Super Micro Computer (NASDAQ:SMCI) Releases Q1 Earnings Guidance

Super Micro Computer (NASDAQ:SMCI) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.75-0.76 for the period, compared to the consensus estimate of $0.73. The company issued revenue guidance of $5.9-6.0 billion, compared to the consensus revenue estimate of $6.44 billion. Super Micro Computer also updated its Q2 guidance to $0.56-0.65 EPS.

Super Micro Computer Trading Up 6.4 %

Super Micro Computer stock traded up $1.67 during mid-day trading on Tuesday, reaching $27.70. 89,850,492 shares of the company traded hands, compared to its average volume of 80,670,117. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer has a 52-week low of $23.90 and a 52-week high of $122.90. The firm has a market capitalization of $15.49 billion, a price-to-earnings ratio of 13.91 and a beta of 1.28. The firm’s 50 day moving average price is $43.93 and its 200 day moving average price is $66.15.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.14). Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The company had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter last year, the business earned $0.34 earnings per share. The business’s quarterly revenue was up 142.9% on a year-over-year basis. On average, analysts anticipate that Super Micro Computer will post 2.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SMCI has been the topic of a number of research reports. Cfra restated a “hold” rating and set a $45.40 target price (down previously from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. Wells Fargo & Company cut their price objective on shares of Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating on the stock in a report on Wednesday, August 28th. Mizuho began coverage on Super Micro Computer in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price target on the stock. The Goldman Sachs Group reduced their price target on shares of Super Micro Computer from $77.50 to $67.50 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Finally, StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $71.33.

Super Micro Computer Company Profile

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.