Cirrus Logic (CRUS) Scheduled to Post Quarterly Earnings on Monday

Cirrus Logic (NASDAQ:CRUS - Get Free Report) will be posting 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.

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Cirrus Logic (NASDAQ:CRUS - Get Free Report) last announced its earnings results on Tuesday, August 6th. The semiconductor company reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.50. Cirrus Logic had a return on equity of 17.42% and a net margin of 16.31%. The firm had revenue of $374.03 million for the quarter, compared to analysts' expectations of $318.41 million. During the same quarter in the prior year, the firm earned $0.35 EPS. Cirrus Logic's quarterly revenue 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 Up 1.3 %

NASDAQ CRUS opened at $122.22 on Monday. Cirrus Logic has a fifty-two week low of $65.02 and a fifty-two week high of $147.46. The business has a fifty day moving average of $128.88 and a 200-day moving average of $120.91. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 24.79 and a beta of 0.96.

Wall Street Analysts Forecast Growth

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CRUS has been the topic of a number of recent research reports. Susquehanna reduced their target price on shares of Cirrus Logic from $175.00 to $160.00 and set a "positive" rating on the stock in a report on Monday, October 21st. Barclays downgraded shares of Cirrus Logic from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $140.00 to $120.00 in a research note 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. KeyCorp increased their price target on Cirrus Logic from $155.00 to $165.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 7th. Finally, Stifel Nicolaus lifted their price objective on Cirrus Logic from $110.00 to $165.00 and gave the company a "buy" rating in a research report on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $137.50.

Read Our Latest Report on CRUS

Insider Transactions at Cirrus Logic

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In related news, SVP Justin E. Dougherty sold 10,203 shares of Cirrus Logic stock in a transaction on Friday, August 9th. The stock was sold at an average price of $131.71, for a total value of $1,343,837.13. Following the transaction, the senior vice president now owns 4,838 shares in the company, valued at approximately $637,212.98. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Andrew Brannan sold 4,350 shares of the stock in a transaction 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 completion of the sale, the vice president now owns 4,004 shares of the company's stock, valued at $544,704.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Justin E. Dougherty sold 10,203 shares of Cirrus Logic stock in a transaction on Friday, August 9th. The shares were sold at an average price of $131.71, for a total transaction of $1,343,837.13. Following the transaction, the senior vice president now owns 4,838 shares in the company, valued at $637,212.98. 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.

About Cirrus Logic

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.

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