Super Micro Computer (SMCI) to Release Earnings on Tuesday

Super Micro Computer (NASDAQ:SMCI - Get Free Report) 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 interested in listening to the company's earnings conference call can do so using this link.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings data on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, topping the consensus estimate of $4.94 by $0.65. The firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $2.80 billion. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The company's quarterly revenue was up 103.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.09 EPS. On average, analysts expect Super Micro Computer to post $20 EPS for the current fiscal year and $24 EPS for the next fiscal year.

Super Micro Computer Trading Up 6.3 %

NASDAQ:SMCI traded up $44.84 on Tuesday, hitting $761.86. 8,302,985 shares of the stock were exchanged, compared to its average volume of 9,896,123. The stock has a market capitalization of $42.61 billion, a price-to-earnings ratio of 59.47, a P/E/G ratio of 0.63 and a beta of 1.28. Super Micro Computer has a 52 week low of $93.19 and a 52 week high of $1,229.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 2.43. The company's 50-day moving average price is $954.67 and its 200 day moving average price is $558.04.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SMCI. Bank of America boosted their price objective on Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a "buy" rating in a report on Wednesday, March 13th. Loop Capital boosted their target price on Super Micro Computer from $600.00 to $1,500.00 and gave the stock a "buy" rating in a research report on Tuesday, April 16th. The Goldman Sachs Group initiated coverage on Super Micro Computer in a research report on Monday, March 4th. They set a "neutral" rating and a $941.00 target price for the company. JPMorgan Chase & Co. initiated coverage on Super Micro Computer in a research report on Monday, March 25th. They set an "overweight" rating and a $1,150.00 target price for the company. Finally, Wells Fargo & Company initiated coverage on Super Micro Computer in a research report on Friday, February 16th. They set an "equal weight" rating and a $960.00 target price for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $949.85.

Insider Activity at Super Micro Computer

In related news, SVP Don W. Clegg sold 28,727 shares of the business's stock in a transaction on 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 sale, the senior vice president now directly owns 2,110 shares in the company, valued at approximately $1,845,342.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, SVP Don W. Clegg sold 28,727 shares of the company's stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total value of $25,123,772.39. Following the completion of the transaction, the senior vice president now directly owns 2,110 shares in the company, valued at approximately $1,845,342.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sherman Tuan sold 5,000 shares of the company's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $873.98, for a total value of $4,369,900.00. Following the completion of the transaction, the director now owns 22,113 shares of the company's stock, valued at $19,326,319.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,989 shares of company stock worth $30,113,681. 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.