SMTC Co. Expected to Earn Q1 2020 Earnings of $0.04 Per Share (SMTX)

SMTC Co. (NASDAQ:SMTX) – Analysts at B. Riley issued their Q1 2020 earnings per share (EPS) estimates for shares of SMTC in a note issued to investors on Monday, March 18th. B. Riley analyst M. Crawford expects that the technology company will post earnings of $0.04 per share for the quarter. B. Riley has a “Buy” rating and a $6.00 price objective on the stock. B. Riley also issued estimates for SMTC’s Q2 2020 earnings at $0.05 EPS, Q3 2020 earnings at $0.07 EPS and Q4 2020 earnings at $0.07 EPS.

SMTC (NASDAQ:SMTX) last released its earnings results 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 positive return on equity of 4.67% and a negative net margin of 0.21%. The business had revenue of $80.86 million during the quarter, compared to analysts’ expectations of $73.70 million.

A number of other research firms also recently issued reports on SMTX. ValuEngine downgraded SMTC from a “buy” rating to a “hold” rating in a research report on Thursday, January 31st. Zacks Investment Research downgraded SMTC from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. Finally, Craig Hallum initiated coverage on SMTC in a research report on Monday, January 14th. They set a “buy” rating and a $9.00 price target on the stock. One analyst has rated the stock with a sell rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $7.50.

SMTX stock opened at $3.99 on Tuesday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.98 and a current ratio of 1.25. SMTC has a twelve month low of $2.12 and a twelve month high of $5.98. The firm has a market capitalization of $102.99 million, a price-to-earnings ratio of 66.50 and a beta of 0.47.

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of SMTC during the 2nd quarter worth $121,000. Dimensional Fund Advisors LP grew its position in shares of SMTC by 33.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 139,552 shares of the technology company’s stock worth $403,000 after buying an additional 34,885 shares in the last quarter. Bridgeway Capital Management Inc. grew its position in shares of SMTC by 33.3% during the 3rd quarter. Bridgeway Capital Management Inc. now owns 140,000 shares of the technology company’s stock worth $405,000 after buying an additional 35,000 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of SMTC by 10.1% during the 3rd quarter. Renaissance Technologies LLC now owns 409,210 shares of the technology company’s stock worth $1,183,000 after buying an additional 37,545 shares in the last quarter. 14.68% of the stock is currently owned by institutional investors and hedge funds.

About SMTC

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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Earnings History and Estimates for SMTC (NASDAQ:SMTX)

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