6.36%. The high price target for ADI is $155.00 and the low price target for ADI is $90.00. There are currently 8 hold ratings and 13 buy ratings for the stock, resulting in a consensus rating of “Buy.”
Analog Devices has received a consensus rating of Buy. The company’s average rating score is 2.62, and is based on 13 buy ratings, 8 hold ratings, and no sell ratings. According to analysts’ consensus price target of $125.38, Analog Devices has a forecasted upside of 6.4% from its current price of $117.88. Analog Devices has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Dividend Strength: Analog Devices Stock Forecast, Price & News (NASDAQ:ADI)
Analog Devices pays a meaningful dividend of 2.11%, higher than the bottom 25% of all stocks that pay dividends. Analog Devices has only been increasing its dividend for 1 years. The dividend payout ratio of Analog Devices is 48.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Analog Devices will have a dividend payout ratio of 44.93% next year. This indicates that Analog Devices will be able to sustain or increase its dividend.
Insiders buying/selling: Analog Devices Stock Forecast, Price & News (NASDAQ:ADI)
In the past three months, Analog Devices insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,661,769.00 in company stock. Only 0.42% of the stock of Analog Devices is held by insiders. 85.36% of the stock of Analog Devices is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Analog Devices Stock Forecast, Price & News (NASDAQ:ADI
Earnings for Analog Devices are expected to grow by 17.95% in the coming year, from $4.68 to $5.52 per share. The P/E ratio of Analog Devices is 39.56, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.32. The P/E ratio of Analog Devices is 39.56, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.05. Analog Devices has a PEG Ratio of 1.88. PEG Ratios above 1 indicate that a company could be overvalued. Analog Devices has a P/B Ratio of 3.71. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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