Hanwha Q Cells Co Ltd -ADR (HQCL) Expected to Announce Earnings of $0.06 Per Share

Wall Street brokerages expect that Hanwha Q Cells Co Ltd -ADR (NASDAQ:HQCL) will post $0.06 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Hanwha Q Cells’ earnings. Hanwha Q Cells also reported earnings of $0.06 per share in the same quarter last year. The firm is expected to report its next earnings report on Friday, November 9th.

On average, analysts expect that Hanwha Q Cells will report full-year earnings of $0.56 per share for the current year. For the next financial year, analysts forecast that the business will post earnings of $0.27 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Hanwha Q Cells.

Hanwha Q Cells (NASDAQ:HQCL) last issued its quarterly earnings data on Monday, August 13th. The semiconductor company reported ($0.50) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.61). Hanwha Q Cells had a negative return on equity of 11.39% and a negative net margin of 2.62%. The business had revenue of $518.40 million for the quarter, compared to analysts’ expectations of $500.30 million.

A number of brokerages have recently weighed in on HQCL. ValuEngine raised shares of Hanwha Q Cells from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. BidaskClub raised shares of Hanwha Q Cells from a “sell” rating to a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $8.00.

Shares of HQCL traded up $0.02 during mid-day trading on Friday, reaching $9.68. 147 shares of the company’s stock were exchanged, compared to its average volume of 125,863. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.93 and a quick ratio of 0.61. Hanwha Q Cells has a 52-week low of $5.40 and a 52-week high of $9.70. The stock has a market cap of $803.64 million, a price-to-earnings ratio of -88.00 and a beta of 0.78.

Hanwha Q Cells Company Profile

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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