Super Micro Computer (SMCI) to Release Quarterly Earnings on Tuesday

Super Micro Computer (NASDAQ:SMCI) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $5.67 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Monday, January 29th. The company reported $5.59 EPS for the quarter, beating the consensus estimate of $4.94 by $0.65. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $2.80 billion. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The company’s quarterly revenue was up 103.0% on a year-over-year basis. During the same period in the prior year, the business earned $3.09 earnings per share. On average, analysts expect Super Micro Computer to post $20 EPS for the current fiscal year and $26 EPS for the next fiscal year.

Super Micro Computer Stock Up 8.9 %

SMCI stock opened at $857.44 on Friday. The company’s 50 day simple moving average is $948.90 and its 200-day simple moving average is $566.72. The firm has a market capitalization of $47.96 billion, a PE ratio of 66.94, a P/E/G ratio of 0.70 and a beta of 1.28. Super Micro Computer has a 12 month low of $93.34 and a 12 month high of $1,229.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19.

Insider Activity

In other news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $476.10, for a total value of $458,008.20. Following the transaction, the director now owns 2,714 shares of the company’s stock, valued at approximately $1,292,135.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $476.10, for a total value of $458,008.20. Following the transaction, the director now owns 2,714 shares of the company’s stock, valued at approximately $1,292,135.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sherman Tuan sold 5,000 shares of Super Micro Computer stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the sale, the director now directly owns 22,113 shares in the company, valued at approximately $19,326,319.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,989 shares of company stock valued at $30,113,681. Company insiders own 17.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SMCI. Bank of America raised their target price on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Wells Fargo & Company began coverage on shares of Super Micro Computer in a research report on Friday, February 16th. They set an “equal weight” rating and a $960.00 target price on the stock. Loop Capital raised their target price on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Susquehanna increased their price target on shares of Super Micro Computer from $162.00 to $250.00 and gave the stock a “negative” rating in a research note on Tuesday, January 30th. Finally, KeyCorp began coverage on shares of Super Micro Computer in a research note on Wednesday. They set a “sector weight” rating on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $949.85.

About Super Micro Computer

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.