Super Micro Computer (NASDAQ:SMCI – Get Free Report) will post its quarterly earnings results after the market closes on Tuesday, August 6th. Analysts expect Super Micro Computer to post earnings of $7.63 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Super Micro Computer (NASDAQ:SMCI – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The company reported $6.56 earnings per share for the quarter, beating the consensus estimate of $5.42 by $1.14. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.96 billion. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. On average, analysts expect Super Micro Computer to post $21 EPS for the current fiscal year and $30 EPS for the next fiscal year.
Super Micro Computer Trading Down 4.5 %
Shares of NASDAQ SMCI traded down $31.14 during midday trading on Tuesday, hitting $666.59. The stock had a trading volume of 1,967,912 shares, compared to its average volume of 8,220,852. The company has a market capitalization of $37.28 billion, a price-to-earnings ratio of 38.23, a PEG ratio of 0.45 and a beta of 1.27. Super Micro Computer has a 1-year low of $226.59 and a 1-year high of $1,229.00. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average price of $833.45 and a 200 day moving average price of $825.82.
Insider Activity
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Loop Capital lifted their price objective on Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. KeyCorp started coverage on Super Micro Computer in a research note on Wednesday, April 24th. They issued a “sector weight” rating on the stock. Nomura Securities lowered Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Rosenblatt Securities reissued a “buy” rating and set a $1,300.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 1st. Finally, Wells Fargo & Company reduced their price target on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $999.92.
View Our Latest Stock Report on SMCI
Super Micro Computer Company Profile
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.
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