Smart Global (NASDAQ:SGH) Announces Quarterly Earnings Results

Smart Global (NASDAQ:SGH) released its quarterly earnings results on Thursday. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.01, reports. The business had revenue of $272.00 million for the quarter, compared to analyst estimates of $279.30 million. Smart Global had a net margin of 4.24% and a return on equity of 25.15%. The business’s revenue for the quarter was down 31.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.75 earnings per share. Smart Global updated its Q2 2020
After-Hours guidance to 0.45-0.55 EPS and its Q2 guidance to $0.45-0.55 EPS.

NASDAQ SGH opened at $36.54 on Friday. The company has a fifty day simple moving average of $31.29 and a two-hundred day simple moving average of $27.96. The stock has a market cap of $867.72 million, a P/E ratio of 14.27, a P/E/G ratio of 0.85 and a beta of 1.26. Smart Global has a 12-month low of $16.94 and a 12-month high of $36.90. The company has a current ratio of 1.99, a quick ratio of 1.49 and a debt-to-equity ratio of 0.67.

SGH has been the subject of a number of recent analyst reports. BidaskClub raised Smart Global from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 13th. Stifel Nicolaus assumed coverage on Smart Global in a research report on Wednesday, November 13th. They set a “buy” rating on the stock. Zacks Investment Research raised Smart Global from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 5th. ValuEngine cut Smart Global from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Finally, Deutsche Bank raised their price target on Smart Global from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $38.17.

About Smart Global

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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Earnings History for Smart Global (NASDAQ:SGH)

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