Adeia (ADEA) Set to Release Quarterly Earnings on Monday

Adeia (NASDAQ:ADEA) is scheduled to post its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect Adeia to post earnings of $0.19 per share for the quarter. Adeia has set its FY 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Adeia (NASDAQ:ADEA) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. The company had revenue of $86.87 million for the quarter, compared to the consensus estimate of $89.23 million. Adeia had a return on equity of 42.74% and a net margin of 17.33%.

Adeia Stock Performance

Adeia stock opened at $9.93 on Friday. Adeia has a 52 week low of $7.12 and a 52 week high of $13.39. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.46. The stock has a market cap of $1.08 billion, a P/E ratio of 16.83 and a beta of 1.43. The stock has a 50 day moving average of $10.67 and a 200-day moving average of $10.74.

Adeia Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Tuesday, March 12th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Monday, March 11th. Adeia’s payout ratio is currently 33.90%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Rosenblatt Securities started coverage on Adeia in a research note on Friday, February 23rd. They set a “buy” rating and a $15.00 price objective on the stock. BWS Financial restated a “buy” rating and issued a $16.00 price target on shares of Adeia in a research report on Friday, April 19th.

Adeia Company Profile

Adeia Inc, together with its subsidiaries, operates as a media and semiconductor intellectual property licensing company in the United States, Canada, Asia, Europe, the Middle East, and internationally. The company licenses its patent portfolios across various markets, including multichannel video programming distributors comprising cable, satellite, and telecommunications television providers that aggregate and distribute linear content over networks, as well as television providers that aggregate and stream linear content over broadband networks; over-the-top video service providers and social media companies, such as subscription video-on-demand and advertising-supported streaming service providers, as well as content providers, networks, and media companies.