NVE Corporation (NVEC) Scheduled to Post Earnings on Wednesday
NVE Corporation (NASDAQ:NVEC) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, October 18th. Analysts expect NVE Corporation to post earnings of $0.61 per share for the quarter.
NVE Corporation (NASDAQ:NVEC) last announced its quarterly earnings data on Wednesday, July 19th. The semiconductor company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.02. NVE Corporation had a return on equity of 14.02% and a net margin of 44.87%. The firm had revenue of $7.61 million during the quarter. On average, analysts expect NVE Corporation to post $2.72 EPS for the current fiscal year and $2.80 EPS for the next fiscal year.
Shares of NVE Corporation (NASDAQ NVEC) opened at 81.05 on Wednesday. NVE Corporation has a 52 week low of $55.00 and a 52 week high of $88.34. The firm has a 50-day moving average price of $76.43 and a 200-day moving average price of $78.32. The firm has a market cap of $392.36 million, a PE ratio of 29.91 and a beta of 1.22.
Several research analysts have recently issued reports on NVEC shares. Craig Hallum lowered NVE Corporation from a “buy” rating to a “hold” rating and set a $79.00 target price for the company. in a research report on Thursday, July 20th. They noted that the move was a valuation call. Zacks Investment Research raised NVE Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, BidaskClub lowered NVE Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th.
NVE Corporation Company Profile
NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store and transmit information. The Company manufactures spintronic products, including sensors and couplers that are used to acquire and transmit data. The Company has also licensed its spintronic magnetoresistive random access memory technology (MRAM).
Receive News & Ratings for NVE Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVE Corporation and related companies with MarketBeat.com's FREE daily email newsletter.