Analysts Anticipate Lattice Semiconductor (NASDAQ:LSCC) Will Announce Earnings of -$0.05 Per Share

Author:OMO Release Date: 2016年3月9日


Equities research analysts predict that Lattice Semiconductor (NASDAQ:LSCC) will report earnings per share (EPS) of ($0.05) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Lattice Semiconductor’s earnings, with the lowest EPS estimate coming in at ($0.05) and the highest estimate coming in at ($0.04). The business is scheduled to announce its next earnings report on Monday, May 2nd.

According to Zacks, analysts expect that Lattice Semiconductor will report full year earnings of $0.31 per share for the current fiscal year, with EPS estimates ranging from $0.29 to $0.33. For the next year, analysts expect that the business will report earnings of $0.45 per share, with EPS estimates ranging from $0.40 to $0.50. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Lattice Semiconductor.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Wednesday, February 17th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.04 by $0.08. The company had revenue of $101.30 million for the quarter, compared to analysts’ expectations of $110.22 million. During the same quarter in the prior year, the firm posted $0.03 earnings per share. The firm’s revenue for the quarter was up 21.0% compared to the same quarter last year.

In related news, Director Balaji Krishnamurthy sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 29th. The shares were sold at an average price of $7.00, for a total value of $70,000.00. Following the sale, the director now directly owns 71,497 shares of the company’s stock, valued at $500,479. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

A number of equities research analysts recently commented on LSCC shares. FBR & Co. increased their price objective on shares of Lattice Semiconductor from $6.50 to $7.50 and gave the company an “outperform” rating in a research note on Monday, February 29th. Robert W. Baird increased their price objective on shares of Lattice Semiconductor from $6.00 to $8.00 and gave the company an “outperform” rating in a research note on Wednesday, December 30th. Craig Hallum increased their price objective on shares of Lattice Semiconductor from $5.50 to $5.75 and gave the company a “buy” rating in a research note on Thursday, February 18th. TheStreet cut shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Wednesday, February 17th. Finally, Zacks Investment Research raised shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, December 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $8.05.

Shares of Lattice Semiconductor (NASDAQ:LSCC) traded down 2.137% during midday trading on Tuesday, reaching $5.725. 684,647 shares of the company traded hands. Lattice Semiconductor has a 12 month low of $3.25 and a 12 month high of $7.07. The company’s 50 day moving average is $5.13 and its 200-day moving average is $4.98. The stock’s market capitalization is $676.09 million.

Lattice Semiconductor Corporation (NASDAQ:LSCC) designs, develops and markets programmable logic products and related software. The Company also provides design services, customer training, field engineering and technical support.

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