SMART Global (SGH) Set to Announce Earnings on Tuesday

SMART Global (NASDAQ:SGH) is scheduled to be releasing its earnings data after the market closes on Tuesday, October 15th. Analysts expect SMART Global to post earnings of $0.40 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

SMART Global Stock Performance

Shares of SMART Global stock opened at $20.76 on Friday. The firm has a market capitalization of $1.10 billion, a P/E ratio of -6.74 and a beta of 1.67. The business’s fifty day simple moving average is $19.96 and its 200 day simple moving average is $21.27. The company has a current ratio of 3.30, a quick ratio of 2.66 and a debt-to-equity ratio of 1.80. SMART Global has a 12 month low of $12.66 and a 12 month high of $29.81.

Insiders Place Their Bets

In other news, COO Jack A. Pacheco sold 13,333 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $23.16, for a total transaction of $308,792.28. Following the completion of the transaction, the chief operating officer now owns 211,896 shares in the company, valued at $4,907,511.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other SMART Global news, COO Jack A. Pacheco sold 13,333 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $23.16, for a total value of $308,792.28. Following the completion of the sale, the chief operating officer now owns 211,896 shares of the company’s stock, valued at $4,907,511.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jack A. Pacheco sold 13,334 shares of SMART Global stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $20.02, for a total transaction of $266,946.68. Following the sale, the chief operating officer now directly owns 211,896 shares of the company’s stock, valued at $4,242,157.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,527 shares of company stock worth $917,413. Corporate insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

SGH has been the subject of several recent research reports. Needham & Company LLC lifted their price target on SMART Global from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Barclays boosted their target price on SMART Global from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Stifel Nicolaus lifted their price target on SMART Global from $27.50 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $35.00 price target on shares of SMART Global in a research note on Wednesday, July 3rd. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $32.25.

SMART Global Company Profile

SMART Global Holdings, Inc, a memory-focused company, engages in the designing and development of enterprise solutions in the United States, China, Europe, and internationally. It operates through Memory Solutions, Intelligent Platform Solutions, and LED Solutions segments. The company offers dynamic random access memory modules, solid-state and flash storage, and other advanced memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services.