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 guidance of $0.75-0.76 for the period, compared to the consensus earnings per share 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 Stock Performance

Shares of NASDAQ:SMCI traded up $1.67 on Tuesday, reaching $27.70. 89,850,492 shares of the company’s stock were exchanged, compared to its average volume of 80,670,117. Super Micro Computer has a twelve month low of $23.90 and a twelve month high of $122.90. The company has a fifty day moving average of $43.93 and a 200-day moving average of $66.15. The company has a market capitalization of $15.49 billion, a price-to-earnings ratio of 13.91 and a beta of 1.28. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Tuesday, August 6th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.14). The company had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.32 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The business’s revenue was up 142.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 earnings per share. On average, research analysts predict that Super Micro Computer will post 2.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Cfra reiterated a “hold” rating and issued a $45.40 target price (down from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. Wells Fargo & Company dropped their target price on shares of Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating on the stock in a research report on Wednesday, August 28th. Rosenblatt Securities restated a “buy” rating and issued a $130.00 price target on shares of Super Micro Computer in a report on Wednesday, August 7th. Nomura Securities lowered shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Finally, Mizuho initiated coverage on Super Micro Computer in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 target price for the company. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $71.33.

About Super Micro Computer

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.