Super Micro Computer (SMCI) to Release Earnings on Tuesday

Super Micro Computer (NASDAQ:SMCIGet Rating) will be issuing its quarterly earnings data after the market closes on Tuesday, May 3rd. Analysts expect the company to announce earnings of $0.65 per share for the quarter. Super Micro Computer has set its Q3 guidance at $0.70-0.90 EPS and its FY22 guidance at at least $3.20 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Super Micro Computer (NASDAQ:SMCIGet Rating) last issued its quarterly earnings data on Tuesday, February 1st. The company reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.11. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. Super Micro Computer had a net margin of 3.00% and a return on equity of 11.50%. The company’s revenue was up 41.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 earnings per share. On average, analysts expect Super Micro Computer to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of SMCI opened at $42.78 on Tuesday. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 18.20 and a beta of 1.36. The company has a 50-day moving average of $40.07. Super Micro Computer has a fifty-two week low of $32.88 and a fifty-two week high of $47.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.91 and a quick ratio of 0.75.

In other Super Micro Computer news, Director Sherman Tuan sold 9,604 shares of the stock in a transaction dated Thursday, February 10th. The shares were sold at an average price of $39.00, for a total transaction of $374,556.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Charles Liang sold 5,388 shares of the stock in a transaction dated Tuesday, April 19th. The stock was sold at an average price of $42.00, for a total transaction of $226,296.00. Following the sale, the chief executive officer now owns 45,305 shares in the company, valued at $1,902,810. The disclosure for this sale can be found here. Insiders sold 54,604 shares of company stock worth $2,231,678 over the last 90 days. 16.70% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Legal & General Group Plc grew its stake in Super Micro Computer by 4.4% during the fourth quarter. Legal & General Group Plc now owns 13,500 shares of the company’s stock worth $593,000 after buying an additional 567 shares in the last quarter. Deutsche Bank AG grew its stake in Super Micro Computer by 4.9% during the fourth quarter. Deutsche Bank AG now owns 31,888 shares of the company’s stock worth $1,401,000 after buying an additional 1,484 shares in the last quarter. California State Teachers Retirement System grew its stake in Super Micro Computer by 3.4% during the fourth quarter. California State Teachers Retirement System now owns 58,197 shares of the company’s stock worth $2,558,000 after buying an additional 1,904 shares in the last quarter. Credit Suisse AG grew its stake in Super Micro Computer by 17.6% during the fourth quarter. Credit Suisse AG now owns 33,817 shares of the company’s stock worth $1,486,000 after buying an additional 5,056 shares in the last quarter. Finally, Allianz Asset Management GmbH acquired a new stake in Super Micro Computer during the fourth quarter worth about $224,000. Hedge funds and other institutional investors own 69.02% of the company’s stock.

Several equities analysts recently commented on SMCI shares. Zacks Investment Research upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Friday. StockNews.com started coverage on shares of Super Micro Computer in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $52.00.

About Super Micro Computer (Get Rating)

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high-performance server and storage solutions based on modular and open architecture. Its solutions range from complete server, storage, modular blade servers, blades, workstations, full racks, networking devices, server management software, and server sub-systems, as well as support and services.

Further Reading

Earnings History for Super Micro Computer (NASDAQ:SMCI)

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