SanDisk Corp. (SNDK) Set to Announce Quarterly Earnings on Wednesday
SanDisk Corp. (NASDAQ:SNDK) will announce its Q313 earnings results on Wednesday, October 16th. Analysts expect the company to announce earnings of $1.31 per share and revenue of $1.57 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
SanDisk Corp. (NASDAQ:SNDK) last announced its earnings results on Wednesday, July 17th. The company reported $1.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.93 by $0.28. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the company posted $0.21 earnings per share. SanDisk Corp.’s revenue was up 43.0% compared to the same quarter last year. On average, analysts expect SanDisk Corp. to post $4.78 EPS for the current fiscal year and $5.34 EPS for the next fiscal year.
Shares of SanDisk Corp. (NASDAQ:SNDK) opened at 63.03 on Tuesday. SanDisk Corp. has a 52-week low of $38.47 and a 52-week high of $63.97. The stock has a 50-day moving average of $59.58 and a 200-day moving average of $58.1. The company has a market cap of $15.152 billion and a price-to-earnings ratio of 21.27.
SNDK has been the subject of a number of recent research reports. Analysts at Wedbush raised their price target on shares of SanDisk Corp. from $69.00 to $71.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. On a related note, analysts at Stifel Nicolaus raised their price target on shares of SanDisk Corp. from $70.00 to $75.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of SanDisk Corp. from $60.00 to $64.00 in a research note to investors on Monday, October 7th. They now have a “market perform” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-two have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $67.17.
In other SanDisk Corp. news, CEO Sanjay Mehrotra sold 45,000 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $61.07, for a total transaction of $2,748,150.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
SanDisk Corporation designs, develops and manufactures data storage solutions in a range of form factors using its flash memory, controller and firmware technologies.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.