Analysts Anticipate SMTC Co. (SMTX) to Announce ($0.02) Earnings Per Share

SMTC Co. (NASDAQ:SMTX) has been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Brokers have set a one year consensus price objective of $7.50 for the company and are forecasting that the company will post ($0.02) EPS for the current quarter, according to Zacks. Zacks has also assigned SMTC an industry rank of 185 out of 255 based on the ratings given to its competitors.

A number of equities research analysts have weighed in on SMTX shares. ValuEngine lowered SMTC from a “buy” rating to a “hold” rating in a research note on Thursday, January 31st. Zacks Investment Research lowered SMTC from a “hold” rating to a “sell” rating in a research note on Wednesday, March 6th. Finally, Craig Hallum started coverage on SMTC in a research note on Monday, January 14th. They set a “buy” rating and a $9.00 price objective for the company.

Several institutional investors and hedge funds have recently modified their holdings of the company. Ridgewood Investments LLC acquired a new position in shares of SMTC in the 1st quarter worth approximately $55,000. Dimensional Fund Advisors LP boosted its position in SMTC by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 143,531 shares of the technology company’s stock valued at $586,000 after purchasing an additional 3,979 shares during the period. Renaissance Technologies LLC boosted its position in SMTC by 10.1% during the 3rd quarter. Renaissance Technologies LLC now owns 409,210 shares of the technology company’s stock valued at $1,183,000 after purchasing an additional 37,545 shares during the period. Finally, BlackRock Inc. boosted its position in SMTC by 38.5% during the 3rd quarter. BlackRock Inc. now owns 57,049 shares of the technology company’s stock valued at $165,000 after purchasing an additional 15,871 shares during the period. Institutional investors own 14.58% of the company’s stock.

NASDAQ SMTX traded down $0.02 during mid-day trading on Thursday, reaching $3.22. 525 shares of the company’s stock traded hands, compared to its average volume of 165,381. SMTC has a 1-year low of $2.25 and a 1-year high of $5.98. The company has a quick ratio of 0.82, a current ratio of 1.25 and a debt-to-equity ratio of 2.04. The firm has a market cap of $76.83 million, a PE ratio of 53.50 and a beta of 0.44.

SMTC (NASDAQ:SMTX) last issued its quarterly earnings data on Thursday, March 14th. The technology company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). SMTC had a negative net margin of 0.21% and a positive return on equity of 4.67%. The business had revenue of $80.86 million for the quarter, compared to analyst estimates of $73.70 million. On average, analysts anticipate that SMTC will post 0.09 earnings per share for the current year.

SMTC Company Profile

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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