Skyworks Solutions (SWKS) Set to Announce Quarterly Earnings on Tuesday

Skyworks Solutions (NASDAQ:SWKS) will issue its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.26 per share for the quarter. Skyworks Solutions has set its Q2 2024 guidance at 1.520-1.520 EPS and its Q2 guidance at $1.52 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The firm’s quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter last year, the business posted $2.33 EPS. On average, analysts expect Skyworks Solutions to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $104.30 on Friday. The firm has a market capitalization of $16.71 billion, a price-to-earnings ratio of 18.49, a price-to-earnings-growth ratio of 1.91 and a beta of 1.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.02 and a quick ratio of 3.51. The business has a fifty day moving average of $104.07 and a 200 day moving average of $101.80. Skyworks Solutions has a 1 year low of $85.06 and a 1 year high of $115.69.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were paid a $0.68 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a yield of 2.61%. Skyworks Solutions’s dividend payout ratio (DPR) is 48.23%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SWKS. Piper Sandler reiterated a “neutral” rating and set a $90.00 price objective on shares of Skyworks Solutions in a research note on Thursday, January 4th. B. Riley lifted their price objective on Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. KeyCorp lowered Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. Susquehanna lifted their price objective on Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Finally, TD Cowen lifted their price objective on Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $115.10.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.