$0.33 EPS Expected for Super Micro Computer, Inc. (SMCI) This Quarter
Wall Street analysts expect Super Micro Computer, Inc. (NASDAQ:SMCI) to post earnings of $0.33 per share for the current quarter, according to Zacks. Three analysts have made estimates for Super Micro Computer’s earnings, with estimates ranging from $0.30 to $0.40. Super Micro Computer posted earnings per share of $0.13 in the same quarter last year, which suggests a positive year-over-year growth rate of 153.8%. The firm is scheduled to report its next quarterly earnings results after the market closes on Thursday, August 3rd.
According to Zacks, analysts expect that Super Micro Computer will report full year earnings of $1.33 per share for the current year, with EPS estimates ranging from $1.30 to $1.40. For the next financial year, analysts expect that the firm will report earnings of $1.66 per share, with EPS estimates ranging from $1.40 to $1.88. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Super Micro Computer.
Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data on Thursday, April 27th. The technology company reported $0.32 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.32. The business had revenue of $631.12 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 EPS.
Several research firms recently issued reports on SMCI. Maxim Group reiterated a “buy” rating and set a $43.00 target price on shares of Super Micro Computer in a report on Friday. Zacks Investment Research lowered Super Micro Computer from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub upgraded Super Micro Computer from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Stifel Nicolaus reiterated a “hold” rating and set a $30.00 target price on shares of Super Micro Computer in a report on Friday, July 14th. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and set a $31.00 target price (down previously from $33.00) on shares of Super Micro Computer in a report on Sunday. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $31.29.
In other Super Micro Computer news, Director Sherman Tuan sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $24.51, for a total transaction of $245,100.00. Following the transaction, the director now owns 8,000 shares of the company’s stock, valued at $196,080. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Cheng-Hsien Phidias Chou sold 2,000 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 3,137 shares in the company, valued at approximately $76,385.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,000 shares of company stock worth $511,580. Company insiders own 24.00% of the company’s stock.
A number of institutional investors have recently made changes to their positions in SMCI. State of Alaska Department of Revenue increased its position in shares of Super Micro Computer by 1.2% in the first quarter. State of Alaska Department of Revenue now owns 4,160 shares of the technology company’s stock worth $105,000 after buying an additional 50 shares during the period. US Bancorp DE increased its position in shares of Super Micro Computer by 3.0% in the first quarter. US Bancorp DE now owns 6,075 shares of the technology company’s stock worth $154,000 after buying an additional 176 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Super Micro Computer by 10.9% in the first quarter. BNP Paribas Arbitrage SA now owns 7,695 shares of the technology company’s stock worth $195,000 after buying an additional 755 shares during the period. Aperio Group LLC increased its position in shares of Super Micro Computer by 0.8% in the second quarter. Aperio Group LLC now owns 8,241 shares of the technology company’s stock worth $203,000 after buying an additional 68 shares during the period. Finally, Karp Capital Management Corp acquired a new position in shares of Super Micro Computer during the first quarter worth $207,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.
Super Micro Computer (NASDAQ:SMCI) traded up 4.75% during mid-day trading on Tuesday, reaching $26.45. The company’s stock had a trading volume of 528,719 shares. Super Micro Computer has a 52-week low of $19.32 and a 52-week high of $31.75. The stock has a market cap of $1.29 billion, a PE ratio of 23.18 and a beta of 0.14. The company has a 50 day moving average of $24.93 and a 200-day moving average of $25.38.
Super Micro Computer Company Profile
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.
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