SMART Global (NASDAQ:SGH) posted its quarterly earnings results on Tuesday. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.80 by $0.07, MarketWatch Earnings reports. SMART Global had a net margin of 0.06% and a return on equity of 16.65%. The company had revenue of $304.00 million during the quarter, compared to analysts’ expectations of $295.57 million. During the same quarter in the previous year, the business posted $0.52 EPS. The firm’s revenue was up 11.8% on a year-over-year basis. SMART Global updated its Q3 2021
After-Hours guidance to 1.00-1.20 EPS and its Q3 guidance to $1.00-$1.20 EPS.
Shares of NASDAQ SGH opened at $48.71 on Wednesday. The stock has a market cap of $1.21 billion, a PE ratio of 26.91 and a beta of 0.97. The company has a quick ratio of 1.46, a current ratio of 1.98 and a debt-to-equity ratio of 0.71. SMART Global has a 52-week low of $20.66 and a 52-week high of $50.29. The business has a 50-day moving average price of $46.54 and a 200 day moving average price of $36.16.
In related news, EVP Kiwan Kim sold 12,500 shares of the stock in a transaction on Monday, March 22nd. The shares were sold at an average price of $46.22, for a total transaction of $577,750.00. Following the completion of the sale, the executive vice president now owns 53,250 shares in the company, valued at approximately $2,461,215. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jack A. Pacheco sold 3,750 shares of the company’s stock in a transaction dated Monday, March 22nd. The shares were sold at an average price of $46.25, for a total transaction of $173,437.50. Following the completion of the sale, the chief financial officer now directly owns 95,206 shares of the company’s stock, valued at $4,403,277.50. The disclosure for this sale can be found here. Insiders have sold a total of 2,124,792 shares of company stock worth $85,781,692 in the last 90 days. 4.10% of the stock is currently owned by company insiders.
About SMART Global
SMART Global Holdings, Inc designs and manufactures electronic products focused in memory and computing technology areas. It offers dynamic random access memory (DRAM) modules for desktops, notebooks, and servers; and embedded and removable flash memory products; and flash component products, such as embedded multimedia controllers, and embedded and removal products in USB, CompactFlash and SD/microSD card configurations.
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