Brokerages Anticipate Microsemi Co. (MSCC) Will Announce Quarterly Sales of $489.51 Million
Equities analysts expect Microsemi Co. (NASDAQ:MSCC) to post sales of $489.51 million for the current quarter, according to Zacks. Six analysts have issued estimates for Microsemi’s earnings, with the lowest sales estimate coming in at $489.00 million and the highest estimate coming in at $490.05 million. Microsemi reported sales of $442.90 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.5%. The company is expected to issue its next quarterly earnings results on Thursday, April 26th.
According to Zacks, analysts expect that Microsemi will report full-year sales of $489.51 million for the current year, with estimates ranging from $1.89 billion to $2.00 billion. For the next fiscal year, analysts forecast that the firm will post sales of $2.11 billion per share, with estimates ranging from $2.05 billion to $2.14 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Microsemi.
Microsemi (NASDAQ:MSCC) last released its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $1.01 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.01. Microsemi had a net margin of 11.10% and a return on equity of 21.50%. The company had revenue of $468.70 million for the quarter, compared to analyst estimates of $460.17 million. During the same quarter last year, the firm posted $0.86 earnings per share. The company’s quarterly revenue was up 7.6% compared to the same quarter last year.
In other Microsemi news, VP Frederick C. Goerner sold 3,968 shares of Microsemi stock in a transaction on Friday, December 8th. The shares were sold at an average price of $51.51, for a total transaction of $204,391.68. Following the sale, the vice president now owns 57,794 shares in the company, valued at $2,976,968.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas Robert Anderson sold 1,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $51.12, for a total transaction of $51,120.00. Following the completion of the sale, the director now owns 14,113 shares in the company, valued at approximately $721,456.56. The disclosure for this sale can be found here. 0.57% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. MetLife Investment Advisors LLC acquired a new stake in shares of Microsemi in the 4th quarter valued at $3,843,000. Jane Street Group LLC boosted its stake in shares of Microsemi by 104.9% in the 4th quarter. Jane Street Group LLC now owns 12,193 shares of the semiconductor company’s stock valued at $630,000 after purchasing an additional 6,242 shares in the last quarter. Sciencast Management LP acquired a new stake in shares of Microsemi in the 4th quarter valued at $344,000. Flinton Capital Management LLC boosted its stake in shares of Microsemi by 12.7% in the 4th quarter. Flinton Capital Management LLC now owns 8,944 shares of the semiconductor company’s stock valued at $462,000 after purchasing an additional 1,008 shares in the last quarter. Finally, Meadow Creek Investment Management LLC boosted its stake in shares of Microsemi by 12.7% in the 4th quarter. Meadow Creek Investment Management LLC now owns 12,298 shares of the semiconductor company’s stock valued at $635,000 after purchasing an additional 1,386 shares in the last quarter. Institutional investors own 97.48% of the company’s stock.
Microsemi (NASDAQ:MSCC) traded down $0.67 during trading hours on Friday, hitting $60.01. 839,073 shares of the stock were exchanged, compared to its average volume of 1,520,000. Microsemi has a 12 month low of $46.08 and a 12 month high of $65.65. The company has a market capitalization of $7,050.00, a price-to-earnings ratio of 39.22, a price-to-earnings-growth ratio of 1.28 and a beta of 1.33. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.55 and a current ratio of 2.36.
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Microsemi Company Profile
Microsemi Corporation is a designer, manufacturer and marketer of analog and mixed-signal semiconductor solutions differentiated by power, security, reliability and performance. The Company offers a portfolio of semiconductor and system solutions for aerospace and defense, communications, data center and industrial markets.
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