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Corsair Gaming (NASDAQ: CRSR) is expected to release its quarterly results before the market opens on Tuesday, November 2. Analysts expect Corsair Gaming to post earnings of $ 0.37 per share for the quarter. Corsair Gaming has set its forecast for fiscal 2021 at EPS. Those interested in participating in the business results conference call can do so by using this link.
Corsair Gaming (NASDAQ: CRSR) last released its quarterly results on Tuesday, August 3. The company reported earnings per share (EPS) of $ 0.36 for the quarter, missing Zacks’ consensus estimate of $ 0.39 ($ 0.03). Corsair Gaming achieved a return on equity of 40.73% and a net margin of 7.63%. The company posted revenue of $ 472.90 million for the quarter, compared to a consensus estimate of $ 475.16 million. During the same period of the previous year, the company posted earnings per share of $ 0.37. Corsair Gaming revenue increased 24.3% year-on-year. On average, analysts expect Corsair Gaming to post EPS of $ 1 for the current fiscal year and EPS of $ 2 for the next fiscal year.
Shares of CRSR opened at $ 25.33 on Tuesday. Corsair Gaming has a 52 week low of $ 22.39 and a 52 week high of $ 51.37. The company has a debt ratio of 0.51, a quick ratio of 0.93, and a current ratio of 1.48. The company has a market cap of $ 2.38 billion and a P / E ratio of 12.89. The stock has a 50-day moving average price of $ 27.32 and a 200-day moving average price of $ 30.31.
A hedge fund recently increased its stake in Corsair Gaming stock. Morgan Stanley increased its position in Corsair Gaming, Inc. (NASDAQ: CRSR) by 232.5% in the second quarter, according to its latest 13F filing with the SEC. The institutional investor held 407,896 shares of the company after purchasing an additional 285,214 shares during the period. Morgan Stanley owned 0.43% of Corsair Gaming valued at $ 13,579,000 at the end of the most recent quarter. Hedge funds and other institutional investors hold 12.78% of the company’s shares.
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The CRSR has been the subject of several research analyst reports. Credit Suisse Group reduced its price target on Corsair Gaming from $ 31.00 to $ 26.00 and set a “neutral” rating for the company in a research report published on Friday, October 15. Robert W. Baird downgraded Corsair Gaming from an “outperforming” rating to a “neutral” rating and reduced its target price for the company from $ 38.00 to $ 29.00 in a research report released on Friday, October 15 . Wedbush reaffirmed a “buy” rating and set a price target of $ 55.00 on Corsair Gaming shares in a research report released on Thursday, July 29. Zacks investment research downgraded Corsair Gaming from a “keep†rating to a “sell†rating in a research report published on Monday, October 18. Finally, Barclays lowered its price target on Corsair Gaming from $ 47.00 to $ 42.00 and set an “overweight” rating for the company in a research report published on Wednesday August 4th. One research analyst rated the stock with a sell rating, four issued a custody rating, and four issued a buy rating for the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold†and an average target price of $ 40.78.
About Corsair Gaming
Corsair Gaming, Inc, along with its subsidiaries, designs, markets and distributes gaming and streaming peripherals, components, and systems in the Americas, Europe, the Middle East and Asia-Pacific. The company offers peripherals for gamers and creators, including keyboards, mice, headsets and game controllers, as well as capture cards, broadcast decks, USB microphones, studio accessories and software. EpocCam.
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