Equities research analysts expect InterDigital Wireless Inc (NASDAQ:IDCC) to announce ($0.20) earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for InterDigital Wireless’ earnings, with the highest EPS estimate coming in at ($0.17) and the lowest estimate coming in at ($0.23). InterDigital Wireless posted earnings of $0.60 per share in the same quarter last year, which would suggest a negative year over year growth rate of 133.3%. The firm is scheduled to report its next quarterly earnings results before the market opens on Thursday, October 31st.
According to Zacks, analysts expect that InterDigital Wireless will report full-year earnings of ($0.28) per share for the current financial year, with EPS estimates ranging from ($0.32) to ($0.24). For the next financial year, analysts forecast that the company will report earnings of $0.92 per share, with EPS estimates ranging from $0.61 to $1.23. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow InterDigital Wireless.
InterDigital Wireless (NASDAQ:IDCC) last issued its earnings results on Thursday, August 1st. The Wireless communications provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.12. The business had revenue of $75.61 million for the quarter, compared to analyst estimates of $75.50 million. InterDigital Wireless had a net margin of 9.56% and a return on equity of 3.15%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 EPS.
A number of brokerages recently weighed in on IDCC. ValuEngine raised shares of InterDigital Wireless from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. B. Riley restated a “buy” rating and issued a $80.00 target price (down previously from $90.00) on shares of InterDigital Wireless in a research report on Friday, August 2nd. Finally, BidaskClub upgraded shares of InterDigital Wireless from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. InterDigital Wireless presently has an average rating of “Buy” and a consensus target price of $80.00.
A number of hedge funds and other institutional investors have recently bought and sold shares of IDCC. Empirical Finance LLC grew its position in InterDigital Wireless by 0.9% in the 2nd quarter. Empirical Finance LLC now owns 32,220 shares of the Wireless communications provider’s stock worth $2,075,000 after purchasing an additional 280 shares during the last quarter. Westside Investment Management Inc. acquired a new stake in InterDigital Wireless during the second quarter valued at approximately $369,000. Los Angeles Capital Management & Equity Research Inc. lifted its stake in InterDigital Wireless by 12.7% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 17,746 shares of the Wireless communications provider’s stock valued at $1,143,000 after purchasing an additional 2,000 shares during the last quarter. Wealthcare Capital Management LLC lifted its stake in InterDigital Wireless by 190.5% during the second quarter. Wealthcare Capital Management LLC now owns 1,525 shares of the Wireless communications provider’s stock valued at $98,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new stake in InterDigital Wireless during the second quarter valued at approximately $1,893,000. Hedge funds and other institutional investors own 73.12% of the company’s stock.
Shares of NASDAQ:IDCC opened at $56.95 on Friday. The company has a quick ratio of 3.87, a current ratio of 3.87 and a debt-to-equity ratio of 0.43. InterDigital Wireless has a fifty-two week low of $47.02 and a fifty-two week high of $77.88. The firm has a 50-day simple moving average of $53.01 and a 200 day simple moving average of $60.30. The company has a market cap of $1.72 billion, a PE ratio of 31.46 and a beta of 1.05.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Tuesday, October 8th. InterDigital Wireless’s dividend payout ratio (DPR) is 77.35%.
InterDigital Wireless Company Profile
InterDigital, Inc designs and develops technologies that enable and enhance wireless communications in the United States and internationally. It provides technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G and IEEE 802-related products and networks.
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