Wall Street analysts expect CalAmp Corp. (NASDAQ:CAMP) to post sales of $90.90 million for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for CalAmp’s earnings, with estimates ranging from $89.64 million to $91.54 million. CalAmp posted sales of $83.35 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.1%. The business is expected to report its next quarterly earnings results on Wednesday, December 20th.

According to Zacks, analysts expect that CalAmp will report full year sales of $90.90 million for the current financial year, with estimates ranging from $361.45 million to $362.81 million. For the next year, analysts expect that the firm will report sales of $388.01 million per share, with estimates ranging from $381.52 million to $394.57 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow CalAmp.

CalAmp (NASDAQ:CAMP) last released its quarterly earnings data on Thursday, September 28th. The Wireless communications provider reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. CalAmp had a net margin of 1.31% and a return on equity of 18.18%. The firm had revenue of $89.80 million for the quarter, compared to the consensus estimate of $88.72 million. During the same period last year, the firm earned $0.27 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis.

A number of equities analysts have recently issued reports on CAMP shares. BidaskClub upgraded shares of CalAmp from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. J P Morgan Chase & Co started coverage on shares of CalAmp in a research note on Monday, August 28th. They set a “neutral” rating and a $20.00 price objective on the stock. Northland Securities reiterated a “buy” rating and set a $22.00 price objective on shares of CalAmp in a research note on Tuesday, September 5th. Craig Hallum increased their price objective on shares of CalAmp from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, September 29th. Finally, Canaccord Genuity increased their price objective on shares of CalAmp from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, September 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $25.14.

CalAmp (NASDAQ CAMP) opened at $22.36 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.36 and a current ratio of 2.72. CalAmp has a one year low of $14.12 and a one year high of $24.68. The stock has a market cap of $796.05, a P/E ratio of 25.12 and a beta of 1.64.

In other CalAmp news, SVP Garo Sarkis Sarkissian sold 9,833 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $23.89, for a total value of $234,910.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael J. Burdiek sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $23.99, for a total transaction of $215,910.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,833 shares of company stock valued at $1,216,660. 5.30% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. US Bancorp DE boosted its stake in CalAmp by 101.3% in the second quarter. US Bancorp DE now owns 5,284 shares of the Wireless communications provider’s stock valued at $108,000 after acquiring an additional 2,659 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of CalAmp by 77.1% in the second quarter. State of Alaska Department of Revenue now owns 6,941 shares of the Wireless communications provider’s stock worth $141,000 after buying an additional 3,021 shares during the last quarter. First Mercantile Trust Co. purchased a new position in shares of CalAmp in the second quarter worth $205,000. FDx Advisors Inc. purchased a new position in shares of CalAmp in the third quarter worth $214,000. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of CalAmp by 58.9% in the second quarter. BNP Paribas Arbitrage SA now owns 10,740 shares of the Wireless communications provider’s stock worth $218,000 after buying an additional 3,979 shares during the last quarter. Institutional investors own 72.33% of the company’s stock.

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CalAmp Company Profile

CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.

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Earnings History and Estimates for CalAmp (NASDAQ:CAMP)

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