Hanwha Q Cells Co Ltd -ADR (NASDAQ:HQCL) – Analysts at Roth Capital dropped their Q4 2017 earnings estimates for Hanwha Q Cells Co Ltd -ADR in a report released on Thursday, according to Zacks Investment Research. Roth Capital analyst P. Shen now anticipates that the semiconductor company will earn $0.14 per share for the quarter, down from their prior forecast of $0.19. Roth Capital currently has a “Hold” rating and a $7.00 target price on the stock. Roth Capital also issued estimates for Hanwha Q Cells Co Ltd -ADR’s Q1 2018 earnings at ($0.09) EPS, Q2 2018 earnings at $0.16 EPS, Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.13 EPS and FY2018 earnings at $0.23 EPS.
Hanwha Q Cells Co Ltd -ADR (NASDAQ:HQCL) last issued its quarterly earnings results on Thursday, March 23rd. The semiconductor company reported ($0.31) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.36. The business had revenue of $565.90 million for the quarter, compared to analysts’ expectations of $600.50 million. Hanwha Q Cells Co Ltd -ADR had a return on equity of 42.02% and a net margin of 6.73%. The company’s revenue was down 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 EPS.
Separately, Zacks Investment Research downgraded shares of Hanwha Q Cells Co Ltd -ADR from a “hold” rating to a “sell” rating in a research note on Wednesday, January 11th.
Shares of Hanwha Q Cells Co Ltd -ADR (NASDAQ:HQCL) traded down 0.43% on Friday, hitting $7.02. 12,592 shares of the stock traded hands. The stock has a 50 day moving average of $7.34 and a 200 day moving average of $8.77. Hanwha Q Cells Co Ltd -ADR has a one year low of $6.50 and a one year high of $15.33. The company has a market cap of $583.93 million, a PE ratio of 4.84 and a beta of 1.98.
An institutional investor recently raised its position in Hanwha Q Cells Co Ltd -ADR stock. KBC Group NV boosted its stake in Hanwha Q Cells Co Ltd -ADR (NASDAQ:HQCL) by 36.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,098 shares of the semiconductor company’s stock after buying an additional 4,554 shares during the period. KBC Group NV’s holdings in Hanwha Q Cells Co Ltd -ADR were worth $192,000 as of its most recent SEC filing. 1.29% of the stock is owned by institutional investors and hedge funds.
Hanwha Q Cells Co Ltd -ADR Company Profile
Hanwha Q CELLS Co, Ltd., formerly Hanwha SolarOne Co, Ltd., is a global solar energy company engaged in the manufacturing of solar modules, and the development and management of downstream solar farms. It manufactures a range of photo voltaic (PV) cells and PV modules at its manufacturing facilities in China and Malaysia using manufacturing process technologies, including those developed at its research and development facilities in Germany.
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