$0.75 EPS Expected for Smart Global Holdings Inc (NASDAQ:SGH) This Quarter

Analysts expect Smart Global Holdings Inc (NASDAQ:SGH) to post $0.75 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Smart Global’s earnings, with the lowest EPS estimate coming in at $0.73 and the highest estimate coming in at $0.78. Smart Global posted earnings of $1.75 per share during the same quarter last year, which suggests a negative year over year growth rate of 57.1%. The business is scheduled to report its next earnings results on Tuesday, January 14th.

According to Zacks, analysts expect that Smart Global will report full year earnings of $3.23 per share for the current year, with EPS estimates ranging from $3.00 to $3.48. For the next financial year, analysts anticipate that the business will report earnings of $3.85 per share, with EPS estimates ranging from $3.58 to $4.11. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Smart Global.

Smart Global (NASDAQ:SGH) last announced its quarterly earnings data on Thursday, October 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). The firm had revenue of $278.40 million during the quarter, compared to the consensus estimate of $285.05 million. Smart Global had a return on equity of 25.19% and a net margin of 4.24%. The firm’s revenue for the quarter was down 25.6% compared to the same quarter last year. During the same period last year, the company earned $1.72 EPS.

SGH has been the subject of several analyst reports. Needham & Company LLC decreased their price objective on Smart Global from $40.00 to $35.00 and set a “buy” rating for the company in a report on Friday, October 4th. Roth Capital increased their price objective on Smart Global from $30.00 to $40.00 and gave the company a “buy” rating in a report on Friday, July 19th. Zacks Investment Research lowered Smart Global from a “hold” rating to a “strong sell” rating in a report on Thursday, October 10th. Barclays increased their price objective on Smart Global from $24.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Finally, TheStreet upgraded Smart Global from a “d+” rating to a “c” rating in a report on Monday, July 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $35.83.

In other news, SVP Kiwan Kim sold 7,084 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $31.77, for a total transaction of $225,058.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Bruce M. Goldberg sold 2,267 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $31.75, for a total value of $71,977.25. The disclosure for this sale can be found here. Insiders have sold a total of 11,551 shares of company stock worth $357,998 over the last ninety days. 4.20% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the company. Meadow Creek Investment Management LLC boosted its holdings in Smart Global by 45.6% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 2,400 shares of the company’s stock worth $55,000 after buying an additional 752 shares during the last quarter. Neuburgh Advisers LLC boosted its holdings in Smart Global by 45.6% in the 2nd quarter. Neuburgh Advisers LLC now owns 3,300 shares of the company’s stock worth $76,000 after buying an additional 1,034 shares during the last quarter. Aperio Group LLC purchased a new position in Smart Global in the 2nd quarter worth approximately $93,000. Tyers Asset Management LLC lifted its stake in Smart Global by 45.6% in the 2nd quarter. Tyers Asset Management LLC now owns 4,200 shares of the company’s stock worth $97,000 after purchasing an additional 1,316 shares in the last quarter. Finally, Riverhead Capital Management LLC lifted its stake in Smart Global by 42.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,000 shares of the company’s stock worth $115,000 after purchasing an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 94.58% of the company’s stock.

Shares of NASDAQ SGH opened at $28.13 on Monday. The company has a current ratio of 1.92, a quick ratio of 1.46 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $659.66 million, a PE ratio of 10.99, a price-to-earnings-growth ratio of 0.78 and a beta of 1.26. The stock’s fifty day simple moving average is $28.64 and its two-hundred day simple moving average is $24.82. Smart Global has a 12-month low of $16.94 and a 12-month high of $35.10.

Smart Global Company Profile

SMART Global Holdings, Inc designs, manufactures, and supplies specialty memory solutions worldwide. The company offers dynamic random access memory (DRAM) components, which are used to manufacture modules and other products; DRAM modules for desktop, notebook, and server applications, as well as for use in smartphones; and specialty DRAM modules for industrial, communications, and networking applications, as well as develops specialized memory module designs based on original equipment manufacturer (OEM) requirements.

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