InterDigital (IDCC) to Release Quarterly Earnings on Thursday

InterDigital (NASDAQ:IDCC - Get Free Report) will be releasing its earnings data before the market opens on Thursday, May 2nd. Analysts expect InterDigital to post earnings of $3.16 per share for the quarter. InterDigital has set its Q1 guidance at $2.40-2.95 EPS and its FY24 guidance at $4.95-6.15 EPS.Parties that are interested in registering for the company's conference call can do so using this link.

InterDigital (NASDAQ:IDCC - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The Wireless communications provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.16. The business had revenue of $105.52 million during the quarter, compared to analysts' expectations of $104.31 million. InterDigital had a net margin of 38.95% and a return on equity of 37.77%. On average, analysts expect InterDigital to post $7 EPS for the current fiscal year and $5 EPS for the next fiscal year.

InterDigital Stock Performance

Shares of IDCC stock traded up $0.25 during mid-day trading on Thursday, reaching $99.91. The stock had a trading volume of 283,481 shares, compared to its average volume of 494,300. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.05. InterDigital has a 1-year low of $66.82 and a 1-year high of $119.86. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 0.81 and a beta of 1.34. The business's fifty day moving average is $103.50 and its 200-day moving average is $99.76.

InterDigital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Tuesday, April 9th. InterDigital's dividend payout ratio is presently 21.33%.

Insider Buying and Selling at InterDigital

In other news, insider Eeva K. Hakoranta sold 699 shares of the business's stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $95.77, for a total value of $66,943.23. Following the completion of the transaction, the insider now directly owns 29,984 shares of the company's stock, valued at $2,871,567.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Eeva K. Hakoranta sold 699 shares of InterDigital stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $95.77, for a total transaction of $66,943.23. Following the transaction, the insider now owns 29,984 shares in the company, valued at approximately $2,871,567.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Rajesh Pankaj sold 650 shares of the business's stock in a transaction on Friday, April 5th. The stock was sold at an average price of $95.33, for a total transaction of $61,964.50. Following the completion of the transaction, the chief technology officer now owns 64,939 shares in the company, valued at approximately $6,190,634.87. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on IDCC shares. Bank of America restated an "underperform" rating and set a $100.00 target price (down from $140.00) on shares of InterDigital in a research report on Monday, April 1st. StockNews.com cut shares of InterDigital from a "buy" rating to a "hold" rating in a report on Tuesday, March 19th.

InterDigital Company Profile

InterDigital, Inc operates as a global research and development company with focus primarily on wireless, visual, artificial intelligence (AI), and related technologies. The company engages in the design and development of technologies that enable connected in a range of communications and entertainment products and services, which are licensed to companies providing such products and services, including makers of wireless communications, consumer electronics, IoT devices, and cars and other motor vehicles, as well as providers of cloud-based services, such as video streaming.