Analysts Issue Forecasts for SolarWinds Corp’s FY2018 Earnings (SWI)
SolarWinds Corp (NYSE:SWI) – Analysts at SunTrust Banks issued their FY2018 earnings estimates for SolarWinds in a research report issued on Tuesday, November 13th, Zacks Investment Research reports. SunTrust Banks analyst T. Tillman anticipates that the software maker will post earnings per share of $0.62 for the year. SunTrust Banks currently has a “Buy” rating and a $20.00 target price on the stock. SunTrust Banks also issued estimates for SolarWinds’ Q4 2018 earnings at $0.25 EPS, Q1 2019 earnings at $0.23 EPS, Q2 2019 earnings at $0.25 EPS, Q3 2019 earnings at $0.27 EPS, Q4 2019 earnings at $0.29 EPS, FY2019 earnings at $1.03 EPS and FY2020 earnings at $1.18 EPS.
SolarWinds (NYSE:SWI) last released its quarterly earnings data on Tuesday, November 13th. The software maker reported $0.17 earnings per share (EPS) for the quarter. The business had revenue of $213.28 million during the quarter.
Shares of SWI traded up $0.06 during mid-day trading on Friday, reaching $16.16. The company’s stock had a trading volume of 630,251 shares, compared to its average volume of 591,150. SolarWinds has a 1-year low of $13.77 and a 1-year high of $16.57. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.97.
SolarWinds Corporation provides information technology (IT) infrastructure management software products in the United States and internationally. It offers products that are designed to solve the day-to-day problems encountered by technology professionals managing complex IT infrastructure covering on-premise, cloud, and hybrid IT environments.
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