Adeia (ADEA) Set to Announce Earnings on Thursday

Adeia (NASDAQ:ADEA) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Adeia has set its FY 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Adeia (NASDAQ:ADEA) last issued its earnings results on Tuesday, August 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03. Adeia had a net margin of 12.87% and a return on equity of 33.28%. The business had revenue of $87.35 million during the quarter, compared to analysts’ expectations of $83.74 million.

Adeia Trading Down 0.5 %

NASDAQ:ADEA opened at $12.68 on Thursday. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 31.70 and a beta of 1.45. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 1.42. The company’s 50 day moving average price is $12.02 and its 200-day moving average price is $11.43. Adeia has a 52 week low of $8.28 and a 52 week high of $13.39.

Analysts Set New Price Targets

Separately, BWS Financial reiterated a “buy” rating and set a $16.00 target price on shares of Adeia in a research note on Thursday, September 26th.

Adeia Company Profile

Adeia Inc, together with its subsidiaries, operates as a media and semiconductor intellectual property licensing company in the United States, Canada, Asia, Europe, the Middle East, and internationally. The company licenses its patent portfolios across various markets, including multichannel video programming distributors comprising cable, satellite, and telecommunications television providers that aggregate and distribute linear content over networks, as well as television providers that aggregate and stream linear content over broadband networks; over-the-top video service providers and social media companies, such as subscription video-on-demand and advertising-supported streaming service providers, as well as content providers, networks, and media companies.