Skyworks Solutions (SWKS) Scheduled to Post Earnings on Tuesday

Skyworks Solutions (NASDAQ:SWKS) will be posting its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect Skyworks Solutions to post 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.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $1.20 billion. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. Skyworks Solutions’s revenue was down 9.6% compared to the same quarter last year. During the same quarter in the previous 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 Skyworks Solutions stock opened at $98.11 on Tuesday. The stock has a market cap of $15.72 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 1.78 and a beta of 1.37. The firm’s 50-day moving average is $104.29 and its 200 day moving average is $101.72. Skyworks Solutions has a 1 year low of $85.06 and a 1 year high of $115.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.02 and a quick ratio of 3.51.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Friday, February 16th. Skyworks Solutions’s payout ratio is 48.23%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Piper Sandler reiterated a “neutral” rating and issued a $90.00 price target on shares of Skyworks Solutions in a research note on Thursday, January 4th. Susquehanna upped their price target on shares of Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. KeyCorp cut shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. B. Riley upped their target price on shares of Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Finally, TD Cowen upped their target price on shares of Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Skyworks Solutions currently has a consensus rating of “Hold” and a consensus price target of $115.10.

Skyworks Solutions Company Profile

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.