Cirrus Logic (CRUS) to Release Quarterly Earnings on Monday

Cirrus Logic (NASDAQ:CRUS - Get Free Report) will post its quarterly earnings results after the market closes on Monday, November 4th. Analysts expect Cirrus Logic to post earnings of $1.72 per share for the quarter. Cirrus Logic has set its Q2 2025 guidance at EPS.Individual that wish to register for the company's earnings conference call can do so using this link.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported $1.12 EPS for the quarter, beating the consensus estimate of $0.62 by $0.50. Cirrus Logic had a net margin of 16.31% and a return on equity of 17.42%. The business had revenue of $374.03 million for the quarter, compared to the consensus estimate of $318.41 million. During the same period in the prior year, the firm earned $0.35 EPS. The business's revenue for the quarter was up 18.0% on a year-over-year basis. On average, analysts expect Cirrus Logic to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Cirrus Logic Stock Performance

Shares of Cirrus Logic stock traded up $0.83 during trading on Monday, hitting $123.05. 435,856 shares of the company's stock were exchanged, compared to its average volume of 486,745. The stock has a market capitalization of $6.58 billion, a price-to-earnings ratio of 24.96 and a beta of 0.96. The business has a 50-day simple moving average of $128.53 and a 200-day simple moving average of $121.13. Cirrus Logic has a 52-week low of $65.02 and a 52-week high of $147.46.

Analyst Upgrades and Downgrades

CRUS has been the subject of several analyst reports. KeyCorp boosted their price objective on Cirrus Logic from $155.00 to $165.00 and gave the company an "overweight" rating in a report on Wednesday, August 7th. Barclays lowered Cirrus Logic from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $140.00 to $120.00 in a research report on Thursday, October 10th. StockNews.com cut shares of Cirrus Logic from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, October 9th. Susquehanna decreased their target price on shares of Cirrus Logic from $175.00 to $160.00 and set a "positive" rating for the company in a research note on Monday, October 21st. Finally, Stifel Nicolaus raised their price target on shares of Cirrus Logic from $110.00 to $165.00 and gave the company a "buy" rating in a research report on Thursday, July 18th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Cirrus Logic presently has a consensus rating of "Moderate Buy" and a consensus target price of $137.50.

Insider Activity

In related news, SVP Justin E. Dougherty sold 10,203 shares of the business's stock in a transaction on Friday, August 9th. The shares were sold at an average price of $131.71, for a total value of $1,343,837.13. Following the completion of the sale, the senior vice president now owns 4,838 shares of the company's stock, valued at approximately $637,212.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Cirrus Logic news, SVP Justin E. Dougherty sold 10,203 shares of the business's stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $131.71, for a total transaction of $1,343,837.13. Following the completion of the sale, the senior vice president now directly owns 4,838 shares in the company, valued at approximately $637,212.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Andrew Brannan sold 4,350 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $136.04, for a total value of $591,774.00. Following the transaction, the vice president now directly owns 4,004 shares of the company's stock, valued at $544,704.16. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.02% of the company's stock.

Cirrus Logic Company Profile

Cirrus Logic, Inc, a fabless semiconductor company, develops low-power high-precision mixed-signal processing solutions in China, the United States, and internationally. The company offers audio products, including amplifiers; codecs components that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single integrated circuit (IC); smart codecs, a codec with integrated digital signal processing; standalone digital signal processors; and SoundClear technology, which consists of a portfolio of tools, software, and algorithms that helps to enhance user experience with features, such as louder, high-fidelity sound, audio playback, voice capture, and hearing augmentation for use in smartphones, tablets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems.