Wall Street brokerages predict that InterDigital, Inc. (NASDAQ:IDCC – Get Rating) will post earnings of $0.53 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for InterDigital’s earnings. InterDigital posted earnings of $0.39 per share during the same quarter last year, which would suggest a positive year over year growth rate of 35.9%. The firm is scheduled to issue its next earnings results on Monday, January 1st.
On average, analysts expect that InterDigital will report full-year earnings of $2.28 per share for the current financial year. For the next financial year, analysts expect that the firm will post earnings of $3.21 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover InterDigital.
InterDigital (NASDAQ:IDCC – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The Wireless communications provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.21. InterDigital had a net margin of 15.24% and a return on equity of 10.55%. The business had revenue of $101.32 million during the quarter, compared to the consensus estimate of $97.85 million. During the same period in the prior year, the firm posted $0.18 EPS. The firm’s quarterly revenue was up 23.0% compared to the same quarter last year.
Shares of IDCC stock opened at $59.52 on Friday. InterDigital has a 52-week low of $56.13 and a 52-week high of $85.75. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.83 and a current ratio of 3.24. The company has a 50-day simple moving average of $61.97 and a two-hundred day simple moving average of $66.67. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 1.72 and a beta of 1.05.
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 27th. Stockholders of record on Wednesday, April 13th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Tuesday, April 12th. InterDigital’s dividend payout ratio is currently 64.82%.
Several institutional investors have recently added to or reduced their stakes in IDCC. Raymond James Financial Services Advisors Inc. bought a new position in InterDigital in the 3rd quarter worth approximately $227,000. Advisor Group Holdings Inc. boosted its holdings in InterDigital by 45.9% in the 3rd quarter. Advisor Group Holdings Inc. now owns 7,597 shares of the Wireless communications provider’s stock worth $515,000 after buying an additional 2,390 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in InterDigital by 2.6% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 7,092 shares of the Wireless communications provider’s stock worth $481,000 after buying an additional 180 shares during the period. Barclays PLC boosted its holdings in InterDigital by 7.9% in the 3rd quarter. Barclays PLC now owns 136,107 shares of the Wireless communications provider’s stock worth $9,230,000 after buying an additional 9,925 shares during the period. Finally, Inspire Investing LLC bought a new position in InterDigital in the 3rd quarter worth approximately $228,000. 82.04% of the stock is owned by hedge funds and other institutional investors.
InterDigital Company Profile (Get Rating)
InterDigital, Inc, together with its subsidiaries, designs and develops technologies that enable and enhance wireless communications in the United States, China, South Korea, Japan, Taiwan, and Europe. It provides technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G, 5G, and IEEE 802-related products and networks.
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