Super Micro Computer (SMCI) Set to Announce Quarterly Earnings on Tuesday

Super Micro Computer (NASDAQ:SMCI) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, November 5th. Analysts expect Super Micro Computer to post earnings of $0.75 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.14). Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The firm had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same period in the previous year, the business posted $0.34 EPS. Super Micro Computer’s revenue for the quarter was up 142.9% compared to the same quarter last year. On average, analysts expect Super Micro Computer to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI opened at $26.05 on Friday. The business’s 50 day moving average is $44.64 and its 200-day moving average is $66.86. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $14.57 billion, a PE ratio of 13.09 and a beta of 1.28. Super Micro Computer has a 1-year low of $22.74 and a 1-year high of $122.90.

Analyst Ratings Changes

Several brokerages recently commented on SMCI. Bank of America lowered Super Micro Computer from a “buy” rating to a “neutral” rating and decreased their price target for the company from $109.00 to $70.00 in a research note on Wednesday, August 7th. Needham & Company LLC began coverage on Super Micro Computer in a research note on Wednesday, September 18th. They issued a “buy” rating and a $60.00 price target on the stock. Argus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday. Cfra reiterated a “hold” rating and issued a $45.40 price objective (down previously from $72.90) on shares of Super Micro Computer in a research report on Wednesday, August 28th. Finally, Nomura Securities downgraded Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $74.53.

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.