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.

Several analysts recently weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $28.00 target price on shares of CalAmp in a report on Wednesday. Canaccord Genuity reiterated a “buy” rating and issued a $27.00 target price on shares of CalAmp in a report on Thursday, December 21st. Zacks Investment Research downgraded shares of CalAmp from a “hold” rating to a “sell” rating in a report on Thursday, December 28th. Northland Securities reiterated a “buy” rating and issued a $25.00 target price on shares of CalAmp in a report on Sunday, October 1st. Finally, ValuEngine downgraded shares of CalAmp from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. CalAmp currently has a consensus rating of “Hold” and an average price target of $25.29.

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.

COPYRIGHT VIOLATION NOTICE: This story was reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2018/01/05/0-30-earnings-per-share-expected-for-calamp-corp-camp-this-quarter.html.

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.

Get a free copy of the Zacks research report on CalAmp (CAMP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for CalAmp (NASDAQ:CAMP)

Receive News & Ratings for CalAmp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CalAmp and related companies with MarketBeat.com's FREE daily email newsletter.