SanDisk (SNDK) Set to Announce Quarterly Earnings on Wednesday
SanDisk (NASDAQ:SNDK) is scheduled to issue its Q114 quarterly earnings data on Wednesday, April 16th. Analysts expect the company to announce earnings of $1.25 per share and revenue of $1.49 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
SanDisk (NASDAQ:SNDK) last released its earnings data on Wednesday, January 22nd. The company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.14. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, analysts expect SanDisk to post $5.78 EPS for the current fiscal year and $6.08 EPS for the next fiscal year.
SanDisk (NASDAQ:SNDK) opened at 74.65 on Tuesday. SanDisk has a 52 week low of $50.68 and a 52 week high of $85.37. The stock’s 50-day moving average is $77.45 and its 200-day moving average is $70.9. The company has a market cap of $16.834 billion and a price-to-earnings ratio of 16.97.
SNDK has been the subject of a number of recent research reports. Analysts at ISI Group initiated coverage on shares of SanDisk in a research note on Thursday, April 10th. They set a “neutral” rating and a $87.00 price target on the stock. On the ratings front, analysts at B. Riley raised their price target on shares of SanDisk from $87.00 to $95.00 in a research note on Thursday, April 10th. Finally, analysts at Pacific Crest raised their price target on shares of SanDisk from $80.00 to $90.00 in a research note on Wednesday, April 9th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $78.82.
In other SanDisk news, CEO Sanjay Mehrotra unloaded 57,875 shares of the stock on the open market in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $84.52, for a total transaction of $4,891,595.00. The sale was disclosed in a filing with the SEC, which is available at 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.
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