Adeia (NASDAQ:ADEA) Posts Earnings Results, Hits Expectations

Adeia (NASDAQ:ADEA) posted its quarterly earnings results on Tuesday. The company reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42, Zacks reports. The company had revenue of $119.17 million during the quarter, compared to the consensus estimate of $114.22 million. Adeia had a return on equity of 33.58% and a net margin of 17.19%. During the same period last year, the business earned $0.27 EPS. Adeia updated its FY 2025 guidance to EPS.

Adeia Trading Up 21.7 %

NASDAQ:ADEA opened at $16.39 on Thursday. Adeia has a 1-year low of $9.68 and a 1-year high of $17.27. The business’s 50-day moving average price is $13.46 and its two-hundred day moving average price is $12.55. The company has a current ratio of 3.42, a quick ratio of 3.42 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 28.75 and a beta of 1.37.

Adeia Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Monday, March 10th. Adeia’s dividend payout ratio (DPR) is presently 35.09%.

Wall Street Analyst Weigh In

ADEA has been the topic of several recent research reports. BWS Financial lifted their price objective on Adeia from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday. Maxim Group lifted their price objective on Adeia from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $18.00 price target on shares of Adeia in a research note on Tuesday.

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.