-$0.24 Earnings Per Share Expected for QuickLogic Co. (NASDAQ:QUIK) This Quarter

Equities analysts expect QuickLogic Co. (NASDAQ:QUIK) to report ($0.24) earnings per share for the current quarter, according to Zacks. Two analysts have provided estimates for QuickLogic’s earnings. The highest EPS estimate is ($0.23) and the lowest is ($0.24). QuickLogic posted earnings of ($0.56) per share during the same quarter last year, which suggests a positive year over year growth rate of 57.1%. The company is scheduled to report its next earnings report on Wednesday, August 5th.

On average, analysts expect that QuickLogic will report full year earnings of ($0.79) per share for the current year, with EPS estimates ranging from ($0.85) to ($0.72). For the next fiscal year, analysts anticipate that the company will post earnings of $0.02 per share, with EPS estimates ranging from ($0.15) to $0.18. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover QuickLogic.

QuickLogic (NASDAQ:QUIK) last released its quarterly earnings data on Monday, May 11th. The semiconductor company reported ($0.37) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.29) by ($0.08). The business had revenue of $2.16 million during the quarter, compared to analyst estimates of $2.30 million. QuickLogic had a negative net margin of 163.18% and a negative return on equity of 92.44%. During the same quarter in the previous year, the company posted ($0.42) EPS.

A number of analysts have recently issued reports on QUIK shares. ValuEngine downgraded shares of QuickLogic from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 3rd. Zacks Investment Research downgraded shares of QuickLogic from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Oppenheimer cut their price target on shares of QuickLogic from $10.00 to $9.00 and set an “outperform” rating for the company in a report on Tuesday, May 12th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $7.50.

A number of institutional investors have recently bought and sold shares of the stock. Advisor Group Holdings Inc. acquired a new stake in QuickLogic in the 1st quarter valued at approximately $39,000. Taylor Frigon Capital Management LLC boosted its position in QuickLogic by 18.4% in the 1st quarter. Taylor Frigon Capital Management LLC now owns 480,266 shares of the semiconductor company’s stock valued at $1,364,000 after buying an additional 74,507 shares during the period. Finally, Klingman & Associates LLC purchased a new position in QuickLogic in the 1st quarter valued at approximately $294,000. Hedge funds and other institutional investors own 24.48% of the company’s stock.

QUIK stock traded down $0.09 during mid-day trading on Friday, reaching $3.16. The company’s stock had a trading volume of 284,009 shares, compared to its average volume of 135,839. The company’s 50 day moving average is $4.67 and its two-hundred day moving average is $4.45. The stock has a market cap of $27.30 million, a PE ratio of -1.57 and a beta of 1.85. The company has a current ratio of 1.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.16. QuickLogic has a fifty-two week low of $2.12 and a fifty-two week high of $8.82.

About QuickLogic

QuickLogic Corporation, a semiconductor company, develops semiconductor platforms and intellectual property solutions for smartphones, wearable and hearable devices, tablets, and the Internet-of-Things. It also provides flexible sensor processing solutions, ultra-low power display bridges, ultra-low field programmable gate arrays (FPGAs), and programming hardware and design software solutions.

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