Qorvo (QRVO) Projected to Post Quarterly Earnings on Tuesday

Qorvo (NASDAQ:QRVO) is expected to release its earnings data after the market closes on Tuesday, January 28th. Analysts expect Qorvo to post 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.Investors that are interested in registering for the company’s conference call can do so using this link.

Qorvo (NASDAQ:QRVO) last issued its earnings results on Tuesday, October 29th. The semiconductor company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.03. Qorvo had a negative net margin of 3.58% and a positive return on equity of 13.81%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the business earned $1.99 EPS. The firm’s quarterly 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 Price Performance

NASDAQ QRVO opened at $88.94 on Monday. The firm’s 50 day moving average price is $72.18 and its 200-day moving average price is $92.38. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.38 and a current ratio of 1.90. The company has a market cap of $8.41 billion, a PE ratio of -60.92, a P/E/G ratio of 6.98 and a beta of 1.40. Qorvo has a 52-week low of $64.54 and a 52-week high of $130.99.

Analyst Upgrades and Downgrades

QRVO has been the topic of several analyst reports. TD Cowen cut their target price on Qorvo from $125.00 to $85.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Benchmark downgraded shares of Qorvo from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. StockNews.com cut Qorvo from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Bank of America cut their price objective on shares of Qorvo from $115.00 to $80.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 30th. Finally, Craig Hallum cut their price target on Qorvo from $142.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $98.24.

Insider Buying and Selling at Qorvo

In other news, SVP Philip Chesley sold 4,045 shares of the firm’s 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 transaction, the senior vice president now owns 30,261 shares in the company, valued at $2,122,809.15. This trade represents a 11.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.46% of the company’s stock.

About Qorvo

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.