Hanwha Q Cells Co. Ltd. (HQCL) Set to Announce Earnings on Tuesday
Hanwha Q Cells Co. Ltd. (NASDAQ:HQCL) is scheduled to release its earnings data before the market opens on Tuesday, November 22nd. Analysts expect Hanwha Q Cells Co. to post earnings of $0.21 per share for the quarter.
Hanwha Q Cells Co. (NASDAQ:HQCL) last released its quarterly earnings data on Tuesday, August 23rd. The company reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.44. Hanwha Q Cells Co. had a return on equity of 42.12% and a net margin of 8.03%. The business had revenue of $638 million for the quarter, compared to analyst estimates of $667.90 million. During the same quarter in the prior year, the firm posted ($0.17) EPS. The business’s quarterly revenue was up 88.8% compared to the same quarter last year. On average, analysts expect Hanwha Q Cells Co. to post $1.67 EPS for the current fiscal year and $0.72 EPS for the next fiscal year.
Shares of Hanwha Q Cells Co. Ltd. (NASDAQ:HQCL) opened at 8.94 on Monday. The company has a 50-day moving average price of $0.00 and a 200-day moving average price of $0.00.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Hanwha Q Cells Co. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 9th. Roth Capital lowered Hanwha Q Cells Co. from a “buy” rating to a “neutral” rating in a research report on Friday, August 5th.
A hedge fund recently raised its stake in Hanwha Q Cells Co. stock. Guggenheim Capital LLC increased its position in shares of Hanwha Q Cells Co. Ltd. (NASDAQ:HQCL) by 27.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 493,596 shares of the company’s stock after buying an additional 107,408 shares during the period. Guggenheim Capital LLC owned about 0.59% of Hanwha Q Cells Co. worth $7,108,000 as of its most recent SEC filing. 1.59% of the stock is owned by hedge funds and other institutional investors.
About Hanwha Q Cells Co.
Hanwha Q CELLS Co, Ltd., formerly Hanwha SolarOne Co, Ltd., is a global solar energy company engaged in the manufacturing of solar modules, and the development and management of downstream solar farms. It manufactures a range of photo voltaic (PV) cells and PV modules at its manufacturing facilities in China and Malaysia using manufacturing process technologies, including those developed at its research and development facilities in Germany.
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