Adeia (ADEA) Set to Announce Earnings on Monday

Adeia (NASDAQ:ADEA) will be releasing its earnings data after the market closes on Monday, May 6th. Analysts expect Adeia to post earnings of $0.19 per share for the quarter. Adeia has set its FY 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Adeia (NASDAQ:ADEA) last released its earnings results on Tuesday, February 20th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $86.87 million for the quarter, compared to analysts’ expectations of $89.23 million. Adeia had a net margin of 17.33% and a return on equity of 42.74%.

Adeia Trading Down 0.8 %

Shares of ADEA stock opened at $9.93 on Friday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.02 and a current ratio of 2.02. The stock has a fifty day simple moving average of $10.67 and a two-hundred day simple moving average of $10.75. The firm has a market capitalization of $1.08 billion, a PE ratio of 16.83 and a beta of 1.43. Adeia has a 52-week low of $7.12 and a 52-week high of $13.39.

Adeia Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Tuesday, March 12th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Monday, March 11th. Adeia’s dividend payout ratio (DPR) is currently 33.90%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. BWS Financial reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Adeia in a research note on Friday, April 19th. Rosenblatt Securities began coverage on shares of Adeia in a research note on Friday, February 23rd. They set a “buy” rating and a $15.00 price target on the stock.

Adeia Company Profile

Adeia Inc, together with its subsidiaries, operates as a media and semiconductor intellectual property licensing company in the United States, Canada, Asia, Europe, the Middle East, and internationally. The company licenses its patent portfolios across various markets, including multichannel video programming distributors comprising cable, satellite, and telecommunications television providers that aggregate and distribute linear content over networks, as well as television providers that aggregate and stream linear content over broadband networks; over-the-top video service providers and social media companies, such as subscription video-on-demand and advertising-supported streaming service providers, as well as content providers, networks, and media companies.