According to Zacks Investment Research, Semtech Co. (NASDAQ: SMTC) is expected to announce $0.48 EPS for this fiscal quarter. Semtech Co. will reportedly announce its report on the quarterly earnings on Wednesday, 10th March.
Compared to last year, the earnings of this year show considerable change. Last year NASDAQ: SMTC posted its quarterly earnings for this same quarter as $0.40. This suggests that the firm had a positive growth rate on a year-over-year basis of 20% this quarter.
Semtech Co. (NASDAQ: SMTC) Stock Analysis
SMTC stocks traded at $70.99 this Thursday. The company’ current market capitalization stands at $4.61 billion. It has a positive PE ratio of 102.89 along with a beta of 1.66 at the moment. The 12-monthly high to low ranges from $73.91 to $26.03. The 50SMA (50 Days Simple Moving Average) stands at $68.07 and its 200SMA stands at $58.48. The debt-to-equity of this company is 0.28. The current ratio stands at 4.45 and the quick ratio stands at 3.69.
The quarterly earnings report for the previous quarter was released on the 1st of December. The earnings stood at $0.47 EPS as opposed to the general consensus of $0.46. The company’s return on equity stands at 9.25% along with the net margin of 8.34%. The estimated income for the company was marked at $149.88 million but it made $154.08 million for the quarter. Expert analysts further expect that the company will post its FY2020 earnings of 1.72 per share and the FY2021 will stand at $2.20.
NASDAQ: SMTC has recently been the subject of a lot of reports by research analysts. Some such as Needham & Company LLC, Oppenheimer, B. Riley, Cowen, and so on have posted reports on this company over the last few months. Several hedge funds and institutional investors have also been involved in buying and selling of Semtech shares recently.