Smart Global Holdings (NYSE:SGH) Earning Somewhat Positive Press Coverage, Report Shows
News coverage about Smart Global Holdings (NYSE:SGH) has trended somewhat positive recently, according to Accern. The research firm rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Smart Global Holdings earned a news impact score of 0.09 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.62906891293 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- SMART Global Holdings, Inc. Announces Refinancing Transaction (finance.yahoo.com)
- Rambus (RMBS) versus Smart Global Holdings (NYSE:SGH) Head to Head Survey (americanbankingnews.com)
- Global Smart Weapons Market 2017 Share, Trend, Segmentation and Forecast to 2022 (einpresswire.com)
- SMART Modular Announces its Gen-Z NVRAM Media Controller Demonstration Card (finance.yahoo.com)
- Smart Global Holdings Inc (SGH) Receives Consensus Recommendation of “Buy” from Brokerages (americanbankingnews.com)
A number of research firms have recently weighed in on SGH. Jefferies Group LLC restated a “buy” rating and issued a $23.00 price target (up from $21.00) on shares of Smart Global Holdings in a research note on Sunday, June 25th. Needham & Company LLC began coverage on shares of Smart Global Holdings in a research note on Monday, June 19th. They issued a “strong-buy” rating and a $20.00 price target on the stock. Roth Capital began coverage on shares of Smart Global Holdings in a research note on Monday, June 19th. They issued a “buy” rating and a $24.00 price target on the stock. Deutsche Bank AG began coverage on shares of Smart Global Holdings in a research note on Monday, June 19th. They issued a “buy” rating and a $18.00 price target on the stock. Finally, Stifel Nicolaus began coverage on shares of Smart Global Holdings in a research note on Monday, June 19th. They issued a “buy” rating and a $27.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $21.83.
Shares of Smart Global Holdings (NYSE SGH) traded up 1.27% on Friday, reaching $18.33. 32,317 shares of the company were exchanged. Smart Global Holdings has a 12-month low of $11.50 and a 12-month high of $19.50. The firm has a market capitalization of $397.34 million and a PE ratio of 261.86. The stock’s 50-day moving average is $16.65 and its 200 day moving average is $15.94.
Smart Global Holdings (NYSE:SGH) last posted its quarterly earnings data on Thursday, June 22nd. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by $0.01. The firm had revenue of $206.97 million during the quarter, compared to the consensus estimate of $202.87 million. Smart Global Holdings had a return on equity of 132.75% and a net margin of 3.84%. The company’s revenue for the quarter was up 38.3% compared to the same quarter last year. On average, analysts forecast that Smart Global Holdings will post $1.71 EPS for the current year.
In other news, major shareholder Lake Sumeru (Offshore) Silver acquired 1,500,000 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was acquired at an average price of $11.00 per share, for a total transaction of $16,500,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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About Smart Global Holdings
Smart Global Holdings Inc is a holding company. The Company through its subsidiaries provides specialty memory solutions. The Company manufactures memory for desktops, notebooks, servers and mobile memory for smartphones. The Company also serves original equipment manufacturer (OEM), customers to develop memory solutions.
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