Super Micro Computer, Inc. (SMCI) Expected to Announce Quarterly Sales of $660.16 Million
Equities analysts predict that Super Micro Computer, Inc. (NASDAQ:SMCI) will post sales of $660.16 million for the current quarter, according to Zacks. Three analysts have made estimates for Super Micro Computer’s earnings. The lowest sales estimate is $645.00 million and the highest is $680.39 million. Super Micro Computer reported sales of $528.97 million in the same quarter last year, which indicates a positive year over year growth rate of 24.8%. The company is scheduled to announce its next quarterly earnings report after the market closes on Thursday, October 26th.
On average, analysts expect that Super Micro Computer will report full year sales of $660.16 million for the current year, with estimates ranging from $2.84 billion to $2.94 billion. For the next financial year, analysts forecast that the business will post sales of $3.06 billion per share, with estimates ranging from $2.93 billion to $3.16 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Super Micro Computer.
Several equities research analysts recently issued reports on SMCI shares. Maxim Group reaffirmed a “buy” rating and set a $45.00 price target on shares of Super Micro Computer in a report on Friday, October 27th. Citigroup decreased their price target on shares of Super Micro Computer from $31.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, September 19th. Wells Fargo & Company started coverage on shares of Super Micro Computer in a report on Tuesday, November 14th. They set a “market perform” rating and a $20.00 price target on the stock. TheStreet lowered shares of Super Micro Computer from a “b-” rating to a “c” rating in a report on Tuesday, October 10th. Finally, Zacks Investment Research lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $28.13.
Super Micro Computer (SMCI) opened at $21.55 on Wednesday. The company has a market cap of $1,071.25, a PE ratio of 16.42, a price-to-earnings-growth ratio of 1.28 and a beta of -0.06. The company has a quick ratio of 1.15, a current ratio of 2.34 and a debt-to-equity ratio of 0.12. Super Micro Computer has a 1-year low of $17.70 and a 1-year high of $31.75.
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.
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