Analog Devices, Inc. (NASDAQ:ADI) manufacturer of mixed and digital singal processing, is expected to report fourth quarter earnings results, before market open, on Tuesday 24th November 2020.
Analysts polled by Thomson Reuters anticipate fourth quarter income of $ 1.32 per share.
Looking ahead, the full year income are expected at $ 4.79 per share on the revenues of $ 5522.63 million.
The Company Outlook
Earnings for 4Q20 are anticipated in a range of $ 1.22 ~ $ 1.42 per share, while revenues are expected in a range of $ 1,370.00 million ~ $ 1,510.00 million
Click Here For More Historical Outlooks Of Analog Devices, Inc.
Previous Quarter Performance
Analog Devices, Inc. posted income for the third quarter of $ 1.36 per share, from the revenue of $ 1,456.00 million. The quarterly earnings increased 14.29 percent while revenues grew 0.89 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.27 per share from $ 1421.75 million in revenue. The bottom line results beat street analysts by $ 0.09 or 7.09 percent, at the same time, top line results outshined analysts by $ 34.25 million or 2.41 percent.
Stock Performance
Shares of Analog Devices, Inc. traded up $ 2.19 or 1.62 percent on Monday, reaching $ 137.07 with volume of 2.78 million shares. Analog Devices, Inc. has traded high as $ 137.34 and has cracked $ 135.18 on the downward trend
According to the previous trading day, closing price of $ 137.07, representing a 70.56 % increase from the 52 week low of $ 79.08 and a 3.92 % decrease over the 52 week high of $ 140.38.
The company has a market capital of $ 50.66 billion and is part of the Technology sector and Semiconductors industry.
Recent Analyst recommendations
- On 29th September 2020, maintained by KeyBanc at Overweight rating, with $ 150.00 target price.
Recent Stock Dividend Announcement
On August 19, 2020, the board of directors authorized quarterly dividend of $ 0.62 per share to holders of record as of the close of business on August 28, 2020, with payment date of September 9, 2020 and ex-dividend date on August 27, 2020.
Conference Call
Analog Devices, Inc. will be hosting a conference call at 10:00 AM eastern time on 24th November 2020, to discuss its 4Q20 financial results with the investment community. The participants may dial, (800) 859-9560 U.S. or (706) 634-7193 Outside U.S. in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.analog.com
Analog Devices, Inc. designs, manufactures, and markets integrated circuits (ICs), algorithms, software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency and microwave ICs to support cellular infrastructure.
