$0.30 Earnings Per Share Expected for CalAmp Corp. (CAMP) This Quarter
Equities analysts expect CalAmp Corp. (NASDAQ:CAMP) to announce earnings per share (EPS) of $0.30 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for CalAmp’s earnings. The lowest EPS estimate is $0.28 and the highest is $0.32. CalAmp reported earnings per share of $0.28 in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.1%. The company is expected to announce its next earnings report on Tuesday, April 17th.
According to Zacks, analysts expect that CalAmp will report full-year earnings of $1.16 per share for the current year, with EPS estimates ranging from $1.15 to $1.17. For the next fiscal year, analysts expect that the company will post earnings of $1.33 per share, with EPS estimates ranging from $1.30 to $1.36. Zacks’ earnings per share averages are an average based on a survey of analysts that cover CalAmp.
CalAmp (NASDAQ:CAMP) last released its quarterly earnings results on Thursday, December 21st. The Wireless communications provider reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.07. CalAmp had a net margin of 5.00% and a return on equity of 19.20%. The firm had revenue of $93.67 million for the quarter, compared to analyst estimates of $91.10 million. During the same quarter in the previous year, the company earned $0.21 EPS. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year.
CalAmp (NASDAQ:CAMP) traded down $0.11 during trading on Friday, reaching $22.41. 217,787 shares of the company traded hands, compared to its average volume of 364,708. CalAmp has a 12-month low of $14.56 and a 12-month high of $24.68. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.76 and a quick ratio of 2.36. The firm has a market cap of $797.83, a P/E ratio of 47.68 and a beta of 1.63.
In other CalAmp news, Director Kimberly Alexy sold 25,000 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $22.62, for a total value of $565,500.00. Following the completion of the transaction, the director now owns 64,729 shares in the company, valued at $1,464,169.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Garo Sarkis Sarkissian sold 3,000 shares of the business’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $22.00, for a total transaction of $66,000.00. Following the completion of the transaction, the senior vice president now owns 195,289 shares of the company’s stock, valued at approximately $4,296,358. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,000 shares of company stock valued at $1,026,960. Insiders own 5.30% of the company’s stock.
Several large investors have recently bought and sold shares of the business. TIAA CREF Investment Management LLC grew its stake in shares of CalAmp by 0.5% in the second quarter. TIAA CREF Investment Management LLC now owns 96,324 shares of the Wireless communications provider’s stock worth $1,958,000 after acquiring an additional 468 shares in the last quarter. Baker Avenue Asset Management LP grew its stake in shares of CalAmp by 1.5% in the second quarter. Baker Avenue Asset Management LP now owns 48,492 shares of the Wireless communications provider’s stock worth $986,000 after acquiring an additional 736 shares in the last quarter. Thrivent Financial For Lutherans grew its stake in shares of CalAmp by 7.0% in the second quarter. Thrivent Financial For Lutherans now owns 21,360 shares of the Wireless communications provider’s stock worth $434,000 after acquiring an additional 1,390 shares in the last quarter. Connors Investor Services Inc. grew its stake in shares of CalAmp by 1.5% in the second quarter. Connors Investor Services Inc. now owns 99,366 shares of the Wireless communications provider’s stock worth $2,020,000 after acquiring an additional 1,462 shares in the last quarter. Finally, Van Hulzen Asset Management LLC grew its stake in shares of CalAmp by 21.0% in the third quarter. Van Hulzen Asset Management LLC now owns 15,770 shares of the Wireless communications provider’s stock worth $367,000 after acquiring an additional 2,740 shares in the last quarter. Institutional investors and hedge funds own 72.14% 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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