Brokerages expect Smart Global Holdings Inc (NASDAQ:SGH) to announce $264.96 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Smart Global’s earnings. The highest sales estimate is $265.00 million and the lowest is $264.88 million. Smart Global posted sales of $335.48 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 21%. The business is expected to announce its next quarterly earnings results on Thursday, June 20th.

According to Zacks, analysts expect that Smart Global will report full year sales of $1.27 billion for the current fiscal year, with estimates ranging from $1.26 billion to $1.28 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.33 billion, with estimates ranging from $1.31 billion to $1.36 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Smart Global.

Smart Global (NASDAQ:SGH) last posted its earnings results on Thursday, March 28th. The company reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.12). The business had revenue of $304.10 million during the quarter, compared to the consensus estimate of $317.27 million. Smart Global had a return on equity of 61.87% and a net margin of 7.49%. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.73 EPS.

A number of analysts have commented on the company. ValuEngine raised Smart Global from a “sell” rating to a “hold” rating in a report on Friday, February 15th. Needham & Company LLC reissued a “hold” rating on shares of Smart Global in a report on Wednesday, January 16th. BidaskClub lowered Smart Global from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. TheStreet lowered Smart Global from a “c-” rating to a “d+” rating in a report on Tuesday, April 30th. Finally, Zacks Investment Research lowered Smart Global from a “hold” rating to a “strong sell” rating in a report on Thursday, April 4th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $40.00.

Smart Global stock opened at $20.18 on Thursday. The firm has a market capitalization of $462.67 million, a price-to-earnings ratio of 3.36, a price-to-earnings-growth ratio of 0.43 and a beta of 0.35. Smart Global has a 12 month low of $18.27 and a 12 month high of $51.63. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.92 and a quick ratio of 1.39.

In related news, Director Iain Mackenzie sold 10,000 shares of Smart Global stock in a transaction on Friday, February 15th. The stock was sold at an average price of $28.78, for a total value of $287,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Bruce M. Goldberg sold 1,957 shares of Smart Global stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $30.71, for a total value of $60,099.47. The disclosure for this sale can be found here. Insiders sold 35,957 shares of company stock valued at $894,839 in the last ninety days. 4.20% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Rhumbline Advisers grew its holdings in shares of Smart Global by 265.6% in the fourth quarter. Rhumbline Advisers now owns 30,692 shares of the company’s stock worth $912,000 after acquiring an additional 22,296 shares during the period. Vanguard Group Inc lifted its position in Smart Global by 33.4% during the third quarter. Vanguard Group Inc now owns 1,667,132 shares of the company’s stock valued at $47,913,000 after purchasing an additional 417,170 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Smart Global by 116.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,232 shares of the company’s stock valued at $66,000 after purchasing an additional 1,202 shares in the last quarter. Bank of Montreal Can lifted its position in Smart Global by 7,691.3% during the fourth quarter. Bank of Montreal Can now owns 5,376 shares of the company’s stock valued at $160,000 after purchasing an additional 5,307 shares in the last quarter. Finally, Boston Partners lifted its position in Smart Global by 73.3% during the fourth quarter. Boston Partners now owns 630,483 shares of the company’s stock valued at $18,725,000 after purchasing an additional 266,631 shares in the last quarter. 99.73% of the stock is owned by institutional investors.

About Smart Global

SMART Global Holdings, Inc designs, manufactures, and supplies specialty memory solutions worldwide. The company offers dynamic random access memory (DRAM) components, which are used to manufacture modules and other products; DRAM modules for desktop, notebook, and server applications, as well as for use in smartphones; and specialty DRAM modules for industrial, communications, and networking applications, as well as develops specialized memory module designs based on original equipment manufacturer (OEM) requirements.

Recommended Story: Why is Cost of Capital Important?

Get a free copy of the Zacks research report on Smart Global (SGH)

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

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