Netlist, Inc. (NLST) Expected to Announce Earnings of $0.02 Per Share
Equities analysts expect Netlist, Inc. (NASDAQ:NLST) to report earnings per share (EPS) of $0.02 for the current quarter, Zacks reports. Two analysts have made estimates for Netlist’s earnings. The lowest EPS estimate is ($0.06) and the highest is $0.09. Netlist reported earnings of ($0.08) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 125%. The firm is scheduled to issue its next quarterly earnings report on Monday, November 13th.
On average, analysts expect that Netlist will report full-year earnings of ($0.11) per share for the current fiscal year, with EPS estimates ranging from ($0.22) to $0.00. For the next fiscal year, analysts forecast that the company will report earnings of $0.05 per share, with EPS estimates ranging from ($0.09) to $0.19. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Netlist.
Netlist (NASDAQ:NLST) last released its quarterly earnings results on Thursday, August 10th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.01. The firm had revenue of $11.40 million during the quarter, compared to analysts’ expectations of $10.65 million.
Several equities analysts recently issued reports on the company. B. Riley reissued a “buy” rating and issued a $2.80 target price on shares of Netlist in a research report on Monday, May 15th. Zacks Investment Research raised Netlist from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th.
Netlist (NASDAQ:NLST) traded down 28.57% during trading on Thursday, hitting $0.60. The stock had a trading volume of 4,683,805 shares. Netlist has a 52-week low of $0.58 and a 52-week high of $2.19. The firm’s market cap is $37.11 million. The company’s 50 day moving average is $1.09 and its 200 day moving average is $1.09.
In other Netlist news, CEO Chun K. Hong sold 24,732 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $1.09, for a total value of $26,957.88. Following the sale, the chief executive officer now directly owns 85,568 shares of the company’s stock, valued at $93,269.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Chun K. Hong sold 74,206 shares of the company’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $1.12, for a total transaction of $83,110.72. Following the completion of the sale, the chief executive officer now directly owns 85,568 shares in the company, valued at $95,836.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 200,200 shares of company stock worth $228,545. 15.42% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of the stock. B. Riley Financial Inc. raised its stake in Netlist by 42.9% in the second quarter. B. Riley Financial Inc. now owns 1,351,013 shares of the semiconductor company’s stock valued at $1,378,000 after buying an additional 405,375 shares during the last quarter. Royce & Associates LP raised its stake in Netlist by 20.1% in the first quarter. Royce & Associates LP now owns 1,200,500 shares of the semiconductor company’s stock valued at $1,188,000 after buying an additional 200,500 shares during the last quarter. Finally, Dialectic Capital Management LP raised its stake in Netlist by 1.2% in the first quarter. Dialectic Capital Management LP now owns 1,375,882 shares of the semiconductor company’s stock valued at $1,362,000 after buying an additional 16,511 shares during the last quarter. 31.74% of the stock is currently owned by institutional investors.
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Netlist Company Profile
Netlist, Inc designs, manufactures and sells a range of memory subsystems for datacenter, data storage and computing markets. The Company operates in the segment of design and manufacture of memory subsystems for the server, computing and communications markets. The Company’s memory subsystems consist of combinations of dynamic random access memory integrated circuits (DRAM ICs or DRAM), NAND flash memory (NAND flash), application-specific integrated circuits (ASICs) and other components assembled on printed circuit boards (PCBs).
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