|Bid||137.13 x 800|
|Ask||138.85 x 2200|
|Day's Range||135.18 - 137.34|
|52 Week Range||79.08 - 140.38|
|Beta (5Y Monthly)||1.30|
|PE Ratio (TTM)||45.84|
|Forward Dividend & Yield||2.48 (1.84%)|
|Ex-Dividend Date||Aug 27, 2020|
|1y Target Est||N/A|
In the current session, Analog Devices Inc. (NASDAQ: ADI) is trading at $135.94, after a 0.79% increase. Over the past month, the stock increased by 13.01%, and in the past year, by 18.32%. With performance like this, long-term shareholders optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently below from its 52 week high by 3.16%. The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also shows that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. View more earnings on ADIDepending on the particular phase of a business cycle, some industries will perform better than others. Compared to the aggregate P/E ratio of the 66.7 in the Semiconductors & Semiconductor Equipment industry, Analog Devices Inc. has a lower P/E ratio of 45.11. Shareholders might be inclined to think that the stock might perform worse than its industry peers. It's also possible that the stock is undervalued. Price to earnings ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors can become unable to attain key insights from trailing earnings.See more from Benzinga * Click here for options trades from Benzinga * Earnings Preview: Analog Devices * Stocks That Hit 52-Week Highs On Monday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Analog Devices (NASDAQ: ADI) unveils its next round of earnings this Tuesday, November 24. Here is Benzinga's everything-that-matters guide for the earnings announcement.What Are Earnings, Net Income, And Earnings Per Share? Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.Earnings And Revenue Analog Devices earnings will be near $1.32 per share on sales of $1.44 billion, according to analysts. In the same quarter last year, Analog Devices posted EPS of $1.19 on sales of $1.44 billion.Why Analyst Estimates And Earnings Surprises Are Important Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.View more earnings on ADIThe analyst consensus estimate would represent a 10.92% increase in the company's earnings. Revenue would be down 0.21% on a year-over-year basis. Here is how the Analog Devices's reported EPS has stacked up against analyst estimates in the past:Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2019 EPS Estimate 1.28 1.04 1 1.22 EPS Actual 1.36 1.08 1.03 1.19 Revenue Estimate 1.43 B 1.33 B 1.30 B 1.45 B Revenue Actual 1.46 B 1.32 B 1.30 B 1.44 B Stock Performance Shares of Analog Devices were trading at $134.88 as of November 20. Over the last 52-week period, shares are up 18.6%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.Do not be surprised to see the stock move on comments made during its conference call. Analog Devices is scheduled to hold the call at 10:00:00 ET and can be accessed here.See more from Benzinga * Click here for options trades from Benzinga * Stocks That Hit 52-Week Highs On Monday * Benzinga's Top Upgrades, Downgrades For November 9, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The stock market is closed for Thanksgiving on Thursday. Retailers including Best Buy, Dollar Tree, and Gap report earnings. Plus, Federal Reserve minutes and economic data.