ClearOne Incoprorated (CLRO) Plans $0.07 Quarterly Dividend
ClearOne Incoprorated (NASDAQ:CLRO) declared a quarterly dividend on Tuesday, August 8th, Wall Street Journal reports. Investors of record on Tuesday, August 22nd will be paid a dividend of 0.07 per share by the communications equipment provider on Thursday, September 7th. This represents a $0.28 annualized dividend and a yield of 2.90%. The ex-dividend date is Friday, August 18th.
Shares of ClearOne Incoprorated (NASDAQ CLRO) traded up 0.52% during trading on Tuesday, reaching $9.65. 5,368 shares of the company traded hands. The company has a 50 day moving average price of $9.65 and a 200 day moving average price of $10.48. ClearOne Incoprorated has a 12-month low of $8.95 and a 12-month high of $12.60. The firm has a market capitalization of $83.99 million, a price-to-earnings ratio of 141.91 and a beta of 1.26.
ClearOne Incoprorated (NASDAQ:CLRO) last issued its quarterly earnings results on Tuesday, May 9th. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.12. The firm had revenue of $11.68 million during the quarter, compared to analyst estimates of $12.97 million. ClearOne Incoprorated had a negative return on equity of 2.45% and a negative net margin of 4.01%. On average, equities analysts predict that ClearOne Incoprorated will post $0.40 EPS for the current year.
CLRO has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of ClearOne Incoprorated from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. B. Riley restated a “buy” rating and issued a $12.50 price target on shares of ClearOne Incoprorated in a research report on Thursday, May 11th.
About ClearOne Incoprorated
ClearOne, Inc (ClearOne) is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The Company designs, develops, markets and services a line of conferencing products for personal use, as well as traditional tabletop, mid-tier professional products for large, medium and small businesses.
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