SolarWinds (SWI) to Release Earnings on Thursday

SolarWinds (NYSE:SWI) will be releasing its earnings data before the market opens on Thursday, May 2nd. Analysts expect SolarWinds to post earnings of $0.22 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

SolarWinds (NYSE:SWI) last announced its earnings results on Thursday, February 8th. The software maker reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The business had revenue of $198.14 million for the quarter, compared to analyst estimates of $190.54 million. SolarWinds had a positive return on equity of 5.08% and a negative net margin of 1.20%. On average, analysts expect SolarWinds to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

SolarWinds Stock Performance

Shares of SWI stock opened at $11.23 on Tuesday. The company’s fifty day simple moving average is $11.79 and its 200-day simple moving average is $11.58. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.83. SolarWinds has a 12 month low of $8.49 and a 12 month high of $13.43. The firm has a market cap of $1.89 billion, a PE ratio of -224.60 and a beta of 0.97.

SolarWinds Announces Dividend

The business also recently announced a dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, April 3rd were issued a dividend of $1.00 per share. The ex-dividend date was Tuesday, April 2nd.

Wall Street Analysts Forecast Growth

SWI has been the topic of several recent analyst reports. Royal Bank of Canada boosted their price target on SolarWinds from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Friday, February 9th. JPMorgan Chase & Co. initiated coverage on shares of SolarWinds in a research report on Thursday, February 1st. They set a “neutral” rating and a $14.00 price target on the stock. Finally, Truist Financial initiated coverage on shares of SolarWinds in a research note on Wednesday, March 6th. They issued a “hold” rating and a $13.00 price target for the company. Four investment analysts have rated the stock with a hold rating, According to MarketBeat, SolarWinds currently has a consensus rating of “Hold” and an average target price of $13.50.

About SolarWinds

SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. It provides a suite of network management software that offers real-time visibility into network utilization and bandwidth, as well as the ability to detect, diagnose, and resolve network performance problems; and a suite of infrastructure management products, which monitors and analyzes the performance of applications and their supporting infrastructure, including servers, physical, virtual and cloud infrastructure, storage, and databases.