How were Switch's earnings last quarter?

Switch, Inc. (NYSE:SWCH) released its quarterly earnings data on Thursday, November, 4th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by $0.03. The business had revenue of $158.10 million for the quarter, compared to analyst estimates of $159.58 million. Switch had a trailing twelve-month return on equity of 1.06% and a net margin of 56.70%. The business's quarterly revenue was up 22.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 EPS.

Is Switch a good dividend stock?

Switch (NYSE:SWCH) pays an annual dividend of $0.21 per share and currently has a dividend yield of 0.61%. 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 .

What is Rob Roy's approval rating as Switch's CEO?

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.

What other stocks do shareholders of Switch own?

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) .

Switch (SWCH) raised $470 million in an initial public offering on Friday, October 6th 2017. The company issued 31,300,000 shares at $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.

NYSE:SWCH

Switch (SWCH) Stock Price, News & Analysis

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Compare

Today's Range: $34.23
▼
$34.26
50-Day Range: $33.88
▼
$34.25
52-Week Range: $23.03
▼
$34.26

Volume: 7.55 million shs
Average Volume: 2.34 million shs
Market Capitalization: $8.39 billion

P/E Ratio: 22.53
Dividend Yield: 0.61%
Price Target: N/A

Stock Analysis

Get Switch alerts:

Switch MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: -1.93
Upright™ Environmental Score
News Sentiment: -0.03
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -88.77%
From $1.87 to $0.21 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.33 out of 5 stars

Business Services Sector

288th out of 293 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

53rd out of 56 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Switch.

N/A

Short Interest

Short Interest
There is no current short interest data available for SWCH.

0.8

Dividend Strength

Dividend Yield
Switch has a dividend yield of 0.61%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Switch does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Switch is 13.82%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on EPS estimates, Switch will have a dividend payout ratio of 100.00% in the coming year. This indicates that Switch may not be able to sustain their current dividend.

2.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Switch has received a 4.52% net impact score from Upright. Switch seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is false driven by its "Wholesale of fruit juices", "Pure fruit juices packaged in aluminium cans", and "Aluminium cans" products. See details.
Environmental Sustainability
The Environmental Impact score for Switch is -1.93.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 2 news articles for Switch this week, compared to 0 articles on an average week.
Search Interest
1 people have searched for SWCH on MarketBeat in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Switch insiders have not sold or bought any company stock.
Percentage Held by Insiders
14.00% of the stock of Switch is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
52.58% of the stock of Switch is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Switch are expected to decrease by -88.77% in the coming year, from $1.87 to $0.21 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Switch is 22.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.19.
Price to Earnings Ratio vs. Sector
The P/E ratio of Switch is 22.53, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 36.70.
Price to Book Value per Share Ratio
Switch has a P/B Ratio of 13.48. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Switch Stock (NYSE:SWCH)

Switch, Inc., through its subsidiary, Switch, Ltd., provides colocation space and related services. It develops and operates data centers in Nevada, Michigan, and Georgia. The company serves technology and digital media companies, financial institutions, government agencies, and network and telecommunications providers, as well as cloud, IT, and software providers. Switch, Inc. was founded in 2000 and is headquartered in Las Vegas, Nevada.

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SWCH Stock News Headlines

April 14, 2024 | msn.com

Street Calls of the Week: Upgrade for Nike; downgrade for Arista Networks

April 12, 2024 | reuters.com

Morning Bid: Eyes switch to earnings, China trade miss, tense Middle East

April 19, 2024 | InvestorPlace (Ad)

New crypto project uncovers 2,050% in 65 days

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April 4, 2024 | msn.com

This forgotten AI stock could surge soon - analysts

February 19, 2024 | msn.com

Asian stocks muted as rate cut hopes wane; China reopens higher

February 18, 2024 | msn.com

Nintendo shares slide on reports of delayed Switch successor release

February 15, 2024 | cbsnews.com

The best Nintendo Switch games you can play right now

February 6, 2024 | msn.com

Nintendo hikes Switch forecast as hardware launch expectations rise

April 19, 2024 | InvestorPlace (Ad)

New crypto project uncovers 2,050% in 65 days

During the event on Tuesday, April 23 at 10 am ET, I’ll be giving away the name and ticker symbol of crypto that could surge in price. I believe it will be the best performing crypto of 2024.

January 26, 2024 | bizjournals.com

Switch tees up expansion of data center in Southeast Austin

November 8, 2023 | investing.com

'Mario Wonder' latest mushroom power-up for Nintendo Switch

November 7, 2023 | investing.com

Nintendo hikes profit forecast as Switch battles on

September 21, 2023 | msn.com

Nationwide Building Society introduces £200 switch offer and 8% savings rate

August 1, 2023 | thetimes.co.uk

How to switch bank accounts

May 31, 2023 | investorplace.com

LCID Stock Alert: Lucid Motors Switches Up Auditors

November 29, 2022 | finance.yahoo.com

Switch Named One of the Top 5 Tech Companies for Solar Use by the Solar Energy Industries Association

November 21, 2022 | investorplace.com

CEO Switcharoo Sends Disney (DIS) Stock Higher

November 12, 2022 | it.tmcnet.com

LOGIX Fiber Networks Signs Agreement to Build Fiber to Switch's Data Center Campus in Texas

November 9, 2022 | finance.yahoo.com

Switch (SWCH) Reports Q3 Loss, Tops Revenue Estimates

November 9, 2022 | finance.yahoo.com

Switch Announces Third Quarter 2022 Financial Results

October 18, 2022 | cnet.com

Nintendo Switch Sports Will Compensate Players After Recent Downtime - CNET

October 13, 2022 | 9to5mac.com

Eve’s new HomeKit Light Switch features Thread and support for 3-way wiring - 9to5Mac

October 6, 2022 | businesswire.com

NieR:Automata The End of YoRHa Edition Now Available for Nintendo Switch - Business Wire

October 5, 2022 | washingtonpost.com

Nier: Automata, one of the best games ever, is great on Nintendo Switch - The Washington Post

October 1, 2022 | nasdaq.com

Switch Becomes Oversold (SWCH)

September 30, 2022 | cnet.com

Pokemon Scarlet and Violet Edition of Nintendo Switch OLED Preorders Start Today - CNET

September 21, 2022 | forbes.com

‘Nascar Rivals’ Game For Nintendo Switch Comes As ‘Nascar 21: Ignition’ Gets Next Gen Update - Forbes

See More Headlines

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Company Calendar

Last Earnings: 11/04/2021
Today: 4/19/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Business Services
Industry: Computer programming, data processing, & other computer related
Sub-Industry: N/A
Current Symbol: NYSE:SWCH
CUSIP: N/A
CIK: 1710583
Web: www.switch.com
Phone: (702) 444-4111
Fax: N/A
Employees: 829
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $1.52
Trailing P/E Ratio: 22.53
Forward P/E Ratio: 18.32
P/E Growth: N/A
Net Income: $5.41 million
Net Margins: 56.70%
Pretax Margin: 58.45%
Return on Equity: 1.06%
Return on Assets: 0.28%

Debt

Debt-to-Equity Ratio: 1.88
Current Ratio: 0.37
Quick Ratio: 0.37

Sales & Book Value

Annual Sales: $592.04 million
Price / Sales: 14.18
Cash Flow: $0.82 per share
Price / Cash Flow: 41.56
Book Value: $2.54 per share
Price / Book: 13.48

Miscellaneous

Outstanding Shares: 245,064,000
Free Float: 210,755,000
Market Cap: $8.39 billion
Optionable: Optionable
Beta: 0.59

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Key Executives

Mr. Rob Roy (Age 53)
Founder, Chairman & CEO
Comp: $3.02M
Mr. Erin Thomas Morton (Age 53)
Pres, Chief Legal Officer & Sec.
Comp: $2.09M
Mr. Gabriel Nacht (Age 61)
Chief Financial Officer
Comp: $941.91k
Ms. Melissa Young (Age 50)
Chief Information Officer
Comp: $661.07k
Mr. Jonathan H. King
Chief Revenue Officer
Ms. Jennifer Arias
Sr. VP of Accounting & Controller
Mr. Eddie Schutter
Chief Technology Officer
Mr. Matthew Scott Heinz C.F.A.
VP of Investor Relations and Financial Planning & Analysis
Kathleen Tam
Exec. VP of Corp. Affairs & Deputy Gen. Counsel
Ms. Heather Ellerbe
VP of Marketing

Key Competitors

View All Competitors

SWCH Stock Analysis - Frequently Asked Questions

How were Switch's earnings last quarter?: Switch, Inc. (NYSE:SWCH) released its quarterly earnings data on Thursday, November, 4th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by $0.03. The business had revenue of $158.10 million for the quarter, compared to analyst estimates of $159.58 million. Switch had a trailing twelve-month return on equity of 1.06% and a net margin of 56.70%. The business's quarterly revenue was up 22.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 EPS.
Is Switch a good dividend stock?: Switch (NYSE:SWCH) pays an annual dividend of $0.21 per share and currently has a dividend yield of 0.61%. 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.
What is Rob Roy's approval rating as Switch's CEO?: 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.

What other stocks do shareholders of Switch own?: 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).
When did Switch IPO?: Switch (SWCH) raised $470 million in an initial public offering on Friday, October 6th 2017. The company issued 31,300,000 shares at $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.

This page (NYSE:SWCH) was last updated on 4/19/2024 by MarketBeat.com Staff

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Switch (SWCH) Stock Price, News & Analysis

Switch MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Switch Stock (NYSE:SWCH)

SWCH Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

SWCH Stock Analysis - Frequently Asked Questions

Overall MarketRank^™