$0.29 EPS Expected for InterDigital Wireless Inc (NASDAQ:IDCC) This Quarter

Wall Street analysts expect InterDigital Wireless Inc (NASDAQ:IDCC) to report $0.29 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for InterDigital Wireless’ earnings. The lowest EPS estimate is $0.21 and the highest is $0.37. InterDigital Wireless reported earnings of $0.05 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 480%. The business is expected to report its next quarterly earnings results on Thursday, February 20th.

According to Zacks, analysts expect that InterDigital Wireless will report full-year earnings of $0.43 per share for the current financial year, with EPS estimates ranging from $0.42 to $0.44. For the next fiscal year, analysts expect that the firm will report earnings of $1.28 per share, with EPS estimates ranging from $1.00 to $1.45. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow InterDigital Wireless.

InterDigital Wireless (NASDAQ:IDCC) last released its earnings results on Thursday, October 31st. The Wireless communications provider reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.27. InterDigital Wireless had a net margin of 3.08% and a return on equity of 1.07%. The business had revenue of $72.52 million during the quarter, compared to analysts’ expectations of $72.82 million. During the same quarter in the previous year, the company earned $0.60 earnings per share. The company’s quarterly revenue was down 3.4% on a year-over-year basis.

IDCC has been the subject of several research reports. BidaskClub cut shares of InterDigital Wireless from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 5th. ValuEngine cut shares of InterDigital Wireless from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $80.00.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Asset Management L.P. purchased a new stake in InterDigital Wireless during the 2nd quarter valued at about $26,000. Tower Research Capital LLC TRC grew its stake in InterDigital Wireless by 6,828.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 485 shares of the Wireless communications provider’s stock valued at $31,000 after acquiring an additional 478 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in InterDigital Wireless during the 2nd quarter valued at about $38,000. US Bancorp DE grew its stake in InterDigital Wireless by 79.1% during the 2nd quarter. US Bancorp DE now owns 1,112 shares of the Wireless communications provider’s stock valued at $72,000 after acquiring an additional 491 shares in the last quarter. Finally, Cerebellum GP LLC purchased a new stake in InterDigital Wireless during the 3rd quarter valued at about $127,000. 70.20% of the stock is owned by institutional investors.

NASDAQ IDCC traded down $1.09 during trading hours on Tuesday, hitting $53.78. 229,718 shares of the company’s stock traded hands, compared to its average volume of 260,382. InterDigital Wireless has a 52-week low of $47.02 and a 52-week high of $74.03. The company has a market capitalization of $1.71 billion, a PE ratio of 203.22, a PEG ratio of 8.51 and a beta of 1.02. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.06 and a quick ratio of 3.06. The firm’s 50-day moving average is $56.80 and its 200-day moving average is $57.55.

About InterDigital Wireless

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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Earnings History and Estimates for InterDigital Wireless (NASDAQ:IDCC)

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