Cirrus Logic (CRUS) to Release Earnings on Tuesday

Cirrus Logic (NASDAQ:CRUS) will be releasing its earnings data on Tuesday, January 30th.

Cirrus Logic (NASDAQ:CRUS) last announced its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $1.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.16. The firm had revenue of $425.50 million for the quarter, compared to the consensus estimate of $410.32 million. Cirrus Logic had a net margin of 17.11% and a return on equity of 25.37%. The company’s revenue was down .7% on a year-over-year basis. During the same period last year, the firm earned $1.35 EPS. On average, analysts expect Cirrus Logic to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of Cirrus Logic (CRUS) opened at $51.60 on Tuesday. The company has a market cap of $3,358.97 and a price-to-earnings ratio of 12.62. Cirrus Logic has a 52-week low of $48.61 and a 52-week high of $71.97.

In related news, Director Christine King sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $54.14, for a total transaction of $270,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 6,123 shares of company stock valued at $328,718 over the last ninety days. 1.92% of the stock is currently owned by corporate insiders.

Several brokerages have recently commented on CRUS. Zacks Investment Research upgraded shares of Cirrus Logic from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research report on Tuesday, October 3rd. Canaccord Genuity restated a “buy” rating and set a $76.00 price objective on shares of Cirrus Logic in a research report on Friday, November 3rd. BidaskClub downgraded shares of Cirrus Logic from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 12th. Needham & Company LLC restated a “buy” rating and set a $80.00 price objective on shares of Cirrus Logic in a research report on Friday, November 3rd. Finally, Craig Hallum restated a “hold” rating and set a $54.00 price objective (down from $63.00) on shares of Cirrus Logic in a research report on Friday, November 3rd. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $65.76.

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About Cirrus Logic

Cirrus Logic, Inc is engaged in providing integrated circuits (ICs) for audio and voice signal processing applications. The Company develops analog and mixed-signal ICs for a range of customers. The Company offers two product lines: Portable Audio, and Non-Portable Audio and Other. The Company’s primary facility housing engineering, sales and marketing, and administration functions is located in Austin, Texas.

Earnings History for Cirrus Logic (NASDAQ:CRUS)

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