Super Micro Computer (SMCI) to Release Quarterly Earnings on Tuesday

Super Micro Computer (NASDAQ:SMCI) is scheduled to be releasing its earnings data after the market closes on Tuesday, April 30th. Analysts expect Super Micro Computer to post earnings of $5.67 per share for the quarter. Persons that are 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 Monday, January 29th. The company reported $5.59 EPS for the quarter, topping analysts’ consensus estimates of $4.94 by $0.65. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the previous year, the business posted $3.09 earnings per share. The company’s revenue for the quarter was up 103.0% compared to the same quarter last year. On average, analysts expect Super Micro Computer to post $20 EPS for the current fiscal year and $26 EPS for the next fiscal year.

Super Micro Computer Trading Up 8.9 %

SMCI stock opened at $857.44 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19. The company has a fifty day moving average price of $948.90 and a two-hundred day moving average price of $566.72. Super Micro Computer has a one year low of $93.34 and a one year high of $1,229.00. The stock has a market cap of $47.96 billion, a price-to-earnings ratio of 66.94, a price-to-earnings-growth ratio of 0.70 and a beta of 1.28.

Wall Street Analyst Weigh In

A number of research firms have commented on SMCI. Argus began coverage on shares of Super Micro Computer in a research report on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 price objective for the company. Susquehanna lifted their price objective on shares of Super Micro Computer from $162.00 to $250.00 and gave the stock a “negative” rating in a research report on Tuesday, January 30th. Northland Securities lifted their price objective on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Monday, March 25th. Wedbush reissued a “neutral” rating and issued a $530.00 target price on shares of Super Micro Computer in a research report on Wednesday. Finally, KeyCorp began coverage on shares of Super Micro Computer in a research report on Wednesday. They issued a “sector weight” rating for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $949.85.

Insider Buying and Selling

In related news, SVP Don W. Clegg sold 28,727 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the sale, the senior vice president now owns 2,110 shares of the company’s stock, valued at $1,845,342.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $540.00, for a total transaction of $162,000.00. Following the completion of the sale, the director now owns 20,087 shares of the company’s stock, valued at $10,846,980. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Don W. Clegg sold 28,727 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the transaction, the senior vice president now directly owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The disclosure for this sale can be found here. Insiders sold 34,989 shares of company stock valued at $30,113,681 over the last quarter. 17.60% of the stock is owned by company insiders.

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.