$0.70 EPS Expected for QUALCOMM, Inc. (QCOM) This Quarter

Wall Street analysts expect that QUALCOMM, Inc. (NASDAQ:QCOM) will announce earnings of $0.70 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for QUALCOMM’s earnings. The highest EPS estimate is $0.72 and the lowest is $0.65. QUALCOMM reported earnings of $1.34 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 47.8%. The company is scheduled to issue its next earnings results after the market closes on Wednesday, April 25th.

On average, analysts expect that QUALCOMM will report full year earnings of $3.35 per share for the current fiscal year, with EPS estimates ranging from $3.15 to $3.57. For the next financial year, analysts expect that the firm will report earnings of $3.77 per share, with EPS estimates ranging from $3.17 to $4.34. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for QUALCOMM.

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QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 during the quarter, compared to analyst estimates of $5.93 billion. During the same period last year, the company earned $1.19 EPS. QUALCOMM’s quarterly revenue was up 1.7% compared to the same quarter last year.

A number of equities research analysts have weighed in on the company. Vetr raised QUALCOMM from a “buy” rating to a “strong-buy” rating and set a $76.13 target price for the company in a research report on Tuesday, January 2nd. Nomura raised QUALCOMM from a “neutral” rating to a “buy” rating and lifted their target price for the company from $58.00 to $75.00 in a research report on Tuesday, January 16th. ValuEngine lowered QUALCOMM from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Mizuho reaffirmed a “buy” rating and set a $75.00 target price (up from $65.00) on shares of QUALCOMM in a research report on Wednesday, January 17th. Finally, Macquarie lifted their target price on QUALCOMM from $55.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $66.06.

Shares of QCOM stock traded down $1.14 on Friday, reaching $51.43. 11,701,601 shares of the company’s stock were exchanged, compared to its average volume of 12,552,397. QUALCOMM has a 52 week low of $48.92 and a 52 week high of $69.28. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.25 and a current ratio of 3.41. The firm has a market capitalization of $81,760.45, a P/E ratio of 13.61, a P/E/G ratio of 1.72 and a beta of 1.44.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 20th. Investors of record on Wednesday, May 30th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 4.82%. This is an increase from QUALCOMM’s previous quarterly dividend of $0.57. The ex-dividend date is Tuesday, May 29th. QUALCOMM’s payout ratio is 60.32%.

In related news, EVP Alexander H. Rogers sold 663 shares of the business’s stock in a transaction on Tuesday, March 27th. The stock was sold at an average price of $56.59, for a total transaction of $37,519.17. Following the transaction, the executive vice president now directly owns 8,794 shares in the company, valued at approximately $497,652.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP James H. Thompson sold 50,126 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $62.66, for a total value of $3,140,895.16. Following the transaction, the executive vice president now owns 136,482 shares in the company, valued at $8,551,962.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,682 shares of company stock worth $3,306,030. 0.17% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Wrapmanager Inc. purchased a new stake in QUALCOMM during the 3rd quarter valued at about $369,000. Garde Capital Inc. grew its stake in QUALCOMM by 77.8% during the 3rd quarter. Garde Capital Inc. now owns 17,252 shares of the wireless technology company’s stock valued at $894,000 after purchasing an additional 7,547 shares during the last quarter. Conning Inc. grew its stake in QUALCOMM by 16.4% during the 3rd quarter. Conning Inc. now owns 719,378 shares of the wireless technology company’s stock valued at $37,293,000 after purchasing an additional 101,483 shares during the last quarter. Global Financial Private Capital LLC grew its stake in QUALCOMM by 8.1% during the 4th quarter. Global Financial Private Capital LLC now owns 39,953 shares of the wireless technology company’s stock valued at $2,558,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Ffcm LLC grew its stake in 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. Hedge funds and other institutional investors own 78.00% of the company’s stock.

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About QUALCOMM

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.

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