Brokerages Expect Switch Inc (SWCH) Will Announce Earnings of -$0.22 Per Share

Analysts expect that Switch Inc (NYSE:SWCH) will announce ($0.22) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Switch’s earnings, with estimates ranging from ($0.24) to ($0.21). The business is expected to report its next earnings results after the market closes on Thursday, March 29th.

According to Zacks, analysts expect that Switch will report full year earnings of $0.02 per share for the current fiscal year, with EPS estimates ranging from ($0.01) to $0.04. For the next year, analysts forecast that the company will post earnings of $0.24 per share, with EPS estimates ranging from $0.20 to $0.36. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Switch.

A number of brokerages have issued reports on SWCH. Credit Suisse Group set a $22.00 target price on shares of Switch and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Cowen began coverage on shares of Switch in a research report on Friday, January 19th. They set an “underweight” rating for the company. Zacks Investment Research upgraded shares of Switch from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Thursday, January 11th. Raymond James Financial began coverage on shares of Switch in a research report on Tuesday, October 31st. They set a “market perform” rating for the company. Finally, BTIG Research began coverage on shares of Switch in a research report on Tuesday, October 31st. They set a “buy” rating and a $22.00 target price for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $21.83.

Switch (SWCH) opened at $15.44 on Thursday. The company has a debt-to-equity ratio of 5.18, a current ratio of 0.34 and a quick ratio of 0.34. Switch has a 52-week low of $14.06 and a 52-week high of $24.90.

Institutional investors and hedge funds have recently made changes to their positions in the business. Shikiar Asset Management Inc. acquired a new position in shares of Switch in the fourth quarter valued at approximately $1,157,000. Engineers Gate Manager LP acquired a new position in shares of Switch in the fourth quarter valued at approximately $2,204,000. American Assets Capital Advisers LLC acquired a new position in shares of Switch in the fourth quarter valued at approximately $720,000. Buckley Wealth Management LLC acquired a new position in shares of Switch in the fourth quarter valued at approximately $692,000. Finally, FNY Managed Accounts LLC acquired a new position in shares of Switch in the fourth quarter valued at approximately $181,000. Institutional investors own 0.35% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Brokerages Expect Switch Inc (SWCH) Will Announce Earnings of -$0.22 Per Share” was originally posted by Week Herald and is owned by of Week Herald. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark law. The legal version of this piece of content can be accessed at https://weekherald.com/2018/02/18/brokerages-expect-switch-inc-swch-will-announce-earnings-of-0-22-per-share.html.

About Switch

Switch, Inc is a technology infrastructure company. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services, and content ecosystems. The Company designs, constructs and operates hyperscale data centers that address the growing challenges facing the data center industry.

Get a free copy of the Zacks research report on Switch (SWCH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Switch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Switch and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply