CalAmp (CAMP) to Release Earnings on Thursday
CalAmp (NASDAQ:CAMP) is scheduled to release its earnings data after the market closes on Thursday, December 21st. Analysts expect CalAmp to post earnings of $0.30 per share for the quarter. CalAmp has set its Q3 guidance at $0.27-0.33 EPS.
CalAmp (NASDAQ:CAMP) last issued its earnings results on Thursday, September 28th. The Wireless communications provider reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $89.80 million for the quarter, compared to analysts’ expectations of $88.72 million. During the same period in the prior year, the business earned $0.27 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. On average, analysts expect CalAmp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
CalAmp (CAMP) opened at $21.99 on Thursday. The company has a current ratio of 2.72, a quick ratio of 2.36 and a debt-to-equity ratio of 0.81. CalAmp has a 1-year low of $14.12 and a 1-year high of $24.68. The stock has a market cap of $780.38, a PE ratio of 24.63 and a beta of 1.63.
Several brokerages have issued reports on CAMP. B. Riley reiterated a “buy” rating and set a $28.00 target price on shares of CalAmp in a report on Wednesday, October 4th. TheStreet upgraded shares of CalAmp from a “c” rating to a “b” rating in a report on Friday, September 29th. J P Morgan Chase & Co cut shares of CalAmp from a “neutral” rating to an “underweight” rating and set a $22.00 target price on the stock. in a report on Wednesday, October 4th. Zacks Investment Research cut shares of CalAmp from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, ValuEngine cut shares of CalAmp from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $25.14.
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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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