SMART World (NASDAQ:SGH – Get Rating) final posted its quarterly earnings knowledge on Tuesday, October 4th. The corporate reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.14. The agency had income of $437.70 million for the quarter, in comparison with analysts’ expectations of $440.01 million. SMART World had a return on fairness of 42.03% and a web margin of three.66%. The enterprise’s quarterly income was down 6.4% on a year-over-year foundation. Throughout the identical interval within the earlier 12 months, the agency earned $0.93 EPS. On common, analysts anticipate SMART World to publish $2 EPS for the present fiscal 12 months and $2 EPS for the subsequent fiscal 12 months.
SMART World Buying and selling Down 1.5 %
SMART Global stock opened at $14.88 on Monday. SMART World has a 12-month low of $12.04 and a 12-month excessive of $37.25. The agency has a market capitalization of $732.75 million, a price-to-earnings ratio of 11.95 and a beta of 1.32. The agency has a 50 day shifting common of $15.75 and a 200 day shifting common of $17.00. The corporate has a present ratio of two.23, a fast ratio of 1.61 and a debt-to-equity ratio of 1.56.
Analysts Set New Value Targets
Numerous analysts have not too long ago issued experiences on the inventory. Barclays lowered their value goal on shares of SMART World from $22.00 to $15.00 and set an “obese” score for the corporate in a analysis word on Monday, October twenty fourth. Rosenblatt Securities lowered their value goal on SMART World from $45.00 to $38.00 and set a “purchase” score on the inventory in a analysis report on Wednesday, October fifth. Deutsche Financial institution Aktiengesellschaft reduce their goal value on SMART World from $28.00 to $24.00 and set a “purchase” score for the corporate in a analysis report on Wednesday, October fifth. Needham & Firm LLC decreased their goal value on SMART World from $30.00 to $23.00 in a analysis word on Tuesday, October twenty fifth. Lastly, TheStreet downgraded SMART World from a “b-” score to a “c+” score in a analysis word on Monday, September twenty sixth. 5 analysts have rated the inventory with a purchase score, In keeping with knowledge from MarketBeat.com, the corporate has a mean score of “Purchase” and a consensus value goal of $29.50.
Insider Shopping for and Promoting
In different SMART World information, SVP Thierry Pellegrino bought 8,426 shares of the agency’s inventory in a transaction that occurred on Tuesday, November fifteenth. The inventory was bought at a mean value of $17.23, for a complete transaction of $145,179.98. Following the completion of the transaction, the senior vp now owns 85,729 shares within the firm, valued at roughly $1,477,110.67. The transaction was disclosed in a doc filed with the Securities & Trade Fee, which is accessible via this link. 3.70% of the inventory is owned by firm insiders.
Institutional Buying and selling of SMART World
Hedge funds and different institutional traders have not too long ago purchased and bought shares of the inventory. Vanguard Group Inc. boosted its holdings in SMART World by 5.2% through the third quarter. Vanguard Group Inc. now owns 4,540,412 shares of the corporate’s inventory valued at $72,056,000 after buying an extra 222,867 shares through the interval. State Avenue Corp boosted its place in SMART World by 1.9% within the third quarter. State Avenue Corp now owns 2,822,430 shares of the corporate’s inventory valued at $44,792,000 after shopping for an extra 52,397 shares through the interval. Clearbridge Investments LLC grew its stake in SMART World by 323.3% within the 1st quarter. Clearbridge Investments LLC now owns 1,563,323 shares of the corporate’s inventory price $40,381,000 after buying an extra 1,194,012 shares within the final quarter. Dimensional Fund Advisors LP elevated its place in shares of SMART World by 93.8% through the first quarter. Dimensional Fund Advisors LP now owns 1,369,486 shares of the corporate’s inventory price $35,375,000 after buying an extra 662,841 shares through the interval. Lastly, The Producers Life Insurance coverage Firm raised its stake in shares of SMART World by 97.9% through the first quarter. The Producers Life Insurance coverage Firm now owns 1,062,370 shares of the corporate’s inventory valued at $27,441,000 after buying an extra 525,616 shares within the final quarter.
SMART World Firm Profile
SMART World Holdings, Inc designs and manufactures specialty options for the computing, reminiscence, and LED markets in the USA, Brazil, China, Europe, and internationally. It operates via three segments: Reminiscence Options, Clever Platform Options, and LED Options. The corporate provides dynamic random entry reminiscence modules for desktops, notebooks, servers, and smartphones; embedded and detachable flash reminiscence merchandise; and flash part merchandise.
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