SkyWater Technology (SKYT) Set to Announce Earnings on Thursday

SkyWater Technology (NASDAQ:SKYTGet Free Report) is set to release its earnings data after the market closes on Thursday, November 7th. Analysts expect SkyWater Technology to post earnings of ($0.02) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

SkyWater Technology (NASDAQ:SKYTGet Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.12. The firm had revenue of $93.33 million during the quarter, compared to the consensus estimate of $82.50 million. SkyWater Technology had a negative net margin of 7.88% and a negative return on equity of 21.68%. On average, analysts expect SkyWater Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SkyWater Technology Stock Down 0.3 %

Shares of SKYT opened at $9.65 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 0.66. SkyWater Technology has a 52-week low of $5.23 and a 52-week high of $12.97. The company has a market cap of $458.18 million, a PE ratio of -17.87 and a beta of 3.92. The business has a fifty day moving average of $9.27 and a 200 day moving average of $8.57.

Insiders Place Their Bets

In related news, Director Loren A. Unterseher sold 2,673 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $10.00, for a total value of $26,730.00. Following the completion of the transaction, the director now owns 13,019,620 shares of the company’s stock, valued at $130,196,200. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 42.55% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Piper Sandler increased their price objective on shares of SkyWater Technology from $9.00 to $12.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th.

Get Our Latest Research Report on SkyWater Technology

SkyWater Technology Company Profile

(Get Free Report)

SkyWater Technology, Inc, together with its subsidiaries, operates as a pure-play technology foundry that engages in the provision of semiconductor development, manufacturing, and packaging services in the United States. The company offers engineering and process development support services to co-create technologies with customers; and semiconductor manufacturing services for various silicon-based analog and mixed-signal, micro-electromechanical systems, and rad-hard integrated circuits.

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Earnings History for SkyWater Technology (NASDAQ:SKYT)

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