Daqo New Energy (NYSE:DQ) released its quarterly earnings results on Wednesday. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $1.07, Morningstar.com reports. Daqo New Energy had a return on equity of 17.53% and a net margin of 17.71%. The firm had revenue of $75.60 million for the quarter, compared to the consensus estimate of $72.40 million. During the same quarter last year, the business posted $0.77 EPS. The firm’s quarterly revenue was down 36.4% compared to the same quarter last year.
NYSE:DQ traded up $0.84 during trading hours on Thursday, reaching $34.52. The company had a trading volume of 4,413 shares, compared to its average volume of 356,939. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.23. Daqo New Energy has a twelve month low of $20.35 and a twelve month high of $71.50. The stock has a market capitalization of $371.28 million, a price-to-earnings ratio of 4.06, a PEG ratio of 0.30 and a beta of 2.03.
Separately, Zacks Investment Research cut Daqo New Energy from a “buy” rating to a “sell” rating in a report on Monday, January 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $45.00.
COPYRIGHT VIOLATION WARNING: This piece was first posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece on another website, it was stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this piece can be accessed at https://www.tickerreport.com/banking-finance/4220300/daqo-new-energy-dq-issues-earnings-results-beats-estimates-by-0-96-eps.html.
About Daqo New Energy
Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon and wafers in the People's Republic of China. It operates through two segments, Polysilicon and Wafers. The company offers polysilicon to photovoltaic product manufacturers who further process its polysilicon into ingots, wafers, cells, and modules for solar power solutions.
See Also: Growth Stocks
Receive News & Ratings for Daqo New Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daqo New Energy and related companies with MarketBeat.com's FREE daily email newsletter.