Hanwha Q CELLS Co., Ltd. (HQCL) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS
Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) posted its earnings results on Friday. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01, Briefing.com reports. Hanwha Q CELLS Co. had a return on equity of 11.55% and a net margin of 2.30%. The firm had revenue of $543.00 million for the quarter, compared to analysts’ expectations of $564.60 million. During the same period in the previous year, the firm earned $0.50 earnings per share. The business’s revenue was down 23.3% compared to the same quarter last year.
Hanwha Q CELLS Co. (HQCL) traded down $0.69 on Friday, hitting $8.36. The stock had a trading volume of 61,900 shares, compared to its average volume of 22,367. The company has a quick ratio of 0.73, a current ratio of 0.97 and a debt-to-equity ratio of 0.73. Hanwha Q CELLS Co. has a 52-week low of $6.09 and a 52-week high of $9.97. The stock has a market capitalization of $695.49, a PE ratio of 46.44 and a beta of 2.00.
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Several equities analysts have recently issued reports on the company. Axiom Securities reissued a “sell” rating on shares of Hanwha Q CELLS Co. in a research note on Friday, September 8th. Zacks Investment Research cut Hanwha Q CELLS Co. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, BidaskClub raised Hanwha Q CELLS Co. from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $7.75.
Hanwha Q CELLS Co. Company Profile
Hanwha Q CELLS Co, Ltd., formerly Hanwha SolarOne Co, Ltd., is a global solar energy company engaged in the manufacturing of solar modules, and the development and management of downstream solar farms. It manufactures a range of photo voltaic (PV) cells and PV modules at its manufacturing facilities in China and Malaysia using manufacturing process technologies, including those developed at its research and development facilities in Germany.
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