Analysts Estimate Report : What to Look Out for Marvell Technology Group Stock Forecast, Price & News (NASDAQ:MRVL)

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Earnings results for Marvell Technology Group Stock Forecast, Price & News (NASDAQ:MRVL)

Marvell Technology Group Ltd. is expected* to report earnings on 08/27/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 9 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.1. The reported EPS for the same quarter last year was $0.07.

Marvell Technology Group last posted its earnings data on May 28th, 2020. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.04. The company had revenue of $694 million for the quarter, compared to the consensus estimate of $680.19 million. Its revenue for the quarter was up 4.8% on a year-over-year basis. Marvell Technology Group has generated $0.32 earnings per share over the last year and currently has a price-to-earnings ratio of 15.9. Marvell Technology Group has confirmed that its next quarterly earnings report will be published on Thursday, August 27th, 2020.

Analyst Opinion on Marvell Technology Group Stock Forecast, Price & News (NASDAQ:MRVL)

23 Wall Street analysts have issued ratings and price targets for Marvell Technology Group in the last 12 months. Their average twelve-month price target is $35.57, predicting that the stock has a possible downside of 0.11%. The high price target for MRVL is $50.00 and the low price target for MRVL is $18.00. There are currently 1 sell rating, 3 hold ratings and 19 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Marvell Technology Group has received a consensus rating of Buy. The company’s average rating score is 2.78, and is based on 19 buy ratings, 3 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $35.57, Marvell Technology Group has a forecasted downside of 0.1% from its current price of $35.61. Marvell Technology Group has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Marvell Technology Group Stock Forecast, Price & News (NASDAQ:MRVL)

Marvell Technology Group has a dividend yield of 0.68%, which is in the bottom 25% of all stocks that pay dividends. Marvell Technology Group has only been increasing its dividend for 1 years. The dividend payout ratio of Marvell Technology Group is 75.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Marvell Technology Group will have a dividend payout ratio of 23.76% next year. This indicates that Marvell Technology Group will be able to sustain or increase its dividend.

Insiders buying/selling: Marvell Technology Group Stock Forecast, Price & News (NASDAQ:MRVL)

In the past three months, Marvell Technology Group insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,070,335.00 in company stock. Only 0.29% of the stock of Marvell Technology Group is held by insiders. 91.91% of the stock of Marvell Technology Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Marvell Technology Group Stock Forecast, Price & News (NASDAQ:MRVL

Earnings for Marvell Technology Group are expected to grow by 77.19% in the coming year, from $0.57 to $1.01 per share. The P/E ratio of Marvell Technology Group is 15.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.69. The P/E ratio of Marvell Technology Group is 15.90, 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 53.56. Marvell Technology Group has a PEG Ratio of 2.73. PEG Ratios above 1 indicate that a company could be overvalued. Marvell Technology Group has a P/B Ratio of 2.72. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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