Switch Inc (SWCH) Expected to Announce Earnings of -$0.22 Per Share

Wall Street brokerages expect that Switch Inc (NYSE:SWCH) will report earnings per share of ($0.22) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Switch’s earnings. The highest EPS estimate is ($0.21) and the lowest is ($0.24). The company is scheduled to report its next earnings report on Monday, February 12th.

On average, analysts expect that Switch will report full year earnings of $0.02 per share for the current year, with EPS estimates ranging from ($0.01) to $0.04. For the next financial year, analysts anticipate that the business will report earnings of $0.24 per share, with EPS estimates ranging from $0.20 to $0.36. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Switch.

Switch (NYSE:SWCH) last announced its earnings results on Monday, November 13th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. The business had revenue of $97.70 million for the quarter, compared to the consensus estimate of $95.81 million. The firm’s quarterly revenue was up 19.6% on a year-over-year basis.

Several analysts have weighed in on SWCH shares. Zacks Investment Research raised Switch from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Friday, January 5th. Credit Suisse Group set a $22.00 target price on Switch and gave the company a “buy” rating in a research note on Saturday, December 16th. BTIG Research initiated coverage on Switch in a research report on Tuesday, October 31st. They set a “buy” rating and a $22.00 price target on the stock. Jefferies Group initiated coverage on Switch in a research report on Tuesday, October 31st. They set a “hold” rating on the stock. Finally, Wells Fargo & Co initiated coverage on Switch in a research report on Tuesday, October 31st. They set a “market perform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $21.83.

Shares of Switch (SWCH) opened at $17.26 on Friday. The company has a debt-to-equity ratio of 5.18, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a market capitalization of $4,320.00 and a price-to-earnings ratio of 123.29. Switch has a 12 month low of $15.77 and a 12 month high of $24.90.

The company also recently declared a special dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 18th were given a dividend of $0.014 per share. The ex-dividend date was Friday, December 15th. Switch’s dividend payout ratio (DPR) is presently 7.14%.

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Switch Company Profile

Switch, Inc is a technology infrastructure company. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services, and content ecosystems. The Company designs, constructs and operates hyperscale data centers that address the growing challenges facing the data center industry.

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