Research Analysts Set Expectations for SMTC Co.’s Q3 2019 Earnings (NASDAQ:SMTX)
SMTC Co. (NASDAQ:SMTX) – Equities researchers at B. Riley lowered their Q3 2019 earnings per share (EPS) estimates for shares of SMTC in a research report issued on Friday, August 9th. B. Riley analyst M. Crawford now anticipates that the technology company will earn $0.02 per share for the quarter, down from their prior forecast of $0.03.
Several other research analysts have also commented on the company. Zacks Investment Research raised SMTC from a “sell” rating to a “hold” rating in a research report on Saturday. ValuEngine lowered SMTC from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, TheStreet raised SMTC from a “d+” rating to a “c-” rating in a research report on Monday, July 15th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. SMTC presently has a consensus rating of “Buy” and an average price target of $7.50.
SMTC (NASDAQ:SMTX) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.06. SMTC had a positive return on equity of 5.27% and a negative net margin of 0.49%. The company had revenue of $90.94 million for the quarter, compared to analyst estimates of $98.75 million.
Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of SMTC by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 143,531 shares of the technology company’s stock valued at $586,000 after acquiring an additional 3,979 shares in the last quarter. Ridgewood Investments LLC grew its stake in shares of SMTC by 39.1% during the second quarter. Ridgewood Investments LLC now owns 20,307 shares of the technology company’s stock valued at $78,000 after acquiring an additional 5,707 shares in the last quarter. BNP Paribas Arbitrage SA acquired a new stake in shares of SMTC during the second quarter valued at about $86,000. Finally, Sigma Planning Corp acquired a new stake in shares of SMTC during the first quarter valued at about $91,000. Institutional investors own 12.98% of the company’s stock.
SMTC Corporation provides electronics manufacturing services worldwide. The company offers end-to-end electronics manufacturing services, including product design and engineering; printed circuit board assembly; production, enclosure, cable assembly, and precision metal fabrication; systems integration and testing; and configuration to order, build to order, and direct order fulfillment services.
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