Smart Global (SGH) to Release Earnings on Thursday

Smart Global (NASDAQ:SGH) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, October 4th. Analysts expect Smart Global to post earnings of $1.55 per share for the quarter.

NASDAQ:SGH opened at $28.67 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.13 and a current ratio of 1.61. The stock has a market capitalization of $662.98 million, a P/E ratio of 14.37 and a beta of -0.65. Smart Global has a 52-week low of $20.29 and a 52-week high of $56.69.

A number of analysts recently issued reports on the company. Deutsche Bank lifted their target price on Smart Global from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, June 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $75.00 target price on shares of Smart Global in a research report on Tuesday, June 12th. Stifel Nicolaus lifted their target price on Smart Global from $56.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, June 22nd. Zacks Investment Research raised Smart Global from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Saturday, June 23rd. Finally, BidaskClub downgraded Smart Global from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 26th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Smart Global currently has a consensus rating of “Buy” and a consensus target price of $49.94.

In other Smart Global news, insider Alan Marten sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, July 16th. The stock was sold at an average price of $31.31, for a total transaction of $250,480.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Bruce M. Goldberg sold 4,131 shares of the business’s stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $31.91, for a total value of $131,820.21. The disclosure for this sale can be found here. In the last three months, insiders have sold 84,731 shares of company stock worth $2,611,889. Company insiders own 6.90% of the company’s stock.

About Smart Global

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.

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Earnings History for Smart Global (NASDAQ:SGH)

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