Switch (SWCH) Scheduled to Post Earnings on Wednesday

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Switch (NYSE:SWCH) is set to post its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Switch to post earnings of $0.06 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Switch (NYSE:SWCH) last released its earnings results on Wednesday, May 8th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02). Switch had a return on equity of 1.27% and a net margin of 0.98%. The firm had revenue of $107.03 million during the quarter, compared to analysts’ expectations of $105.43 million. On average, analysts expect Switch to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NYSE SWCH opened at $13.55 on Tuesday. Switch has a 52-week low of $6.39 and a 52-week high of $14.37. The company’s fifty day moving average is $13.35. The stock has a market cap of $3.39 billion, a PE ratio of 150.56, a PEG ratio of 7.00 and a beta of 0.68. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.47 and a quick ratio of 1.47.

In related news, major shareholder William Gonsalves Balelo sold 27,276 shares of Switch stock in a transaction on Monday, June 17th. The shares were sold at an average price of $12.97, for a total transaction of $353,769.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Scott Russell Gragson sold 104,350 shares of Switch stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $11.06, for a total transaction of $1,154,111.00. The disclosure for this sale can be found here. Insiders own 28.39% of the company’s stock.

Several brokerages have recently issued reports on SWCH. ValuEngine raised shares of Switch from a “hold” rating to a “buy” rating in a research note on Monday, May 20th. Zacks Investment Research cut shares of Switch from a “buy” rating to a “hold” rating in a research note on Friday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Switch from $10.00 to $12.00 in a research note on Friday, May 10th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $12.80.

About Switch

Switch, Inc, through its subsidiary, Switch, Ltd., provides colocation space and related services primarily to technology and digital media companies in the United States. It develops and operates data centers in Nevada and Michigan. The company also serves cloud and managed service providers, financial institutions, IT and software providers, government agencies, network and telecommunications providers, and others that conduct critical business on the Internet.

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Earnings History for Switch (NYSE:SWCH)

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