Wall Street brokerages forecast that CalAmp Corp. (NASDAQ:CAMP) will post earnings of $0.11 per share for the current quarter, Zacks reports. Five analysts have made estimates for CalAmp’s earnings. The lowest EPS estimate is $0.09 and the highest is $0.11. CalAmp reported earnings of $0.31 per share in the same quarter last year, which indicates a negative year over year growth rate of 64.5%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Thursday, September 26th.
According to Zacks, analysts expect that CalAmp will report full-year earnings of $0.70 per share for the current financial year, with EPS estimates ranging from $0.59 to $0.79. For the next year, analysts forecast that the firm will report earnings of $0.96 per share, with EPS estimates ranging from $0.84 to $1.10. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow CalAmp.
CalAmp (NASDAQ:CAMP) last announced its earnings results on Thursday, June 27th. The Wireless communications provider reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.18). CalAmp had a net margin of 0.33% and a return on equity of 11.85%. The firm had revenue of $89.10 million for the quarter, compared to analyst estimates of $86.91 million. During the same period in the previous year, the company earned $0.29 EPS. CalAmp’s revenue was down 6.1% compared to the same quarter last year.
A number of equities analysts have commented on the company. ValuEngine cut CalAmp from a “buy” rating to a “hold” rating in a report on Thursday. Northland Securities reissued a “buy” rating on shares of CalAmp in a report on Tuesday, September 3rd. TheStreet cut CalAmp from a “c” rating to a “d+” rating in a report on Thursday, June 27th. BidaskClub raised CalAmp from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Finally, Zacks Investment Research raised CalAmp from a “sell” rating to a “hold” rating in a report on Wednesday, June 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $19.38.
In related news, Director Larry J. Wolfe purchased 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was purchased at an average price of $11.33 per share, with a total value of $566,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.90% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of CAMP. Royce & Associates LP acquired a new stake in shares of CalAmp in the first quarter valued at approximately $26,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of CalAmp in the second quarter valued at approximately $62,000. Meeder Asset Management Inc. acquired a new stake in shares of CalAmp in the second quarter valued at approximately $69,000. US Bancorp DE increased its holdings in shares of CalAmp by 19.2% in the second quarter. US Bancorp DE now owns 9,991 shares of the Wireless communications provider’s stock valued at $117,000 after purchasing an additional 1,611 shares during the last quarter. Finally, Walleye Trading Advisors LLC acquired a new stake in shares of CalAmp in the second quarter valued at approximately $120,000. 78.15% of the stock is owned by hedge funds and other institutional investors.
Shares of CalAmp stock traded down $0.10 during mid-day trading on Tuesday, reaching $11.05. 264,147 shares of the stock traded hands, compared to its average volume of 225,922. The business has a 50-day moving average of $10.25 and a 200 day moving average of $11.68. CalAmp has a fifty-two week low of $9.35 and a fifty-two week high of $24.37. The stock has a market capitalization of $374.97 million, a PE ratio of 15.93, a PEG ratio of 3.44 and a beta of 1.97. The company has a quick ratio of 1.40, a current ratio of 1.60 and a debt-to-equity ratio of 1.01.
CalAmp Company Profile
CalAmp Corp. provides in telematics systems, and software and subscription services in the United States, Latin America, Western Europe, Asia Pacific, the Middle East, Africa, and internationally. The company offers mobile resource management telematics devices for the Internet of Things market, which enable customers to optimize their operations by collecting, monitoring, and reporting business-critical information and desired intelligence from remote and mobile assets.
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