Switch - SWCH Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 11 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" SWCH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SWCH, but not buy additional shares or sell existing shares.
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12 analysts have issued 12 month price objectives for Switch's stock. Their SWCH share price forecasts range from $30.00 to $35.00. On average, they predict the company's share price to reach $32.32 in the next twelve months. This suggests that the stock has a possible downside of 5.6%.
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Switch's stock was trading at $28.64 at the start of the year. Since then, SWCH shares have increased by 19.5% and is now trading at $34.23.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our SWCH earnings forecast.

Switch, Inc. (NYSE:SWCH) posted its quarterly earnings data on Wednesday, November, 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by $0.07. The business earned $174.47 million during the quarter, compared to analysts' expectations of $169.52 million. Switch had a trailing twelve-month return on equity of 1.06% and a net margin of 56.70%.

Switch announced a quarterly dividend on Wednesday, November 9th. Stockholders of record on Monday, November 21st will be given a dividend of $0.052 per share on Thursday, December 1st. This represents a $0.21 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, November 18th.
Read our dividend analysis for SWCH.

Switch (NYSE:SWCH) pays an annual dividend of $0.21 per share and currently has a dividend yield of 0.61%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, SWCH will have a dividend payout ratio of 100.00% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SWCH.

82 employees have rated Switch Chief Executive Officer Rob Roy on Glassdoor.com. Rob Roy has an approval rating of 78% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Switch investors own include Advanced Micro Devices (AMD), Micron Technology (MU), Bank of Hawaii (BOH), NVIDIA (NVDA), Gilead Sciences (GILD), Block (SQ), Alibaba Group (BABA), InterDigital (IDCC), STAG Industrial (STAG) and Teladoc Health (TDOC).

(SWCH) raised $470 million in an initial public offering (IPO) on Friday, October 6th 2017. The company issued 31,300,000 shares at a price of $14.00-$16.00 per share. Goldman Sachs, J.P. Morgan, BMO Capital Markets and Wells Fargo Securities served as the underwriters for the IPO and Citigroup, Credit Suisse, Jefferies, BTIG, Raymond James, Stifel and WilliamBlair were co-managers.

Switch trades on the New York Stock Exchange (NYSE) under the ticker symbol "SWCH."

Switch's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (5.11%), Royal Bank of Canada (4.81%), Pentwater Capital Management LP (2.94%), BlackRock Inc. (2.92%), Balyasny Asset Management LLC (2.74%) and Alpine Associates Management Inc. (1.08%). Insiders that own company stock include Erin Thomas Morton, Lp Borden, Melissa Young, Michael David Borden, Peter M Thomas, Rob Roy, Stella Roy, Teresa A Borden, Thomas A Thomas and Thomas A Thomas.
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Shares of SWCH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SWCH stock can currently be purchased for approximately $34.23.

Switch (NYSE:SWCH) has a market capitalization of $8.39 billion and generates $592.04 million in revenue each year. The company earns $5.41 million in net income (profit) each year or $1.52 on an earnings per share basis.

The company employs 829 workers across the globe.

Switch's mailing address is 7135 S. Decatur Boulevard, Las Vegas NV, 89118. The official website for the company is www.switch.com. The company can be reached via phone at (702) 444-4111 or via email at investorrelations@switch.com.