QuickLogic Corporation (QUIK) Scheduled to Post Earnings on Wednesday

QuickLogic Corporation (NASDAQ:QUIK) will post its Q3 quarterly earnings results after the market closes on Wednesday, November 8th. Analysts expect QuickLogic Corporation to post earnings of ($0.04) per share for the quarter.

QuickLogic Corporation (NASDAQ:QUIK) last released its quarterly earnings results on Wednesday, August 9th. The semiconductor company reported ($0.05) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.05). The company had revenue of $3.03 million for the quarter, compared to analyst estimates of $3.20 million. QuickLogic Corporation had a negative return on equity of 84.50% and a negative net margin of 130.99%. QuickLogic Corporation’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.07) earnings per share. On average, analysts expect QuickLogic Corporation to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of QuickLogic Corporation (NASDAQ:QUIK) opened at $1.55 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.65 and a current ratio of 3.01. QuickLogic Corporation has a 1 year low of $0.76 and a 1 year high of $2.48.

An institutional investor recently raised its position in QuickLogic Corporation stock. Northern Trust Corp raised its holdings in shares of QuickLogic Corporation (NASDAQ:QUIK) by 20.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,105 shares of the semiconductor company’s stock after acquiring an additional 26,599 shares during the quarter. Northern Trust Corp owned approximately 0.20% of QuickLogic Corporation worth $232,000 as of its most recent filing with the Securities and Exchange Commission. 19.62% of the stock is owned by institutional investors.

A number of equities analysts have recently issued reports on the stock. ValuEngine downgraded shares of QuickLogic Corporation from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of QuickLogic Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, Roth Capital upgraded shares of QuickLogic Corporation from a “neutral” rating to a “buy” rating and increased their price target for the company from $1.50 to $2.00 in a report on Monday, September 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $2.25.

TRADEMARK VIOLATION WARNING: This report was reported by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be viewed at https://www.com-unik.info/2017/11/06/quicklogic-corporation-quik-scheduled-to-post-earnings-on-wednesday.html.

QuickLogic Corporation Company Profile

QuickLogic Corporation develops and markets semiconductor and software algorithm solutions. The Company’s solutions primarily target smartphones, wearable devices, tablets, and the Internet-of-Things (IoT). The Company is a fabless semiconductor provider of flexible sensor processing solutions, ultra-low power display bridges, and ultra-low power Field Programmable Gate Arrays (FPGAs).

Earnings History for QuickLogic Corporation (NASDAQ:QUIK)

What are top analysts saying about QuickLogic Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for QuickLogic Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit