Qorvo (QRVO) Projected to Post Quarterly Earnings on Tuesday

Qorvo (NASDAQ:QRVO) will likely be releasing its earnings data after the market closes on Tuesday, January 28th. Analysts expect Qorvo to post earnings of $1.21 per share and revenue of $910,833.14 billion for the quarter. Qorvo has set its Q3 guidance at $1.10-1.30 EPS and its Q3 2025 guidance at 1.100-1.300 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Qorvo (NASDAQ:QRVO) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.03. Qorvo had a negative net margin of 3.58% and a positive return on equity of 13.81%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the business earned $1.99 EPS. Qorvo’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, analysts expect Qorvo to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Qorvo Trading Down 1.8 %

NASDAQ:QRVO opened at $88.94 on Friday. The firm has a market capitalization of $8.41 billion, a P/E ratio of -60.92, a PEG ratio of 6.98 and a beta of 1.40. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.90 and a quick ratio of 1.38. Qorvo has a one year low of $64.54 and a one year high of $130.99. The company’s 50-day simple moving average is $72.18 and its 200 day simple moving average is $92.61.

Insider Buying and Selling

In other Qorvo news, SVP Philip Chesley sold 4,045 shares of Qorvo stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $70.15, for a total transaction of $283,756.75. Following the transaction, the senior vice president now owns 30,261 shares of the company’s stock, valued at $2,122,809.15. The trade was a 11.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

QRVO has been the topic of a number of analyst reports. StockNews.com cut Qorvo from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Bank of America dropped their target price on Qorvo from $115.00 to $80.00 and set an “underperform” rating on the stock in a report on Wednesday, October 30th. Morgan Stanley upgraded Qorvo from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $90.00 to $106.00 in a report on Tuesday, January 21st. TD Cowen dropped their price target on shares of Qorvo from $125.00 to $85.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Finally, Needham & Company LLC started coverage on shares of Qorvo in a research note on Monday, October 28th. They set a “buy” rating and a $135.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $98.24.

About Qorvo

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.