Super Micro Computer (SMCI) Scheduled to Post Earnings on Tuesday

Super Micro Computer (NASDAQ:SMCI) 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) 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

In other news, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total value of $240,600.00. Following the completion of the sale, the director now directly owns 18,887 shares in the company, valued at approximately $15,147,374. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Tally C. Liu sold 500 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $839.17, for a total transaction of $419,585.00. Following the completion of the transaction, the director now directly owns 27,813 shares in the company, valued at approximately $23,339,835.21. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total value of $240,600.00. Following the transaction, the director now owns 18,887 shares of the company’s stock, valued at $15,147,374. The disclosure for this sale can be found here. Company insiders own 17.60% of the company’s stock.

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.

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.