Hanwha Q CELLS Co., Ltd. (HQCL) Issues Earnings Results, Beats Expectations By $0.01 EPS
Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) released its quarterly earnings data on Friday. The semiconductor company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01, Briefing.com reports. The firm had revenue of $543.00 million for the quarter, compared to the consensus estimate of $564.60 million. Hanwha Q CELLS Co. had a net margin of 2.30% and a return on equity of 11.55%. The firm’s revenue was down 23.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 earnings per share.
Shares of Hanwha Q CELLS Co. (HQCL) traded down $0.69 on Friday, reaching $8.36. 61,900 shares of the company’s stock were exchanged, compared to its average volume of 36,864. The company has a current ratio of 0.97, a quick ratio of 0.73 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $752.89, a PE ratio of 14.60 and a beta of 2.00. Hanwha Q CELLS Co. has a one year low of $6.09 and a one year high of $9.97.
A number of research firms recently commented on HQCL. Axiom Securities reissued a “sell” rating on shares of Hanwha Q CELLS Co. in a report on Friday, September 8th. Zacks Investment Research downgraded shares of Hanwha Q CELLS Co. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, BidaskClub raised shares of Hanwha Q CELLS Co. from a “hold” rating to a “buy” rating in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Hanwha Q CELLS Co. presently has an average rating of “Hold” and a consensus target price of $7.75.
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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