Zacks: Analysts Expect Advanced Micro Devices, Inc. (NASDAQ:AMD) to Post $0.44 EPS


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Wall Street brokerages expect that Advanced Micro Devices, Inc. (NASDAQ:AMD) will announce earnings per share (EPS) of $0.44 for the current fiscal quarter, according to Zacks. Ten analysts have issued estimates for Advanced Micro Devices’ earnings. The lowest EPS estimate is $0.43 and the highest is $0.45. Advanced Micro Devices reported earnings of $0.18 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 144.4%. The firm is scheduled to announce its next earnings results on Tuesday, April 27th.

According to Zacks, analysts expect that Advanced Micro Devices will report full-year earnings of $1.93 per share for the current fiscal year, with EPS estimates ranging from $1.88 to $2.00. For the next year, analysts expect that the company will report earnings of $2.43 per share, with EPS estimates ranging from $2.12 to $2.89. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Advanced Micro Devices.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Monday, January 25th. The semiconductor manufacturer reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.05. Advanced Micro Devices had a return on equity of 33.04% and a net margin of 10.17%. The business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same period in the prior year, the business earned $0.32 EPS. The business’s revenue for the quarter was up 52.5% compared to the same quarter last year.

A number of research analysts have commented on AMD shares. Craig Hallum raised their target price on shares of Advanced Micro Devices from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, January 27th. Rosenblatt Securities boosted their price objective on shares of Advanced Micro Devices from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, January 27th. Deutsche Bank Aktiengesellschaft increased their target price on Advanced Micro Devices from $75.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, December 17th. Cowen boosted their price target on Advanced Micro Devices from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 27th. Finally, Wells Fargo & Company raised their price objective on Advanced Micro Devices from $100.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, December 17th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. Advanced Micro Devices has a consensus rating of “Buy” and a consensus target price of $90.39.

Shares of AMD stock traded down $1.11 on Friday, hitting $81.65. The stock had a trading volume of 409,328 shares, compared to its average volume of 43,446,336. Advanced Micro Devices has a one year low of $48.23 and a one year high of $99.23. The business has a 50 day moving average price of $81.21 and a 200 day moving average price of $85.84. The company has a market cap of $99.17 billion, a PE ratio of 111.84, a P/E/G ratio of 1.14 and a beta of 2.29. The company has a quick ratio of 1.74, a current ratio of 2.28 and a debt-to-equity ratio of 0.10.

In related news, EVP Rick Bergman sold 2,000 shares of the stock in a transaction on Thursday, February 4th. The shares were sold at an average price of $88.29, for a total transaction of $176,580.00. Following the sale, the executive vice president now directly owns 71,891 shares of the company’s stock, valued at $6,347,256.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Forrest Eugene Norrod sold 81,500 shares of the firm’s stock in a transaction on Tuesday, March 16th. The shares were sold at an average price of $84.02, for a total transaction of $6,847,630.00. Following the sale, the senior vice president now owns 377,260 shares in the company, valued at approximately $31,697,385.20. The disclosure for this sale can be found here. In the last three months, insiders sold 165,000 shares of company stock valued at $14,261,410. Insiders own 1.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in AMD. tru Independence LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $19,261,000. McCarthy Asset Management Inc. purchased a new position in Advanced Micro Devices in the 4th quarter valued at about $28,000. Tsfg LLC boosted its holdings in Advanced Micro Devices by 65.8% in the 4th quarter. Tsfg LLC now owns 315 shares of the semiconductor manufacturer’s stock worth $29,000 after buying an additional 125 shares during the last quarter. Oder Investment Management LLC purchased a new stake in Advanced Micro Devices during the 4th quarter worth approximately $30,000. Finally, Sittner & Nelson LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 67.01% of the company’s stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

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Earnings History and Estimates for Advanced Micro Devices (NASDAQ:AMD)

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