Intersil Corp (ISIL) Issues Q3 Earnings Guidance
Intersil Corp (NASDAQ:ISIL) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.19-0.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.19, Analyst Ratings Network reports. The company issued revenue guidance of flat to +3% (~$147.8-152.2 million), compared to the consensus revenue estimate of $152.87 million.
Intersil Corp (NASDAQ:ISIL) traded up 2.97% during mid-day trading on Wednesday, hitting $14.035. The stock had a trading volume of 1,388,511 shares. Intersil Corp has a one year low of $9.80 and a one year high of $15.93. The stock’s 50-day moving average is $14.85 and its 200-day moving average is $13.14. The company has a market cap of $1.807 billion and a price-to-earnings ratio of 168.27.
Intersil Corp (NASDAQ:ISIL) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $147.76 million for the quarter, compared to the consensus estimate of $146.90 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts expect that Intersil Corp will post $0.72 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Intersil Corp from a neutral rating to an outperform rating in a research note on Tuesday, June 24th. They now have a $17.10 price target on the stock. On a related note, analysts at Stifel Nicolaus reiterated a buy rating on shares of Intersil Corp in a research note on Monday, June 23rd. They now have a $19.00 price target on the stock, up previously from $16.00. Finally, analysts at Needham & Company LLC downgraded shares of Intersil Corp from a buy rating to a hold rating in a research note on Wednesday, June 18th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of Buy and an average target price of $13.78.
Intersil Corporation manufactures and markets analog, mixed-signal, and power management integrated circuits (NASDAQ:ISIL).
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