Analog Devices (NASDAQ:ADI) Issues Q2 2020 Pre-Market Earnings Guidance

Analog Devices (NASDAQ:ADI) issued an update on its second quarter 2020
Pre-Market earnings guidance on Wednesday morning. The company provided EPS guidance of 1.02-1.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.13. The company issued revenue guidance of $850M – 1.85 billion, compared to the consensus revenue estimate of $1.38 billion.Analog Devices also updated its Q2 guidance to $1.02-$1.18 EPS.

ADI traded up $0.66 during midday trading on Thursday, reaching $124.55. The company had a trading volume of 3,062,435 shares, compared to its average volume of 2,183,816. The business has a 50-day moving average price of $116.96 and a two-hundred day moving average price of $113.48. Analog Devices has a 12-month low of $95.51 and a 12-month high of $127.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.91 and a current ratio of 1.32. The stock has a market cap of $43.75 billion, a PE ratio of 34.22, a P/E/G ratio of 2.01 and a beta of 1.42.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.03. Analog Devices had a net margin of 22.75% and a return on equity of 16.39%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the firm posted $1.33 earnings per share. The company’s quarterly revenue was down 15.6% compared to the same quarter last year. On average, research analysts anticipate that Analog Devices will post 4.76 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Tuesday, March 10th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 1.99%. Analog Devices’s dividend payout ratio (DPR) is presently 41.94%.

A number of analysts recently weighed in on ADI shares. SunTrust Banks upped their target price on shares of Analog Devices from $141.00 to $148.00 and gave the stock a buy rating in a report on Thursday. Cfra reaffirmed a hold rating and set a $125.00 target price on shares of Analog Devices in a report on Thursday. Robert W. Baird upped their target price on shares of Analog Devices from $120.00 to $135.00 and gave the stock an outperform rating in a report on Thursday. Loop Capital upped their target price on shares of Analog Devices from $125.00 to $130.00 and gave the stock a positive rating in a report on Friday, November 29th. They noted that the move was a valuation call. Finally, BMO Capital Markets increased their price target on shares of Analog Devices to $135.00 and gave the stock an outperform rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $127.95.

In other news, Director Kenton J. Sicchitano sold 11,860 shares of the business’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $120.96, for a total value of $1,434,585.60. Following the transaction, the director now owns 34,255 shares of the company’s stock, valued at $4,143,484.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $110.05, for a total value of $1,100,500.00. Following the completion of the transaction, the chief executive officer now directly owns 31,206 shares in the company, valued at approximately $3,434,220.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 94,320 shares of company stock worth $11,186,087. 0.42% of the stock is currently owned by corporate insiders.

About Analog Devices

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

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Earnings History and Estimates for Analog Devices (NASDAQ:ADI)

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