Super Micro Computer, Inc. (SMCI) Updates Q4 Earnings Guidance
Super Micro Computer, Inc. (NASDAQ:SMCI) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.35-0.37 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.45. The company issued revenue guidance of $712-717 million, compared to the consensus revenue estimate of $681.96 million.
Shares of Super Micro Computer, Inc. (NASDAQ SMCI) traded up 2.26% during midday trading on Thursday, reaching $27.10. The company’s stock had a trading volume of 580,074 shares. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 23.75 and a beta of 0.14. The stock has a 50-day moving average price of $24.81 and a 200-day moving average price of $25.44. Super Micro Computer, Inc. has a 52-week low of $19.32 and a 52-week high of $31.75.
Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Thursday, April 27th. The technology company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. The company had revenue of $631.12 million for the quarter, compared to the consensus estimate of $599.02 million. Super Micro Computer had a return on equity of 7.96% and a net margin of 2.53%. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 EPS. Equities research analysts anticipate that Super Micro Computer, Inc. will post $1.63 earnings per share for the current fiscal year.
Several research firms have recently weighed in on SMCI. BidaskClub cut Super Micro Computer from a hold rating to a sell rating in a report on Thursday, June 29th. Maxim Group reaffirmed a buy rating and issued a $40.00 target price on shares of Super Micro Computer in a report on Thursday, March 23rd. Stifel Nicolaus reaffirmed a hold rating and issued a $30.00 target price on shares of Super Micro Computer in a report on Friday, July 14th. Finally, ValuEngine raised Super Micro Computer from a hold rating to a buy rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $31.57.
In other Super Micro Computer news, Director Sherman Tuan sold 10,000 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $24.51, for a total value of $245,100.00. Following the completion of the sale, the director now owns 8,000 shares in the company, valued at approximately $196,080. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Cheng-Hsien Phidias Chou sold 2,000 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $24.35, for a total value of $48,700.00. Following the completion of the sale, the vice president now owns 3,137 shares of the company’s stock, valued at approximately $76,385.95. The disclosure for this sale can be found here. Insiders sold a total of 21,000 shares of company stock valued at $511,580 in the last quarter. 23.60% of the stock is currently owned by company insiders.
About Super Micro Computer
Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.
Receive News & Ratings for Super Micro Computer Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Super Micro Computer Inc. and related companies with MarketBeat.com's FREE daily email newsletter.