Daqo New Energy (DQ) Scheduled to Post Earnings on Monday

Daqo New Energy (NYSE:DQ) will post its quarterly earnings results before the market opens on Monday, April 29th. Analysts expect Daqo New Energy to post earnings of $0.56 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Daqo New Energy (NYSE:DQ) last announced its quarterly earnings data on Wednesday, February 28th. The semiconductor company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.20). The firm had revenue of $477.13 million during the quarter, compared to analysts’ expectations of $529.40 million. Daqo New Energy had a return on equity of 6.42% and a net margin of 18.24%. During the same quarter in the previous year, the firm earned $4.71 earnings per share. On average, analysts expect Daqo New Energy to post $4 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Daqo New Energy Price Performance

DQ stock opened at $23.82 on Friday. The stock’s fifty day moving average price is $24.51 and its 200-day moving average price is $23.93. Daqo New Energy has a 1 year low of $17.30 and a 1 year high of $48.31. The company has a market cap of $1.56 billion, a P/E ratio of 4.40 and a beta of 0.22.

Analysts Set New Price Targets

Separately, Daiwa Capital Markets reissued an “underperform” rating and issued a $25.00 target price on shares of Daqo New Energy in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $36.23.

Daqo New Energy Company Profile

Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufacturers in the People's Republic of China. Its products are used in ingots, wafers, cells, and modules for solar power solutions. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp.