As of close of business last night, Cirrus Logic, Inc.’s stock clocked out at $89.89, down -1.79% from its previous closing price of $91.53. In other words, the price has decreased by -$1.64 from its previous closing price. On the day, 574613 shares were traded.
Ratios:
To gain a deeper understanding of CRUS’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.83. For the most recent quarter (mrq), Quick Ratio is recorded 5.20 and its Current Ratio is at 6.64. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.08.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on February 07, 2024, Reiterated its Outperform rating but revised its target price to $100 from $90 previously.
On November 01, 2023, Loop Capital Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $83 to $100.
Loop Capital Downgraded its Buy to Hold on May 22, 2023, whereas the target price for the stock was revised from $92 to $80.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 22 ’24 when Dougherty Justin E sold 3,280 shares for $91.40 per share. The transaction valued at 299,792 led to the insider holds 6,000 shares of the business.
THOMAS SCOTT sold 5,043 shares of CRUS for $455,736 on Feb 14 ’24. The Sr VP, General Counsel now owns 20,554 shares after completing the transaction at $90.37 per share. On Feb 08 ’24, another insider, Brannan Andrew, who serves as the VP, Worldwide Sales of the company, sold 3,250 shares for $94.00 each. As a result, the insider received 305,500 and left with 6,055 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CRUS now has a Market Capitalization of 4.85B and an Enterprise Value of 4.49B. As of this moment, Cirrus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.64, and their Forward P/E ratio for the next fiscal year is 14.45. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 23.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.71 while its Price-to-Book (P/B) ratio in mrq is 2.69. Its current Enterprise Value per Revenue stands at 2.51 whereas that against EBITDA is 14.88.
Stock Price History:
Over the past 52 weeks, CRUS has reached a high of $111.15, while it has fallen to a 52-week low of $65.02. The 50-Day Moving Average of the stock is 85.71, while the 200-Day Moving Average is calculated to be 78.95.
Shares Statistics:
It appears that CRUS traded 435.66K shares on average per day over the past three months and 376.59k shares per day over the past ten days. A total of 55.10M shares are outstanding, with a floating share count of 53.64M. Insiders hold about 0.55% of the company’s shares, while institutions hold 89.96% stake in the company. Shares short for CRUS as of Feb 29, 2024 were 727.47k with a Short Ratio of 1.67, compared to 692.47k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.35% and a Short% of Float of 1.85%.
Earnings Estimates
As of right now, 8 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.64 for the current quarter, with a high estimate of $0.7 and a low estimate of $0.48, while EPS last year was $0.92. The consensus estimate for the next quarter is $0.55, with high estimates of $0.64 and low estimates of $0.41.
Analysts are recommending an EPS of between $6.06 and $5.84 for the fiscal current year, implying an average EPS of $6. EPS for the following year is $6.22, with 8 analysts recommending between $7 and $5.47.
Revenue Estimates
In the current quarter, 8 analysts expect revenue to total $316.98M. It ranges from a high estimate of $323M to a low estimate of $290M. As of the current estimate, Cirrus Logic, Inc.’s year-ago sales were $372.82M, an estimated decrease of -15.00% from the year-ago figure.
A total of 8 analysts have provided revenue estimates for CRUS’s current fiscal year. The highest revenue estimate was $1.74B, while the lowest revenue estimate was $1.71B, resulting in an average revenue estimate of $1.73B. In the same quarter a year ago, actual revenue was $1.9B, down -8.60% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $1.79B in the next fiscal year. The high estimate is $1.85B and the low estimate is $1.68B. The average revenue growth estimate for next year is up 3.40% from the average revenue estimate for this year.
