Skyworks Solutions (SWKS) Scheduled to Post Quarterly Earnings on Tuesday

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) is set to release its earnings data 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.Persons that are interested in participating in the company's earnings conference call can do so using this link.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.02. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. Skyworks Solutions's quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm 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 Price Performance

Skyworks Solutions stock traded up $1.19 during mid-day trading on Tuesday, hitting $99.30. The stock had a trading volume of 1,906,331 shares, compared to its average volume of 2,301,623. The firm has a market capitalization of $15.91 billion, a P/E ratio of 17.61, a P/E/G ratio of 1.78 and a beta of 1.37. The company has a current ratio of 5.02, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16. The firm's 50 day moving average is $104.21 and its 200 day moving average is $101.73. Skyworks Solutions has a one year low of $85.06 and a one 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 issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.74%. The ex-dividend date was Friday, February 16th. Skyworks Solutions's dividend payout ratio is currently 48.23%.

Wall Street Analysts Forecast Growth

SWKS has been the subject of several recent analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and issued a $130.00 target price on shares of Skyworks Solutions in a report on Wednesday, January 31st. KeyCorp downgraded shares of Skyworks Solutions from an "overweight" rating to a "sector weight" rating in a report on Monday, April 8th. B. Riley increased their price objective on shares of Skyworks Solutions from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Wednesday, January 31st. Susquehanna increased their price objective on shares of Skyworks Solutions from $120.00 to $125.00 and gave the company a "positive" rating in a report on Wednesday, January 31st. Finally, StockNews.com downgraded shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a report on Friday, March 29th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Skyworks Solutions has a consensus rating of "Hold" and a consensus 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.