Analysts predict that Smart Global Holdings Inc (NASDAQ:SGH) will announce $0.92 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for Smart Global’s earnings. The company is scheduled to report its next earnings report after the market closes on Thursday, December 21st.

According to Zacks, analysts expect that Smart Global will report full-year earnings of $3.79 per share for the current financial year, with EPS estimates ranging from $3.70 to $4.00. For the next fiscal year, analysts forecast that the firm will report earnings of $4.04 per share, with EPS estimates ranging from $3.76 to $4.65. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Smart Global.

Smart Global (NASDAQ:SGH) last posted its quarterly earnings data on Thursday, September 28th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.64 by $0.15. The company had revenue of $223.00 million during the quarter, compared to analysts’ expectations of $210.54 million. The business’s revenue for the quarter was up 52.5% on a year-over-year basis.

A number of equities research analysts have issued reports on SGH shares. Deutsche Bank reiterated a “buy” rating and issued a $35.00 price target on shares of Smart Global in a research note on Tuesday, November 7th. Roth Capital increased their price target on Smart Global from $30.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Needham & Company LLC reiterated a “strong-buy” rating and issued a $43.00 price target (up previously from $40.00) on shares of Smart Global in a research note on Thursday, November 16th. Zacks Investment Research lowered Smart Global from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, Stifel Nicolaus increased their price target on Smart Global from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $36.06.

In other news, major shareholder Lake Sumeru (Offshore) Silver sold 3,051,471 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $32.10, for a total transaction of $97,952,219.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Iain Mackenzie sold 132,045 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $32.10, for a total value of $4,238,644.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,256,622 shares of company stock valued at $104,585,150.

Several large investors have recently made changes to their positions in the stock. FMR LLC bought a new position in shares of Smart Global in the 2nd quarter valued at about $13,569,000. Canada Pension Plan Investment Board bought a new position in shares of Smart Global in the 2nd quarter valued at about $10,231,000. Ameriprise Financial Inc. bought a new position in shares of Smart Global in the 2nd quarter valued at about $7,126,000. Boston Partners bought a new position in shares of Smart Global in the 3rd quarter valued at about $6,691,000. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of Smart Global in the 3rd quarter valued at about $4,296,000. 92.18% of the stock is owned by hedge funds and other institutional investors.

Shares of Smart Global (NASDAQ SGH) traded up $0.41 during mid-day trading on Wednesday, reaching $28.50. The company’s stock had a trading volume of 321,100 shares, compared to its average volume of 301,121. Smart Global has a 1-year low of $11.50 and a 1-year high of $43.15. The company has a quick ratio of 0.92, a current ratio of 1.45 and a debt-to-equity ratio of 1.87.

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Smart Global Company Profile

Smart Global Holdings Inc is a holding company. The Company through its subsidiaries provides specialty memory solutions. The Company manufactures memory for desktops, notebooks, servers and mobile memory for smartphones. The Company also serves original equipment manufacturer (OEM), customers to develop memory solutions.

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Earnings History and Estimates for Smart Global (NASDAQ:SGH)

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