Microsemi (MSCC) to Release Quarterly Earnings on Wednesday

Microsemi (NASDAQ:MSCC) will post its quarterly earnings results after the market closes on Wednesday, April 25th. Analysts expect Microsemi to post earnings of $1.01 per share for the quarter. Microsemi has set its Q2 guidance at $0.93-1.07 EPS.

Microsemi (NASDAQ:MSCC) last issued its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $1.01 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.01. Microsemi had a net margin of 11.10% and a return on equity of 21.50%. The company had revenue of $468.70 million during the quarter, compared to the consensus estimate of $460.17 million. During the same period in the prior year, the company earned $0.86 EPS. Microsemi’s revenue was up 7.6% on a year-over-year basis. On average, analysts expect Microsemi to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

How to Become a New Pot Stock Millionaire

Shares of NASDAQ MSCC opened at $63.77 on Tuesday. Microsemi has a twelve month low of $46.08 and a twelve month high of $67.52. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.36 and a quick ratio of 1.55. The stock has a market capitalization of $7,445.39, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.18.

A number of research firms have commented on MSCC. BidaskClub lowered shares of Microsemi from a “buy” rating to a “hold” rating in a research note on Tuesday, April 17th. SunTrust Banks reaffirmed a “buy” rating and set a $71.00 price objective on shares of Microsemi in a research note on Friday, January 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Microsemi in a research note on Friday, March 2nd. Mizuho lowered shares of Microsemi from a “buy” rating to a “neutral” rating and set a $68.78 price objective for the company. in a research note on Monday, March 5th. Finally, Piper Jaffray lowered shares of Microsemi from an “overweight” rating to a “neutral” rating in a research note on Tuesday, March 6th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $64.32.

In other news, Director Paul F. Folino sold 4,500 shares of the company’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $67.27, for a total value of $302,715.00. Following the transaction, the director now owns 1,070 shares in the company, valued at approximately $71,978.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Frederick C. Goerner sold 2,102 shares of the company’s stock in a transaction dated Thursday, April 5th. The shares were sold at an average price of $64.76, for a total value of $136,125.52. Following the completion of the transaction, the vice president now owns 55,692 shares in the company, valued at approximately $3,606,613.92. The disclosure for this sale can be found here. Insiders sold a total of 8,692 shares of company stock worth $577,679 in the last quarter. 0.50% of the stock is owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: “Microsemi (MSCC) to Release Quarterly Earnings on Wednesday” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://www.dispatchtribunal.com/2018/04/24/microsemi-mscc-to-release-quarterly-earnings-on-wednesday.html.

Microsemi Company Profile

Microsemi Corporation designs, manufactures, and markets analog and mixed-signal semiconductor solutions in the United States, Europe, and Asia. The company offers analog mixed-signal integrated circuits; field programmable gate arrays; system on chip solutions and application-specific integrated circuits; power management products; and timing and synchronization devices, and precise time solutions.

Earnings History for Microsemi (NASDAQ:MSCC)

Receive News & Ratings for Microsemi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsemi and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply