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, Briefing.com 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.
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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