SkyWater Technology (NASDAQ:SKYT – Get Free Report) is set to post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect SkyWater Technology to post earnings of ($0.05) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
SkyWater Technology (NASDAQ:SKYT – Get Free Report) last announced its quarterly earnings results on Monday, February 26th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.12. The business had revenue of $79.15 million for the quarter, compared to the consensus estimate of $74.90 million. SkyWater Technology had a negative return on equity of 30.58% and a negative net margin of 10.73%. On average, analysts expect SkyWater Technology to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
SkyWater Technology Stock Performance
Shares of NASDAQ SKYT opened at $10.26 on Wednesday. The business has a fifty day moving average price of $10.21 and a 200 day moving average price of $8.66. SkyWater Technology has a 1-year low of $4.73 and a 1-year high of $12.97. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 0.91. The stock has a market capitalization of $485.71 million, a P/E ratio of -15.31 and a beta of 4.29.
Insider Transactions at SkyWater Technology
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on SKYT. Piper Sandler raised their price target on shares of SkyWater Technology from $9.00 to $14.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. TD Cowen lifted their price target on shares of SkyWater Technology from $12.00 to $15.00 and gave the stock an “outperform” rating in a report on Tuesday, February 27th. Finally, Needham & Company LLC upped their price target on SkyWater Technology from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th.
View Our Latest Analysis on SKYT
SkyWater Technology Company Profile
SkyWater Technology, Inc, together with its subsidiaries, operates as a pure-play technology foundry that engages in the provision of semiconductor development, manufacturing, and packaging services in the United States. The company offers engineering and process development support services to co-create technologies with customers; and semiconductor manufacturing services for various silicon-based analog and mixed-signal, micro-electromechanical systems, and rad-hard integrated circuits.
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