PC-Tel Inc. Plans Quarterly Dividend of $0.04 (PCTI)
PC-Tel (NASDAQ:PCTI) announced a quarterly dividend on Thursday, October 24th, American Banking News reports. Stockholders of record on Friday, November 8th will be paid a dividend of $0.035 per share on Friday, November 15th. This represents a $0.14 annualized dividend and a dividend yield of 1.54%.
PCTI has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of PC-Tel from a “buy” rating to a “hold” rating in a research note to investors on Monday, September 2nd. On the ratings front, analysts at Wunderlich upgraded shares of PC-Tel from a “hold” rating to a “buy” rating in a research note to investors on Monday, August 26th. They now have a $10.50 price target on the stock, up previously from $10.00. Finally, analysts at Wunderlich raised their price target on shares of PC-Tel from $9.00 to $10.00 in a research note to investors on Friday, August 2nd.
PC-Tel (NASDAQ:PCTI) traded down 0.77% during mid-day trading on Thursday, hitting $9.02. The stock had a trading volume of 2,121 shares. PC-Tel has a 52-week low of $5.86 and a 52-week high of $10.00. The stock has a 50-day moving average of $8.86 and a 200-day moving average of $7.8. The company’s market cap is $161.0 million.
PC-Tel (NASDAQ:PCTI) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $26.74 million for the quarter, compared to the consensus estimate of $25.41 million. During the same quarter last year, the company posted $0.09 earnings per share. PC-Tel’s revenue was up 33.8% compared to the same quarter last year. On average, analysts predict that PC-Tel will post $0.42 earnings per share for the current fiscal year.
PCTEL, Inc (NASDAQ:PCTI) is a provider of propagation and optimization solutions for the wireless industry.
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