CalAmp Corp. (CAMP) to Release Earnings on Tuesday
CalAmp Corp. (NASDAQ:CAMP) will release its Q115 earnings data on Tuesday, July 1st. Analysts expect CalAmp Corp. to post earnings of $0.18 per share and revenue of $57.98 million for the quarter. CalAmp Corp. has set its Q1 guidance at $0.17-0.21 EPS.
CalAmp Corp. (NASDAQ:CAMP) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.01. The company had revenue of $59.85 million for the quarter, compared to the consensus estimate of $61.49 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, analysts expect CalAmp Corp. to post $0.97 EPS for the current fiscal year and $1.23 EPS for the next fiscal year.
Shares of CalAmp Corp. (NASDAQ:CAMP) opened at 20.47 on Monday. CalAmp Corp. has a 1-year low of $13.65 and a 1-year high of $34.85. The stock has a 50-day moving average of $18.56 and a 200-day moving average of $25.4. The company has a market cap of $723.2 million and a price-to-earnings ratio of 63.21.
A number of research firms have recently commented on CAMP. Analysts at Zacks upgraded shares of CalAmp Corp. from an “underperform” rating to a “neutral” rating in a research note on Wednesday, June 25th. They now have a $21.40 price target on the stock. On a related note, analysts at Stephens initiated coverage on shares of CalAmp Corp. in a research note on Thursday, May 15th. They set an “overweight” rating and a $25.00 price target on the stock. Finally, analysts at First Analysis upgraded shares of CalAmp Corp. from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, May 14th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. CalAmp Corp. currently has an average rating of “Buy” and an average target price of $30.19.
CalAmp Corp. (NASDAQ:CAMP) develops and markets wireless technology solutions that deliver data, voice and video for critical networked communications and other applications.
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