SMART Global (NASDAQ:SGH) issued its earnings results on Monday. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.70 by $0.08, MarketWatch Earnings reports. The business had revenue of $291.70 million for the quarter, compared to the consensus estimate of $291.24 million. SMART Global had a positive return on equity of 16.80% and a negative net margin of 0.10%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $0.55 EPS.
Shares of SGH stock traded up $1.16 during mid-day trading on Wednesday, hitting $40.72. 12,204 shares of the stock were exchanged, compared to its average volume of 517,260. The firm has a fifty day moving average of $33.54 and a 200 day moving average of $28.28. The company has a quick ratio of 1.39, a current ratio of 1.97 and a debt-to-equity ratio of 0.69. SMART Global has a 52-week low of $16.42 and a 52-week high of $40.82. The company has a market cap of $1.01 billion, a PE ratio of -565.14 and a beta of 0.87.
In related news, CFO Jack A. Pacheco sold 3,500 shares of the company’s stock in a transaction dated Friday, November 20th. The shares were sold at an average price of $30.06, for a total transaction of $105,210.00. Following the completion of the transaction, the chief financial officer now owns 72,672 shares in the company, valued at approximately $2,184,520.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Jack A. Pacheco sold 49,005 shares of the company’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $30.31, for a total transaction of $1,485,341.55. Following the transaction, the chief financial officer now owns 86,272 shares of the company’s stock, valued at approximately $2,614,904.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,000 shares of company stock worth $1,816,122. Corporate insiders own 4.90% of the company’s stock.
About SMART Global
SMART Global Holdings, Inc designs and manufactures electronic products focused in memory and computing technology areas. It offers dynamic random access memory (DRAM) modules for desktops, notebooks, and servers; and embedded and removable flash memory products; and flash component products, such as embedded multimedia controllers, and embedded and removal products in USB, CompactFlash and SD/microSD card configurations.
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