Qorvo (QRVO) Scheduled to Post Quarterly Earnings on Tuesday

Qorvo (NASDAQ:QRVO) is scheduled to be announcing its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $1.85 per share for the quarter. Qorvo has set its Q2 guidance at $1.75-1.95 EPS and its Q2 2025 guidance at 1.750-1.950 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Qorvo (NASDAQ:QRVO) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.16. Qorvo had a negative net margin of 0.66% and a positive return on equity of 14.92%. The business had revenue of $886.70 million for the quarter, compared to analysts’ expectations of $851.95 million. During the same period in the previous year, the company earned $0.03 earnings per share. The firm’s revenue for the quarter was up 36.2% compared to the same quarter last year. On average, analysts expect Qorvo to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Qorvo Stock Down 2.2 %

Qorvo stock opened at $102.20 on Tuesday. Qorvo has a fifty-two week low of $80.62 and a fifty-two week high of $130.99. The stock has a market cap of $9.71 billion, a PE ratio of -140.00, a price-to-earnings-growth ratio of 1.26 and a beta of 1.45. The firm’s 50-day simple moving average is $106.19 and its 200 day simple moving average is $108.59. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.36 and a current ratio of 1.95.

Insider Activity

In other news, VP Gina Harrison sold 689 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $107.67, for a total value of $74,184.63. Following the completion of the sale, the vice president now owns 21,601 shares of the company’s stock, valued at approximately $2,325,779.67. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.46% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on QRVO shares. The Goldman Sachs Group boosted their price target on shares of Qorvo from $105.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. StockNews.com lowered shares of Qorvo from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Barclays lowered their price objective on shares of Qorvo from $125.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 10th. Rosenblatt Securities boosted their price target on shares of Qorvo from $105.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, Needham & Company LLC boosted their price target on shares of Qorvo from $110.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Qorvo presently has an average rating of “Hold” and an average price target of $121.29.

Qorvo Company Profile

Qorvo, Inc engages in development and commercialization of technologies and products for wireless, wired, and power markets. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency and power management solutions for automotive, defense and aerospace, cellular infrastructure, broadband, and other markets.