Cirrus Logic (CRUS) to Release Quarterly Earnings on Monday

Cirrus Logic (NASDAQ:CRUS) will be announcing its earnings results after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $1.72 per share for the quarter. Cirrus Logic has set its Q2 2025 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

Cirrus Logic (NASDAQ:CRUS) last released its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.50. Cirrus Logic had a return on equity of 17.42% and a net margin of 16.31%. The firm had revenue of $374.03 million for the quarter, compared to analyst estimates of $318.41 million. During the same quarter last year, the company posted $0.35 earnings per share. The business’s revenue was up 18.0% on a year-over-year basis. On average, analysts expect Cirrus Logic to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Cirrus Logic Stock Up 0.4 %

NASDAQ CRUS opened at $110.30 on Friday. Cirrus Logic has a 52-week low of $65.08 and a 52-week high of $147.46. The business’s 50-day moving average price is $126.31 and its 200 day moving average price is $121.39. The firm has a market cap of $5.89 billion, a P/E ratio of 20.39 and a beta of 0.96.

Insider Buying and Selling

In related news, VP Andrew Brannan sold 4,350 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $136.04, for a total transaction of $591,774.00. Following the completion of the sale, the vice president now directly owns 4,004 shares of the company’s stock, valued at approximately $544,704.16. 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 the SEC website. In other news, SVP Justin E. Dougherty sold 10,203 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $131.71, for a total transaction of $1,343,837.13. Following the transaction, the senior vice president now owns 4,838 shares of the company’s stock, valued at approximately $637,212.98. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Andrew Brannan sold 4,350 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $136.04, for a total transaction of $591,774.00. Following the transaction, the vice president now directly owns 4,004 shares in the company, valued at $544,704.16. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CRUS shares. KeyCorp boosted their price target on Cirrus Logic from $155.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Stifel Nicolaus boosted their price target on Cirrus Logic from $110.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. StockNews.com lowered Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 9th. Barclays lowered Cirrus Logic from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $140.00 to $120.00 in a research note on Thursday, October 10th. Finally, Susquehanna decreased their price target on Cirrus Logic from $175.00 to $160.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.00.

About Cirrus Logic

Cirrus Logic, Inc, a fabless semiconductor company, develops low-power high-precision mixed-signal processing solutions in China, the United States, and internationally. The company offers audio products, including amplifiers; codecs components that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single integrated circuit (IC); smart codecs, a codec with integrated digital signal processing; standalone digital signal processors; and SoundClear technology, which consists of a portfolio of tools, software, and algorithms that helps to enhance user experience with features, such as louder, high-fidelity sound, audio playback, voice capture, and hearing augmentation for use in smartphones, tablets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems.