$650.05 Million in Sales Expected for Super Micro Computer, Inc. (SMCI) This Quarter

Equities research analysts expect that Super Micro Computer, Inc. (NASDAQ:SMCI) will post sales of $650.05 million for the current quarter, Zacks reports. Two analysts have provided estimates for Super Micro Computer’s earnings, with the highest sales estimate coming in at $655.10 million and the lowest estimate coming in at $645.00 million. Super Micro Computer reported sales of $528.97 million during the same quarter last year, which would suggest a positive year over year growth rate of 22.9%. The firm is expected to report its next quarterly earnings report after the market closes on Thursday, October 26th.

On average, analysts expect that Super Micro Computer will report full year sales of $650.05 million for the current year, with estimates ranging from $2.84 billion to $2.92 billion. For the next fiscal year, analysts expect that the company will report sales of $3.06 billion per share, with estimates ranging from $2.93 billion to $3.16 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Super Micro Computer.

Several equities analysts have commented on the stock. Stifel Nicolaus set a $30.00 target price on shares of Super Micro Computer and gave the stock a “hold” rating in a research report on Tuesday, August 15th. KeyCorp reissued a “hold” rating on shares of Super Micro Computer in a research report on Friday, September 1st. Zacks Investment Research raised shares of Super Micro Computer from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. DA Davidson cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $33.00 to $27.00 in a research report on Monday, September 18th. Finally, TheStreet lowered shares of Super Micro Computer from a “b-” rating to a “c” rating in a research note on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $28.13.

Several hedge funds have recently modified their holdings of the company. Aperio Group LLC increased its stake in shares of Super Micro Computer by 0.8% during the 2nd quarter. Aperio Group LLC now owns 8,241 shares of the technology company’s stock worth $203,000 after purchasing an additional 68 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Super Micro Computer by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,249 shares of the technology company’s stock valued at $745,000 after buying an additional 118 shares in the last quarter. Arizona State Retirement System grew its stake in Super Micro Computer by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 19,850 shares of the technology company’s stock valued at $489,000 after buying an additional 200 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Super Micro Computer by 1.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the technology company’s stock valued at $382,000 after buying an additional 200 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in Super Micro Computer by 4.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,890 shares of the technology company’s stock valued at $219,000 after buying an additional 360 shares in the last quarter. Institutional investors own 80.60% of the company’s stock.

Super Micro Computer (NASDAQ:SMCI) traded up $0.05 during trading on Wednesday, hitting $21.60. 237,270 shares of the company’s stock traded hands, compared to its average volume of 372,109. Super Micro Computer has a 1 year low of $17.70 and a 1 year high of $31.75. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.15 and a current ratio of 2.34. The company has a market cap of $1,049.33, a PE ratio of 16.08, a P/E/G ratio of 1.25 and a beta of -0.06.

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About Super Micro Computer

Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.

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Earnings History and Estimates for Super Micro Computer (NASDAQ:SMCI)

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