SolarWinds (SWI) to Release Earnings on Thursday

SolarWinds (NYSE:SWI) is set to release its earnings data before the market opens on Thursday, May 2nd. Analysts expect SolarWinds to post earnings of $0.22 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

SolarWinds (NYSE:SWI) last posted its quarterly earnings data on Thursday, February 8th. The software maker reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. SolarWinds had a positive return on equity of 5.08% and a negative net margin of 1.20%. The business had revenue of $198.14 million for the quarter, compared to analyst estimates of $190.54 million. On average, analysts expect SolarWinds to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

SolarWinds Stock Up 1.1 %

SolarWinds stock opened at $11.29 on Thursday. SolarWinds has a twelve month low of $8.06 and a twelve month high of $13.43. The stock’s fifty day simple moving average is $11.88 and its 200-day simple moving average is $11.53. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $1.90 billion, a P/E ratio of -225.80 and a beta of 0.97.

SolarWinds Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, April 3rd were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, April 2nd.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SWI. Royal Bank of Canada boosted their target price on shares of SolarWinds from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Friday, February 9th. Truist Financial began coverage on shares of SolarWinds in a research note on Wednesday, March 6th. They set a “hold” rating and a $13.00 target price for the company. Finally, JPMorgan Chase & Co. began coverage on shares of SolarWinds in a research note on Thursday, February 1st. They set a “neutral” rating and a $14.00 target price for the company. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $13.50.

About SolarWinds

SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. It provides a suite of network management software that offers real-time visibility into network utilization and bandwidth, as well as the ability to detect, diagnose, and resolve network performance problems; and a suite of infrastructure management products, which monitors and analyzes the performance of applications and their supporting infrastructure, including servers, physical, virtual and cloud infrastructure, storage, and databases.