Qorvo (QRVO) to Release Quarterly Earnings on Tuesday

Qorvo (NASDAQ:QRVO) will post its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect Qorvo to post earnings of $1.85 per share for the quarter. Qorvo has set its Q2 guidance at $1.75-1.95 EPS and its Q2 2025 guidance at 1.750-1.950 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Qorvo (NASDAQ:QRVO) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.16. Qorvo had a negative net margin of 0.66% and a positive return on equity of 14.92%. The company had revenue of $886.70 million during the quarter, compared to analyst estimates of $851.95 million. During the same quarter last year, the business posted $0.03 earnings per share. The company’s revenue was up 36.2% on a year-over-year basis. On average, analysts expect Qorvo to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Qorvo Stock Performance

NASDAQ:QRVO opened at $99.01 on Friday. The stock has a market capitalization of $9.41 billion, a P/E ratio of -135.63, a price-to-earnings-growth ratio of 1.22 and a beta of 1.45. Qorvo has a 1 year low of $80.62 and a 1 year high of $130.99. The firm has a 50 day moving average of $105.32 and a 200-day moving average of $108.20. The company has a current ratio of 1.95, a quick ratio of 1.36 and a debt-to-equity ratio of 0.44.

Insider Activity

In other news, VP Gina Harrison sold 689 shares of Qorvo stock in a transaction on Friday, September 6th. The shares were sold at an average price of $107.67, for a total transaction of $74,184.63. Following the transaction, the vice president now directly owns 21,601 shares of the company’s stock, valued at $2,325,779.67. 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 available through this hyperlink. 0.46% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on QRVO. Raymond James raised their target price on Qorvo from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Barclays dropped their target price on shares of Qorvo from $125.00 to $120.00 and set an “equal weight” rating for the company in a research note on Thursday, October 10th. Needham & Company LLC increased their price target on shares of Qorvo from $110.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley cut shares of Qorvo from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $130.00 to $120.00 in a research report on Friday, October 11th. Finally, The Goldman Sachs Group increased their price objective on Qorvo from $105.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Qorvo currently has an average rating of “Hold” and a consensus price target of $119.86.

Qorvo Company Profile

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.