Zacks: Analysts Anticipate QuickLogic Co. (NASDAQ:QUIK) to Announce -$0.02 EPS

Wall Street analysts expect QuickLogic Co. (NASDAQ:QUIK) to report ($0.02) earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for QuickLogic’s earnings. QuickLogic reported earnings of ($0.03) per share in the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The business is scheduled to report its next quarterly earnings report on Wednesday, February 12th.

On average, analysts expect that QuickLogic will report full-year earnings of ($0.12) per share for the current financial year. For the next financial year, analysts expect that the business will post earnings of $0.01 per share, with EPS estimates ranging from ($0.01) to $0.02. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for QuickLogic.

QuickLogic (NASDAQ:QUIK) last issued its earnings results on Wednesday, November 6th. The semiconductor company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The firm had revenue of $2.16 million during the quarter, compared to analyst estimates of $2.10 million. QuickLogic had a negative net margin of 144.73% and a negative return on equity of 85.41%. During the same quarter last year, the business earned ($0.03) earnings per share.

A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of QuickLogic from a “sell” rating to a “hold” rating in a research report on Wednesday, October 9th. CIBC assumed coverage on shares of QuickLogic in a report on Thursday, August 15th. They issued an “outperform” rating on the stock. ValuEngine downgraded shares of QuickLogic from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. Finally, Oppenheimer assumed coverage on shares of QuickLogic in a report on Wednesday, August 14th. They issued an “outperform” rating and a $1.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $1.00.

Institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN lifted its holdings in shares of QuickLogic by 38.4% in the second quarter. Wells Fargo & Company MN now owns 148,430 shares of the semiconductor company’s stock worth $85,000 after buying an additional 41,219 shares in the last quarter. AWM Investment Company Inc. lifted its holdings in shares of QuickLogic by 124.0% in the second quarter. AWM Investment Company Inc. now owns 5,419,435 shares of the semiconductor company’s stock worth $3,119,000 after buying an additional 3,000,000 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of QuickLogic by 10.2% in the second quarter. Vanguard Group Inc. now owns 4,167,499 shares of the semiconductor company’s stock worth $2,398,000 after buying an additional 385,317 shares in the last quarter. NJ State Employees Deferred Compensation Plan lifted its holdings in shares of QuickLogic by 22.7% in the second quarter. NJ State Employees Deferred Compensation Plan now owns 270,000 shares of the semiconductor company’s stock worth $155,000 after buying an additional 50,000 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of QuickLogic by 731.1% in the second quarter. Tower Research Capital LLC TRC now owns 66,431 shares of the semiconductor company’s stock worth $38,000 after buying an additional 58,438 shares in the last quarter. 19.02% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:QUIK remained flat at $$0.24 on Wednesday. 122,146 shares of the company’s stock were exchanged, compared to its average volume of 353,335. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.52 and a current ratio of 1.71. The firm has a market capitalization of $28.53 million, a price-to-earnings ratio of -1.62 and a beta of 0.28. QuickLogic has a 12-month low of $0.20 and a 12-month high of $1.19. The company has a 50 day moving average of $0.31 and a two-hundred day moving average of $0.46.

QuickLogic Company Profile

QuickLogic Corporation, a semiconductor company, develops semiconductor platforms and intellectual property solutions for smartphones, wearable and hearable devices, tablets, and the Internet-of-Things. It also provides flexible sensor processing solutions, ultra-low power display bridges, ultra-low field programmable gate arrays (FPGAs), and programming hardware and design software solutions.

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Earnings History and Estimates for QuickLogic (NASDAQ:QUIK)

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