Adeia (NASDAQ:ADEA – Get Free Report) will post its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect Adeia to post earnings of $0.19 per share for the quarter. Adeia has set its FY 2024 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.
Adeia (NASDAQ:ADEA – Get Free Report) last announced its earnings results on Tuesday, February 20th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $86.87 million during the quarter, compared to analysts’ expectations of $89.23 million. Adeia had a net margin of 17.33% and a return on equity of 42.74%.
Adeia Trading Down 0.8 %
Shares of Adeia stock opened at $9.93 on Friday. Adeia has a 12-month low of $7.12 and a 12-month high of $13.39. The company has a 50-day simple moving average of $10.67 and a 200 day simple moving average of $10.74. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 1.46. The stock has a market capitalization of $1.08 billion, a P/E ratio of 16.83 and a beta of 1.43.
Adeia Dividend Announcement
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on ADEA shares. BWS Financial reissued a “buy” rating and set a $16.00 price objective on shares of Adeia in a report on Friday, April 19th. Rosenblatt Securities began coverage on shares of Adeia in a report on Friday, February 23rd. They issued a “buy” rating and a $15.00 price objective on the stock.
Read Our Latest Stock Analysis on ADEA
Adeia Company Profile
Adeia Inc, together with its subsidiaries, operates as a media and semiconductor intellectual property licensing company in the United States, Canada, Asia, Europe, the Middle East, and internationally. The company licenses its patent portfolios across various markets, including multichannel video programming distributors comprising cable, satellite, and telecommunications television providers that aggregate and distribute linear content over networks, as well as television providers that aggregate and stream linear content over broadband networks; over-the-top video service providers and social media companies, such as subscription video-on-demand and advertising-supported streaming service providers, as well as content providers, networks, and media companies.
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