Qorvo, Inc. (QRVO) Analysts See $0.86 EPS

April 17, 2018 - By Darrin Black

Qorvo, Inc. (NASDAQ:QRVO) Logo

Analysts expect Qorvo, Inc. (NASDAQ:QRVO) to report $0.86 EPS on May, 2.They anticipate $0.12 EPS change or 16.22 % from last quarter’s $0.74 EPS. QRVO’s profit would be $108.78 million giving it 21.39 P/E if the $0.86 EPS is correct. After having $1.58 EPS previously, Qorvo, Inc.’s analysts see -45.57 % EPS growth. The stock increased 1.78% or $1.29 during the last trading session, reaching $73.57. About 455,994 shares traded. Qorvo, Inc. (NASDAQ:QRVO) has risen 2.72% since April 17, 2017 and is uptrending. It has underperformed by 8.83% the S&P500.

Qorvo, Inc. (NASDAQ:QRVO) Ratings Coverage

Among 19 analysts covering Qorvo (NASDAQ:QRVO), 7 have Buy rating, 2 Sell and 10 Hold. Therefore 37% are positive. Qorvo had 31 analyst reports since October 26, 2017 according to SRatingsIntel. On Wednesday, December 13 the stock rating was maintained by Cowen & Co with “Hold”. BMO Capital Markets maintained the shares of QRVO in report on Sunday, October 29 with “Hold” rating. Canaccord Genuity maintained it with “Buy” rating and $81.0 target in Tuesday, January 23 report. As per Thursday, February 1, the company rating was upgraded by Northland Capital. The firm has “Buy” rating given on Wednesday, November 15 by J.P. Morgan. The rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, December 13. On Thursday, March 15 the stock rating was downgraded by Bank of America to “Underperform”. The firm earned “Hold” rating on Thursday, February 1 by Cowen & Co. The stock has “Hold” rating by Craig Hallum on Thursday, November 2. The firm has “Buy” rating given on Thursday, February 1 by Needham.

Qorvo, Inc. provides radio frequency solutions and technologies for mobile device, infrastructure, and defense and aerospace applications worldwide. The company has market cap of $9.31 billion. It operates through Mobile Products (MP) and Infrastructure and Defense Products (IDP) divisions. It has a 332.9 P/E ratio. The MP segment offers cellular RF and WiFi solutions, bulk acoustic wave (BAW) and surface acoustic wave (SAW) filters, power amplifiers (PA), low noise amplifiers, switches, multi-band PAs and transmit modules, RF power management integrated circuits, diversity receive modules, antenna switch modules, antenna tuning and control solutions, modules incorporating PAs and duplexers, and modules incorporating switches, PAs, and duplexers.

Qorvo, Inc. (NASDAQ:QRVO) Ratings Chart

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