Zacks: Brokerages Anticipate Hanwha Q CELLS Co. (HQCL) to Post $0.09 EPS

Equities analysts expect that Hanwha Q CELLS Co. (NASDAQ:HQCL) will announce earnings per share of $0.09 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Hanwha Q CELLS’s earnings. Hanwha Q CELLS posted earnings per share of $0.22 in the same quarter last year, which suggests a negative year-over-year growth rate of 59.1%. The company is scheduled to issue its next quarterly earnings report on Thursday, August 9th.

On average, analysts expect that Hanwha Q CELLS will report full year earnings of $0.38 per share for the current year. For the next year, analysts anticipate that the business will post earnings of $0.40 per share. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Hanwha Q CELLS.

Hanwha Q CELLS (NASDAQ:HQCL) last posted its quarterly earnings results on Wednesday, April 11th. The semiconductor company reported ($0.61) earnings per share for the quarter. The business had revenue of $624.70 million during the quarter. Hanwha Q CELLS had a return on equity of 0.86% and a net margin of 0.19%.

HQCL has been the topic of several research reports. ValuEngine downgraded shares of Hanwha Q CELLS from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. BidaskClub upgraded shares of Hanwha Q CELLS from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. TheStreet cut shares of Hanwha Q CELLS from a “c-” rating to a “d” rating in a research report on Wednesday, April 11th. Finally, Zacks Investment Research cut shares of Hanwha Q CELLS from a “buy” rating to a “hold” rating in a research report on Friday, May 4th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $8.00.

Shares of Hanwha Q CELLS remained flat at $$7.64 during midday trading on Thursday, MarketBeat Ratings reports. 9,519 shares of the stock traded hands, compared to its average volume of 20,066. The company has a current ratio of 0.93, a quick ratio of 0.77 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $635.59 million, a P/E ratio of -69.45 and a beta of 1.70. Hanwha Q CELLS has a 12-month low of $6.30 and a 12-month high of $9.50.

About Hanwha Q CELLS

Hanwha Q CELLS Co, Ltd., a solar energy company, develops, manufactures, and sells solar cells and photovoltaic (PV) modules in South Korea, the United States, Europe, Japan, Australia, the People's Republic of China, India, Turkey, and internationally. Its principal products include PV cells, PV modules, silicon ingots, and silicon wafers.

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