CalAmp Corp. (CAMP) Receives Average Rating of “Hold” from Analysts
CalAmp Corp. (NASDAQ:CAMP) has been given a consensus rating of “Hold” by the eleven brokerages that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $25.00.
A number of brokerages have recently weighed in on CAMP. B. Riley reaffirmed a “buy” rating and issued a $28.00 price target on shares of CalAmp in a research note on Wednesday, October 4th. TheStreet raised shares of CalAmp from a “c” rating to a “b” rating in a research note on Friday, September 29th. BidaskClub raised shares of CalAmp from a “hold” rating to a “buy” rating in a research note on Saturday. Craig Hallum upped their price target on shares of CalAmp from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, September 29th. Finally, Canaccord Genuity upped their price target on shares of CalAmp from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, September 29th.
In related news, Director Kimberly Alexy sold 25,000 shares of the stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $22.62, for a total transaction of $565,500.00. Following the completion of the sale, the director now directly owns 64,729 shares of the company’s stock, valued at $1,464,169.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Garo Sarkis Sarkissian sold 3,000 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $22.00, for a total transaction of $66,000.00. Following the sale, the senior vice president now directly owns 195,289 shares of the company’s stock, valued at $4,296,358. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,000 shares of company stock valued at $1,026,960. Company insiders own 5.30% of the company’s stock.
CalAmp (NASDAQ CAMP) opened at $23.00 on Wednesday. CalAmp has a 1 year low of $14.56 and a 1 year high of $24.68. The company has a quick ratio of 2.36, a current ratio of 2.76 and a debt-to-equity ratio of 0.76. The company has a market cap of $808.15, a PE ratio of 48.94 and a beta of 1.63.
CalAmp (NASDAQ:CAMP) last issued its quarterly earnings results on Thursday, December 21st. The Wireless communications provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07. The company had revenue of $93.67 million during the quarter, compared to analyst estimates of $91.10 million. CalAmp had a net margin of 5.00% and a return on equity of 19.20%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 EPS. sell-side analysts forecast that CalAmp will post 0.92 earnings per share for the current year.
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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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