Smart Global (NASDAQ:SGH) Updates Q1 2021 After-Hours Earnings Guidance

Smart Global (NASDAQ:SGH) updated its first quarter 2021
After-Hours earnings guidance on Thursday. The company provided earnings per share guidance of 0.65-0.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.68. The company issued revenue guidance of $280-300 million, compared to the consensus revenue estimate of $286.12 million.

A number of equities analysts recently issued reports on the company. Needham & Company LLC initiated coverage on Smart Global in a report on Wednesday, July 8th. They issued a buy rating and a $35.00 target price on the stock. Rosenblatt Securities reiterated a buy rating and set a $45.00 price target on shares of Smart Global in a report on Wednesday, September 16th. BidaskClub upgraded Smart Global from a sell rating to a hold rating in a report on Thursday, September 17th. Zacks Investment Research downgraded Smart Global from a hold rating to a sell rating in a report on Thursday. Finally, ValuEngine upgraded Smart Global from a sell rating to a hold rating in a report on Friday, July 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $35.00.

NASDAQ SGH traded up $0.96 on Thursday, reaching $28.30. The stock had a trading volume of 604,953 shares, compared to its average volume of 251,508. The business has a 50 day moving average price of $25.70 and a 200 day moving average price of $25.57. The company has a current ratio of 1.85, a quick ratio of 1.26 and a debt-to-equity ratio of 0.73. Smart Global has a 1 year low of $16.42 and a 1 year high of $39.08. The company has a market capitalization of $683.70 million, a price-to-earnings ratio of -210.29 and a beta of 0.92.

Smart Global (NASDAQ:SGH) last issued its earnings results on Tuesday, July 7th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. Smart Global had a positive return on equity of 13.02% and a negative net margin of 0.28%. The firm had revenue of $281.30 million for the quarter, compared to the consensus estimate of $282.56 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The business’s quarterly revenue was up 19.2% compared to the same quarter last year. On average, analysts anticipate that Smart Global will post 1.77 earnings per share for the current fiscal year.

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 and Estimates for Smart Global (NASDAQ:SGH)

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