Smart Global (NASDAQ:SGH) announced its quarterly earnings data on Thursday. The company reported $1.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.07, Bloomberg Earnings reports. The firm had revenue of $335.50 million during the quarter, compared to analyst estimates of $331.47 million. Smart Global had a net margin of 5.50% and a return on equity of 100.66%. Smart Global’s revenue was up 62.1% on a year-over-year basis. During the same period last year, the firm posted $0.62 EPS. Smart Global updated its Q4 guidance to 1.62-1.71 EPS.
Smart Global opened at $39.85 on Friday, according to MarketBeat. Smart Global has a 12-month low of $14.81 and a 12-month high of $56.69. The company has a quick ratio of 1.08, a current ratio of 1.62 and a debt-to-equity ratio of 0.97. The company has a market cap of $896.18 million and a price-to-earnings ratio of 19.53.
In other news, Director Mukesh Patel sold 39,338 shares of Smart Global stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of $41.67, for a total transaction of $1,639,214.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alan Marten sold 8,000 shares of Smart Global stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of $41.90, for a total transaction of $335,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,100,312 shares of company stock valued at $94,615,854 over the last three months. 6.90% of the stock is currently owned by insiders.
Smart Global Company Profile
SMART Global Holdings, Inc designs, manufactures, and supplies specialty memory solutions worldwide. The company offers dynamic random access memory (DRAM) components, which are used to manufacture modules and other products; DRAM modules for desktop, notebook, and server applications, as well as for use in smartphones; and specialty DRAM modules for industrial, communications, and networking applications, as well as develops specialized memory module designs based on original equipment manufacturer (OEM) requirements.
Receive News & Ratings for Smart Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smart Global and related companies with MarketBeat.com's FREE daily email newsletter.