Daqo New Energy (DQ) Scheduled to Post Earnings on Tuesday

Daqo New Energy (NYSE:DQ) is scheduled to release its earnings data before the market opens on Tuesday, November 13th. Analysts expect Daqo New Energy to post earnings of ($1.36) per share for the quarter.

Daqo New Energy (NYSE:DQ) last posted its quarterly earnings data on Tuesday, August 7th. The semiconductor company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.46. The business had revenue of $66.95 million during the quarter, compared to analyst estimates of $62.70 million. Daqo New Energy had a net margin of 28.32% and a return on equity of 23.80%.

NYSE:DQ opened at $26.18 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $270.53 million, a PE ratio of 2.85 and a beta of 1.38. Daqo New Energy has a 1-year low of $20.43 and a 1-year high of $72.50.

A number of research firms have recently weighed in on DQ. Credit Suisse Group began coverage on shares of Daqo New Energy in a research report on Friday, August 24th. They issued an “outperform” rating and a $58.00 price objective for the company. Roth Capital raised shares of Daqo New Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $40.00 to $48.00 in a research report on Wednesday, August 8th. TheStreet lowered shares of Daqo New Energy from a “b-” rating to a “c+” rating in a research report on Wednesday, October 24th. Finally, ValuEngine lowered shares of Daqo New Energy from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $56.67.

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Daqo New Energy Company Profile

Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon and wafers in the People's Republic of China. It operates through two segments, Polysilicon and Wafers. The company offers polysilicon to photovoltaic product manufacturers who further process its polysilicon into ingots, wafers, cells, and modules for solar power solutions.

See Also: Return on Investment (ROI)

Earnings History for Daqo New Energy (NYSE:DQ)

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