Q2 2020 EPS Estimates for SMTC Co. Decreased by B. Riley (NASDAQ:SMTX)
SMTC Co. (NASDAQ:SMTX) – Research analysts at B. Riley dropped their Q2 2020 earnings estimates for SMTC in a research report issued on Tuesday, July 28th. B. Riley analyst M. Crawford now expects that the technology company will post earnings per share of ($0.03) for the quarter, down from their previous estimate of ($0.02).
Separately, Zacks Investment Research cut SMTC from a “hold” rating to a “sell” rating in a research note on Friday.
SMTC (NASDAQ:SMTX) last released its earnings results on Wednesday, May 6th. The technology company reported $0.07 EPS for the quarter. The firm had revenue of $95.14 million for the quarter, compared to analysts’ expectations of $91.00 million. SMTC had a negative net margin of 1.76% and a positive return on equity of 17.18%.
An institutional investor recently bought a new position in SMTC stock. Cadence Capital Management LLC acquired a new stake in SMTC Co. (NASDAQ:SMTX) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 261,223 shares of the technology company’s stock, valued at approximately $609,000. Cadence Capital Management LLC owned 0.93% of SMTC as of its most recent filing with the SEC. Institutional investors and hedge funds own 14.87% of the company’s stock.
SMTC Corporation provides electronics manufacturing services worldwide. The company offers end-to-end electronics manufacturing services, including product design and engineering; printed circuit board assembly; production, enclosure, cable assembly, and precision metal fabrication; systems integration and testing; and configuration to order, build to order, and direct order fulfillment services.
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