Daqo New Energy (NYSE:DQ) will issue its quarterly earnings data before the market opens on Tuesday, May 21st. Analysts expect the company to announce earnings of $0.33 per share for the quarter.
Daqo New Energy (NYSE:DQ) last announced its earnings results on Wednesday, March 13th. The semiconductor company reported $1.27 EPS for the quarter, topping the consensus estimate of $0.20 by $1.07. The company had revenue of $75.60 million for the quarter, compared to analysts’ expectations of $72.40 million. Daqo New Energy had a return on equity of 13.10% and a net margin of 12.17%. The business’s revenue for the quarter was down 36.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.77 earnings per share. On average, analysts expect Daqo New Energy to post $2 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of DQ stock opened at $32.40 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.97 and a debt-to-equity ratio of 0.25. The firm has a market cap of $353.82 million, a PE ratio of 7.30, a price-to-earnings-growth ratio of 0.52 and a beta of 2.03. Daqo New Energy has a 52 week low of $20.35 and a 52 week high of $71.50.
Separately, Zacks Investment Research upgraded Daqo New Energy from a “sell” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Tuesday, January 15th. Two research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $45.00.
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Daqo New Energy Company Profile
Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon and wafers in the People's Republic of China. It operates through two segments, Polysilicon and Wafers. The company offers polysilicon to photovoltaic product manufacturers who further process its polysilicon into ingots, wafers, cells, and modules for solar power solutions.
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