SMART Global (NASDAQ:SGH) announced its earnings results on Monday. The company reported $2.16 EPS for the quarter, topping the Zacks’ consensus estimate of $1.60 by $0.56, Briefing.com reports. SMART Global had a return on equity of 25.39% and a net margin of 0.62%. The company had revenue of $467.71 million for the quarter, compared to analysts’ expectations of $461.00 million. During the same period last year, the firm earned $0.69 EPS. SMART Global’s revenue for the quarter was up 57.5% compared to the same quarter last year.
Shares of NASDAQ:SGH traded up $7.60 during trading on Wednesday, reaching $51.41. The stock had a trading volume of 89,665 shares, compared to its average volume of 395,632. SMART Global has a fifty-two week low of $24.37 and a fifty-two week high of $58.39. The business has a fifty day moving average price of $46.62 and a 200-day moving average price of $47.73. The stock has a market cap of $1.25 billion, a P/E ratio of 158.90 and a beta of 0.94. The company has a quick ratio of 1.05, a current ratio of 1.64 and a debt-to-equity ratio of 1.22.
In related news, COO Jack A. Pacheco sold 7,500 shares of the company’s stock in a transaction on Friday, August 20th. The shares were sold at an average price of $42.09, for a total value of $315,675.00. Following the sale, the chief operating officer now directly owns 97,909 shares of the company’s stock, valued at $4,120,989.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ajay Shah sold 11,647 shares of the company’s stock in a transaction on Tuesday, July 27th. The shares were sold at an average price of $45.00, for a total transaction of $524,115.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,647 shares of company stock valued at $1,192,140. 4.10% of the stock is owned by insiders.
About SMART Global
SMART Global Holdings, Inc designs and manufactures electronic products focused in memory and computing technology areas. The company specializes in application specific product development and support for customers in enterprise, government and original equipment manufacturer, or OEM, markets. It operates through the following segments: Specialty Memory Products, Brazil Products and Specialty Compute and Storage Solutions (SCSS).
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