Microsemi (MSCC) Scheduled to Post Quarterly Earnings on Wednesday

Microsemi (NASDAQ:MSCC) will issue its quarterly earnings data after the market closes on Wednesday, April 25th. Analysts expect the company to announce earnings of $1.01 per share for the quarter. Microsemi has set its Q2 guidance at $0.93-1.07 EPS.

Microsemi (NASDAQ:MSCC) last issued its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $1.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.01. Microsemi had a return on equity of 21.50% and a net margin of 11.10%. The firm had revenue of $468.70 million during the quarter, compared to analyst estimates of $460.17 million. During the same quarter last year, the firm earned $0.86 EPS. Microsemi’s quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts expect Microsemi to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

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Shares of NASDAQ MSCC opened at $63.12 on Monday. Microsemi has a fifty-two week low of $46.08 and a fifty-two week high of $67.52. The company has a quick ratio of 1.55, a current ratio of 2.36 and a debt-to-equity ratio of 0.89. The company has a market cap of $7,445.26, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 1.35 and a beta of 1.18.

MSCC has been the subject of a number of recent analyst reports. Royal Bank of Canada restated a “buy” rating and set a $66.00 price objective on shares of Microsemi in a research note on Friday, January 26th. Susquehanna Bancshares lifted their target price on Microsemi to $70.00 and gave the stock a “positive” rating in a research report on Wednesday, January 24th. BidaskClub upgraded Microsemi from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. SunTrust Banks lowered Microsemi from a “buy” rating to a “hold” rating in a research report on Friday, March 2nd. Finally, Wells Fargo reiterated a “market perform” rating on shares of Microsemi in a research report on Friday, March 2nd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. Microsemi presently has an average rating of “Hold” and a consensus target price of $64.32.

In related news, VP Frederick C. Goerner sold 2,102 shares of the firm’s stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $64.76, for a total value of $136,125.52. Following the sale, the vice president now owns 55,692 shares of the company’s stock, valued at approximately $3,606,613.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul F. Folino sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $67.27, for a total value of $302,715.00. Following the completion of the sale, the director now directly owns 1,070 shares in the company, valued at approximately $71,978.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,692 shares of company stock valued at $577,679. Insiders own 0.57% of the company’s stock.

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About Microsemi

Microsemi Corporation designs, manufactures, and markets analog and mixed-signal semiconductor solutions in the United States, Europe, and Asia. The company offers analog mixed-signal integrated circuits; field programmable gate arrays; system on chip solutions and application-specific integrated circuits; power management products; and timing and synchronization devices, and precise time solutions.

Earnings History for Microsemi (NASDAQ:MSCC)

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