SMART Global (NASDAQ:SGH) posted its quarterly earnings data on Monday. The company reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.07, MarketWatch Earnings reports. SMART Global had a return on equity of 16.65% and a net margin of 0.06%. The business had revenue of $304.00 million for the quarter, compared to analysts’ expectations of $295.57 million. During the same period in the previous year, the firm posted $0.52 EPS. The business’s revenue was up 11.8% on a year-over-year basis.
NASDAQ:SGH opened at $48.71 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.46 and a current ratio of 1.98. The firm has a market cap of $1.21 billion, a P/E ratio of 26.91 and a beta of 0.97. SMART Global has a fifty-two week low of $20.66 and a fifty-two week high of $50.29. The firm has a 50-day simple moving average of $46.54 and a two-hundred day simple moving average of $36.16.
In other SMART Global news, SVP Alan Marten sold 2,800 shares of the stock in a transaction on Tuesday, January 19th. The stock was sold at an average price of $40.00, for a total transaction of $112,000.00. Following the sale, the senior vice president now directly owns 118,466 shares in the company, valued at approximately $4,738,640. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jack A. Pacheco sold 3,750 shares of SMART Global stock in a transaction on Monday, March 22nd. The stock was sold at an average price of $46.25, for a total value of $173,437.50. Following the completion of the sale, the chief financial officer now directly owns 95,206 shares of the company’s stock, valued at approximately $4,403,277.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,124,792 shares of company stock worth $85,781,692. Insiders own 4.10% 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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