Analysts Estimate Report : What to Look Out for Broadcom Stock Forecast, Price & News (NASDAQ:AVGO)

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Earnings results for Broadcom Stock Forecast, Price & News (NASDAQ:AVGO)

Broadcom Inc. is expected* to report earnings on 09/03/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $4.28. The reported EPS for the same quarter last year was $3.99.

Broadcom last announced its quarterly earnings data on June 4th, 2020. The semiconductor manufacturer reported $5.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $5.14. The firm earned $5.74 billion during the quarter, compared to the consensus estimate of $5.69 billion. Its quarterly revenue was up 4.1% compared to the same quarter last year. Broadcom has generated $17.41 earnings per share over the last year and currently has a price-to-earnings ratio of 67.1. Broadcom has confirmed that its next quarterly earnings report will be published on Thursday, September 3rd, 2020.

Analyst Opinion on Broadcom Stock Forecast, Price & News (NASDAQ:AVGO)

33 Wall Street analysts have issued ratings and price targets for Broadcom in the last 12 months. Their average twelve-month price target is $346.61, predicting that the stock has a possible downside of 7.57%. The high price target for AVGO is $400.00 and the low price target for AVGO is $215.00. There are currently 1 sell rating, 4 hold ratings and 28 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Broadcom has received a consensus rating of Buy. The company’s average rating score is 2.82, and is based on 28 buy ratings, 4 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $346.61, Broadcom has a forecasted downside of 7.6% from its current price of $375.01. Broadcom has been the subject of 21 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Broadcom Stock Forecast, Price & News (NASDAQ:AVGO)

Broadcom pays a meaningful dividend of 3.74%, higher than the bottom 25% of all stocks that pay dividends. Broadcom has been increasing its dividend for 9 years. The dividend payout ratio of Broadcom is 74.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Broadcom will have a dividend payout ratio of 64.07% next year. This indicates that Broadcom will be able to sustain or increase its dividend.

Insiders buying/selling: Broadcom Stock Forecast, Price & News (NASDAQ:AVGO)

In the past three months, Broadcom insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $225,863,948.00 in company stock. Only 3.00% of the stock of Broadcom is held by insiders. 81.82% of the stock of Broadcom is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Broadcom Stock Forecast, Price & News (NASDAQ:AVGO

Earnings for Broadcom are expected to grow by 16.14% in the coming year, from $17.47 to $20.29 per share. The P/E ratio of Broadcom is 67.09, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.39. The P/E ratio of Broadcom is 67.09, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 62.74. Broadcom has a PEG Ratio of 1.65. PEG Ratios above 1 indicate that a company could be overvalued. Broadcom has a P/B Ratio of 5.98. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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