Super Micro Computer (NASDAQ:SMCI) Releases Q1 Earnings Guidance

Super Micro Computer (NASDAQ:SMCI) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.75-0.76 for the period, compared to the consensus earnings per share estimate of $0.73. The company issued revenue guidance of $5.9-6.0 billion, compared to the consensus revenue estimate of $6.44 billion. Super Micro Computer also updated its Q2 guidance to $0.56-0.65 EPS.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Cfra reissued a “hold” rating and issued a $45.40 price target (down from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. Susquehanna lifted their price target on Super Micro Computer from $28.50 to $32.50 and gave the stock a “negative” rating in a research note on Monday, July 15th. Barclays decreased their target price on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 2nd. Needham & Company LLC began coverage on shares of Super Micro Computer in a report on Wednesday, September 18th. They set a “buy” rating and a $60.00 price target on the stock. Finally, StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $71.33.

Super Micro Computer Price Performance

Shares of SMCI traded up $1.67 during mid-day trading on Tuesday, hitting $27.70. 89,767,718 shares of the company were exchanged, compared to its average volume of 80,631,945. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer has a 1-year low of $23.90 and a 1-year high of $122.90. The stock has a market cap of $15.49 billion, a price-to-earnings ratio of 13.22 and a beta of 1.28. The company has a 50 day moving average of $43.93 and a 200-day moving average of $66.15.

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 analysts’ consensus estimates of $0.76 by ($0.14). The firm had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The company’s revenue for the quarter was up 142.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 EPS. Analysts expect that Super Micro Computer will post 2.85 EPS for the current fiscal year.

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.