Equities research analysts expect that McAfee Corp. (NASDAQ:MCFE) will report sales of $738.74 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for McAfee’s earnings, with the lowest sales estimate coming in at $737.88 million and the highest estimate coming in at $739.60 million. The company is expected to report its next quarterly earnings report on Thursday, February 18th.
On average, analysts expect that McAfee will report full-year sales of $2.87 billion for the current fiscal year. For the next year, analysts expect that the business will post sales of $2.98 billion, with estimates ranging from $2.96 billion to $3.01 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for McAfee.
McAfee (NASDAQ:MCFE) last released its quarterly earnings results on Thursday, November 19th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.05). The company had revenue of $728.00 million for the quarter, compared to analysts’ expectations of $723.23 million.
Several research analysts recently commented on MCFE shares. The Goldman Sachs Group started coverage on shares of McAfee in a report on Monday, November 16th. They issued a “buy” rating and a $26.00 price target on the stock. Bank of America started coverage on shares of McAfee in a report on Monday, November 16th. They issued a “neutral” rating and a $19.00 price target on the stock. Royal Bank of Canada started coverage on shares of McAfee in a report on Monday, November 16th. They issued a “sector perform” rating and a $19.00 price target on the stock. Piper Sandler started coverage on shares of McAfee in a report on Monday, November 16th. They issued an “overweight” rating and a $22.00 price target on the stock. Finally, Morgan Stanley assumed coverage on shares of McAfee in a report on Monday, November 16th. They issued an “overweight” rating and a $25.00 price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.20.
NASDAQ MCFE traded down $0.66 during mid-day trading on Friday, hitting $18.83. The company’s stock had a trading volume of 665,134 shares, compared to its average volume of 1,009,742. McAfee has a 52-week low of $14.80 and a 52-week high of $19.78. The company has a fifty day moving average price of $16.58.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 7th. Shareholders of record on Thursday, December 24th were paid a $0.087 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Wednesday, December 23rd.
In related news, major shareholder Thoma Bravo Ugp, Llc sold 408,340 shares of McAfee stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $18.90, for a total transaction of $7,717,626.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Intel Americas, Inc. sold 3,788,537 shares of McAfee stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $18.90, for a total transaction of $71,603,349.30. The disclosure for this sale can be found here.
McAfee Company Profile
McAfee Corp. provides various integrated security, privacy, and trust solutions to consumers, small and medium-sized businesses, large enterprises, and governments in the United States and internationally. The company operates in two segments, Consumer and Enterprise. Its security technologies enable home users and businesses to stay ahead of the wave of fileless attacks, viruses, malware, and other online threats.
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