Smart Global (NASDAQ:SGH) updated its first quarter 2021
After-Hours earnings guidance on Thursday. The company provided EPS guidance of 0.65-0.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.68. The company issued revenue guidance of $280-300 million, compared to the consensus revenue estimate of $286.12 million.Smart Global also updated its Q1 guidance to $0.65-$0.75 EPS.
A number of analysts have recently issued reports on SGH shares. Needham & Company LLC boosted their price objective on Smart Global from $35.00 to $39.00 and gave the company a buy rating in a research report on Friday. Barclays upped their target price on shares of Smart Global from $26.00 to $28.00 and gave the company an equal weight rating in a research note on Friday. Rosenblatt Securities reissued a buy rating and set a $45.00 price target on shares of Smart Global in a report on Wednesday, September 16th. ValuEngine upgraded Smart Global from a sell rating to a hold rating in a research report on Friday, July 10th. Finally, Zacks Investment Research downgraded Smart Global from a hold rating to a sell rating in a research report on Thursday. One 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 company currently has a consensus rating of Hold and an average target price of $35.86.
Shares of SGH opened at $28.30 on Friday. The business’s fifty day moving average price is $25.69 and its two-hundred day moving average price is $25.61. The firm has a market capitalization of $683.70 million, a price-to-earnings ratio of -217.68 and a beta of 0.92. Smart Global has a 52 week low of $16.42 and a 52 week high of $39.08. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.26 and a current ratio of 1.85.
Smart Global (NASDAQ:SGH) last released its earnings results on Thursday, October 1st. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. The company had revenue of $297.00 million during the quarter, compared to the consensus estimate of $299.16 million. Smart Global had a positive return on equity of 13.02% and a negative net margin of 0.28%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.50 earnings per share. As a group, research analysts forecast that Smart Global will post 1.77 EPS for the current year.
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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