Daqo New Energy (NYSE:DQ) announced its earnings results on Wednesday. The semiconductor company reported $2.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.96, RTT News reports. The company had revenue of $168.83 million during the quarter, compared to the consensus estimate of $150.50 million. Daqo New Energy had a net margin of 12.82% and a return on equity of 10.26%. During the same quarter in the prior year, the company posted $0.81 earnings per share.
NYSE DQ opened at $52.28 on Friday. Daqo New Energy has a 52-week low of $35.27 and a 52-week high of $81.46. The company has a 50-day simple moving average of $50.71 and a 200 day simple moving average of $51.92. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.31 and a current ratio of 0.39. The company has a market capitalization of $626.49 million, a PE ratio of 15.02, a price-to-earnings-growth ratio of 0.24 and a beta of 0.85.
Several analysts have recently commented on DQ shares. Daiwa Capital Markets started coverage on shares of Daqo New Energy in a report on Tuesday, March 10th. They issued a “buy” rating for the company. Zacks Investment Research downgraded shares of Daqo New Energy from a “buy” rating to a “hold” rating in a report on Friday, May 1st. Roth Capital raised their price objective on shares of Daqo New Energy from $55.00 to $70.00 in a report on Thursday, March 12th. ValuEngine downgraded shares of Daqo New Energy from a “hold” rating to a “sell” rating in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Daqo New Energy from $75.00 to $69.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $67.33.
Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon and wafers in the People's Republic of China. It operates through two segments, Polysilicon and Wafers. The company offers polysilicon to photovoltaic product manufacturers who further process its polysilicon into ingots, wafers, cells, and modules for solar power solutions.
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