Earnings Report: Here’s what to expect from Xilinx (NASDAQ:XLNX)

Earnings results for Xilinx (NASDAQ:XLNX)

Xilinx, Inc. is expected* to report earnings on 05/04/2021 after market close. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 7 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.75. The reported EPS for the same quarter last year was $0.78.

Xilinx last announced its quarterly earnings results on January 27th, 2021. The programmable devices maker reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.09. The business had revenue of $803.40 million for the quarter, compared to analyst estimates of $776.28 million. Its revenue for the quarter was up 11.0% compared to the same quarter last year. Xilinx has generated $3.35 earnings per share over the last year and currently has a price-to-earnings ratio of 50.0. Xilinx has confirmed that its next quarterly earnings report will be published on Tuesday, May 4th, 2021.

Analyst Opinion on Xilinx (NASDAQ:XLNX)

16 Wall Street analysts have issued ratings and price targets for Xilinx in the last 12 months. Their average twelve-month price target is $128.50, predicting that the stock has a possible upside of 0.42%. The high price target for XLNX is $155.00 and the low price target for XLNX is $90.00. There are currently 1 sell rating, 12 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Xilinx has received a consensus rating of Hold. The company’s average rating score is 2.13, and is based on 3 buy ratings, 12 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $128.50, Xilinx has a forecasted upside of 0.4% from its current price of $127.96. Xilinx has received no research coverage in the past 90 days.

Dividend Strength: Xilinx (NASDAQ:XLNX)

Xilinx does not currently pay a dividend. Xilinx has been increasing its dividend for 9 years.

Insiders buying/selling: Xilinx (NASDAQ:XLNX)

In the past three months, Xilinx insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $885,304.00 in company stock. Only 0.20% of the stock of Xilinx is held by insiders. 84.50% of the stock of Xilinx is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Xilinx (NASDAQ:XLNX

Earnings for Xilinx are expected to grow by 19.24% in the coming year, from $2.91 to $3.47 per share. The P/E ratio of Xilinx is 49.98, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.00. The P/E ratio of Xilinx is 49.98, 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 67.88. Xilinx has a PEG Ratio of 4.45. PEG Ratios above 1 indicate that a company could be overvalued. Xilinx has a P/B Ratio of 13.48. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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