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.

A number of other research firms have also recently issued reports on SWI. Nomura assumed coverage on SolarWinds in a research report on Tuesday, November 13th. They issued a “buy” rating and a $24.00 price objective for the company. Royal Bank of Canada initiated coverage on SolarWinds in a research report on Tuesday, November 13th. They issued an “outperform” rating and a $18.00 price objective for the company. Credit Suisse Group initiated coverage on SolarWinds in a report on Tuesday, November 13th. They set an “outperform” rating and a $19.00 price target for the company. Bank of America initiated coverage on SolarWinds in a report on Tuesday, November 13th. They set a “neutral” rating and a $16.00 price target for the company. Finally, JPMorgan Chase & Co. initiated coverage on SolarWinds in a report on Tuesday, November 13th. They set an “overweight” rating and a $20.00 price target for the company. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $19.07.

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.

About SolarWinds

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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Earnings History and Estimates for SolarWinds (NYSE:SWI)

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