Hanwha Q Cells Co Ltd -ADR (NASDAQ:HQCL) has been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Brokers have set a one year consensus price target of $8.00 for the company and are forecasting that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Hanwha Q Cells an industry rank of 128 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have issued reports on the company. Zacks Investment Research raised Hanwha Q Cells from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a research report on Wednesday, November 15th. Roth Capital set a $8.00 price target on Hanwha Q Cells and gave the company a “hold” rating in a research report on Saturday, November 25th. BidaskClub downgraded Hanwha Q Cells from a “hold” rating to a “sell” rating in a research report on Tuesday, December 5th. Finally, ValuEngine downgraded Hanwha Q Cells from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd.
Hanwha Q Cells (NASDAQ:HQCL) last posted its quarterly earnings results on Friday, November 10th. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. Hanwha Q Cells had a return on equity of 3.43% and a net margin of 0.75%. The firm had revenue of $543.00 million during the quarter, compared to the consensus estimate of $564.60 million. During the same quarter in the previous year, the business earned $0.50 earnings per share. The firm’s quarterly revenue was down 23.3% compared to the same quarter last year. equities analysts predict that Hanwha Q Cells will post 0.55 earnings per share for the current fiscal year.
Hanwha Q Cells Company Profile
Hanwha Q CELLS Co, Ltd., formerly Hanwha SolarOne Co, Ltd., is a global solar energy company engaged in the manufacturing of solar modules, and the development and management of downstream solar farms. It manufactures a range of photo voltaic (PV) cells and PV modules at its manufacturing facilities in China and Malaysia using manufacturing process technologies, including those developed at its research and development facilities in Germany.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hanwha Q Cells Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanwha Q Cells and related companies with MarketBeat.com's FREE daily email newsletter.