Daqo New Energy (NYSE:DQ) Issues Earnings Results

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Daqo New Energy (NYSE:DQ) announced its earnings results on Tuesday. The semiconductor company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.24, RTT News reports. Daqo New Energy had a net margin of 6.79% and a return on equity of 5.65%. The business had revenue of $83.91 million during the quarter, compared to analysts’ expectations of $85.60 million. During the same period in the prior year, the company earned $0.32 earnings per share.

Shares of NYSE:DQ traded down $0.03 during midday trading on Friday, reaching $39.01. 2,768 shares of the company were exchanged, compared to its average volume of 204,049. The company has a current ratio of 0.56, a quick ratio of 0.48 and a debt-to-equity ratio of 0.28. The business’s fifty day moving average is $41.36 and its two-hundred day moving average is $42.42. Daqo New Energy has a one year low of $20.84 and a one year high of $53.49. The stock has a market cap of $423.19 million, a PE ratio of 8.80, a price-to-earnings-growth ratio of 0.75 and a beta of 1.64.

DQ has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Daqo New Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, October 15th. ValuEngine upgraded shares of Daqo New Energy from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. initiated coverage on shares of Daqo New Energy in a research report on Thursday. They issued an “overweight” rating and a $50.00 price target for the company. Finally, Roth Capital reiterated a “buy” rating on shares of Daqo New Energy in a research report on Wednesday, August 14th.

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.

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Earnings History for Daqo New Energy (NYSE:DQ)

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