Broadcom (NASDAQ:AVGO) is scheduled to be announcing its Q4 2019 earnings results after the market closes on Thursday, December 12th. Analysts expect the company to announce earnings of $4.34 per share for the quarter. Broadcom has set its FY 2019 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.
Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, September 12th. The semiconductor manufacturer reported $3.99 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.10 by ($0.11). The firm had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.52 billion. Broadcom had a return on equity of 34.10% and a net margin of 13.44%. The business’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $4.98 earnings per share. On average, analysts expect Broadcom to post $17 EPS for the current fiscal year and $20 EPS for the next fiscal year.
NASDAQ AVGO opened at $315.06 on Wednesday. The stock’s fifty day moving average is $307.20 and its two-hundred day moving average is $286.65. The firm has a market capitalization of $125.37 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 1.37 and a beta of 0.90. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.18 and a current ratio of 1.32. Broadcom has a fifty-two week low of $230.33 and a fifty-two week high of $325.67.
In related news, insider Mark David Brazeal sold 2,000 shares of the business’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $289.43, for a total value of $578,860.00. Also, CEO Hock E. Tan sold 20,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $288.71, for a total value of $5,774,200.00. In the last ninety days, insiders sold 62,000 shares of company stock worth $18,432,860. Corporate insiders own 3.30% of the company’s stock.
Broadcom Company Profile
Broadcom Inc designs, develops, and supplies a range of semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.
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