Hanwha Q CELLS Co., Ltd. (HQCL) Announces Earnings Results, Beats Expectations By $0.34 EPS

Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) announced its quarterly earnings data on Thursday, May 25th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.34, MarketWatch Earnings reports. The firm had revenue of $432 million for the quarter, compared to the consensus estimate of $418 million. Hanwha Q CELLS Co. had a net margin of 4.72% and a return on equity of 24.97%. The business’s revenue for the quarter was down 20.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 earnings per share.

Hanwha Q CELLS Co. (NASDAQ HQCL) traded down 3.81% on Friday, hitting $6.31. 47,189 shares of the stock were exchanged. The firm has a market cap of $524.83 million, a PE ratio of 5.21 and a beta of 2.14. Hanwha Q CELLS Co. has a 52-week low of $6.09 and a 52-week high of $15.33. The company has a 50-day moving average price of $6.77 and a 200-day moving average price of $7.64.

Earnings History for Hanwha Q CELLS Co. (NASDAQ:HQCL)

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A number of research analysts have recently commented on the stock. ValuEngine cut shares of Hanwha Q CELLS Co. from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of Hanwha Q CELLS Co. from a “sell” rating to a “hold” rating in a report on Tuesday, May 23rd. Finally, Roth Capital set a $7.00 target price on shares of Hanwha Q CELLS Co. and gave the stock a “hold” rating in a report on Saturday, March 25th.

An institutional investor recently raised its position in Hanwha Q CELLS Co. stock. Guggenheim Capital LLC boosted its position in Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) by 19.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 614,236 shares of the semiconductor company’s stock after buying an additional 98,241 shares during the period. Guggenheim Capital LLC owned about 0.74% of Hanwha Q CELLS Co. worth $5,012,000 as of its most recent filing with the SEC. 1.34% of the stock is owned by institutional investors.

Hanwha Q CELLS Co. Company Profile

Hanwha Q CELLS Co, Ltd., formerly Hanwha SolarOne Co, Ltd., is a global solar energy company engaged in the manufacturing of solar modules, and the development and management of downstream solar farms. It manufactures a range of photo voltaic (PV) cells and PV modules at its manufacturing facilities in China and Malaysia using manufacturing process technologies, including those developed at its research and development facilities in Germany.

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