For its first fiscal quarter (ending June 30), Cirrus Logic Inc. (NASDAQ: CRUS) has reported a 182% increase in E.P.S. from $0.28 a year ago to $0.79 in the current quarter. E.P.S. were $5.57 for the latest four quarters through June 30 versus $2.74 for the same period a year ago — an increase of 103%.
Recent Price Action
Cirrus Logic Inc. (NASDAQ: CRUS) stock enjoyed a large increase of 2.2% on 8/6/24. The stock closed at $115.31. Moreover, above average trading volume at 126% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months but has declined -12.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CRUS is expected to continue to be an important Value Builder.
Cirrus Logic has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Cirrus Logic has a slightly negative Appreciation Score of 40 but a very high Power Rating of 96, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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