Microsemi Corp. (MSCC) Set to Announce Quarterly Earnings on Thursday
Microsemi Corp. (NASDAQ:MSCC) is set to issue its quarterly earnings data on Thursday, January 23rd. Microsemi Corp. has set its Q1 guidance at $0.42-0.46 EPS.Parties that wish to register for the company’s conference call can do so using this link.
Microsemi Corp. (NASDAQ:MSCC) last announced its earnings results on Thursday, November 7th. The company reported $0.53 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.53. The company had revenue of $250.40 million for the quarter, compared to the consensus estimate of $250.06 million. During the same quarter in the prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis.
Microsemi Corp. (NASDAQ:MSCC) opened at 24.76 on Wednesday. Microsemi Corp. has a 52 week low of $18.96 and a 52 week high of $26.72. The stock’s 50-day moving average is $24.34 and its 200-day moving average is $24.75. The company has a market cap of $2.327 billion and a P/E ratio of 51.79.
A number of research firms have recently commented on MSCC. Analysts at Zacks upgraded shares of Microsemi Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, January 13th. They now have a $30.00 price target on the stock. On the ratings front, analysts at Drexel Hamilton initiated coverage on shares of Microsemi Corp. in a research note to investors on Wednesday, December 11th. They set a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Microsemi Corp. presently has a consensus rating of “Buy” and a consensus target price of $22.38.
Microsemi Corporation (NASDAQ:MSCC) is a designer, manufacturer and marketer of analog and mixed-signal semiconductor solutions differentiated by power, security, reliability and performance.
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