Qorvo (QRVO) to Release Quarterly Earnings on Tuesday

Qorvo (NASDAQ:QRVO) is expected to issue its quarterly earnings data after the market closes on Tuesday, January 28th. Analysts expect the company to announce 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.Persons interested in listening to the company’s earnings conference call can do so using this link.

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

Qorvo Stock Performance

NASDAQ:QRVO opened at $88.94 on Friday. The stock has a market cap 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 quick ratio of 1.38, a current ratio of 1.90 and a debt-to-equity ratio of 0.45. The business’s 50-day moving average price is $72.18 and its two-hundred day moving average price is $92.61. Qorvo has a twelve month low of $64.54 and a twelve month high of $130.99.

Insider Buying and Selling at Qorvo

In other news, SVP Philip Chesley sold 4,045 shares of Qorvo stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $70.15, for a total value of $283,756.75. Following the sale, the senior vice president now directly owns 30,261 shares in the company, valued at approximately $2,122,809.15. This trade represents a 11.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

QRVO has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their target price on shares of Qorvo from $99.00 to $78.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Bank of America dropped their price objective on shares of Qorvo from $115.00 to $80.00 and set an “underperform” rating for the company in a report on Wednesday, October 30th. StockNews.com cut Qorvo from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Susquehanna dropped their price target on Qorvo from $115.00 to $90.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Finally, Morgan Stanley upgraded Qorvo from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $90.00 to $106.00 in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Qorvo presently has an average rating of “Hold” and an average price target of $98.24.

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.