SkyWater Technology (SKYT) Scheduled to Post Quarterly Earnings on Thursday

SkyWater Technology (NASDAQ:SKYT) is scheduled to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect SkyWater Technology to post earnings of ($0.02) per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

SkyWater Technology (NASDAQ:SKYT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.12. The company had revenue of $93.33 million for the quarter, compared to analysts’ expectations of $82.50 million. SkyWater Technology had a negative return on equity of 21.68% and a negative net margin of 7.88%. On average, analysts expect SkyWater Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SkyWater Technology Trading Down 4.5 %

SKYT opened at $10.50 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 0.66. The stock’s fifty day moving average is $9.26 and its two-hundred day moving average is $8.55. The company has a market capitalization of $498.53 million, a P/E ratio of -19.44 and a beta of 3.95. SkyWater Technology has a 52 week low of $4.73 and a 52 week high of $12.97.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised their target price on shares of SkyWater Technology from $9.00 to $12.00 and gave the company an “overweight” rating in a research report on Friday, October 25th.

Insider Buying and Selling

In other SkyWater Technology news, Director Loren A. Unterseher sold 2,673 shares of SkyWater Technology stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $10.00, for a total value of $26,730.00. Following the transaction, the director now owns 13,019,620 shares in the company, valued at $130,196,200. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 42.55% of the stock is currently owned by company insiders.

About SkyWater Technology

SkyWater Technology, Inc, together with its subsidiaries, operates as a pure-play technology foundry that engages in the provision of semiconductor development, manufacturing, and packaging services in the United States. The company offers engineering and process development support services to co-create technologies with customers; and semiconductor manufacturing services for various silicon-based analog and mixed-signal, micro-electromechanical systems, and rad-hard integrated circuits.