Quantum (QTM) Scheduled to Post Quarterly Earnings on Tuesday

Quantum (NYSE:QTM) will announce its earnings results after the market closes on Tuesday, January 23rd. Quantum has set its Q3 guidance at $0.16-0.22 EPS and its Q4 guidance at $0.20-0.26 EPS.

Quantum (NYSE:QTM) last issued its quarterly earnings data on Thursday, November 9th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.13). The company had revenue of $107.10 million for the quarter, compared to analyst estimates of $122.20 million. Quantum had a negative return on equity of 7.26% and a negative net margin of 1.77%. The company’s revenue was down 20.5% on a year-over-year basis. During the same quarter last year, the business earned $0.02 earnings per share.

Shares of Quantum (NYSE QTM) opened at $6.14 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.56 and a debt-to-equity ratio of -0.57. The stock has a market cap of $212.90, a P/E ratio of -24.56, a price-to-earnings-growth ratio of 3.84 and a beta of 2.17. Quantum has a 1 year low of $4.11 and a 1 year high of $9.20.

A hedge fund recently raised its stake in Quantum stock. The Manufacturers Life Insurance Company increased its holdings in Quantum Corp (NYSE:QTM) by 1,582.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,348 shares of the technology company’s stock after buying an additional 22,901 shares during the period. The Manufacturers Life Insurance Company owned 0.07% of Quantum worth $190,000 as of its most recent filing with the Securities and Exchange Commission. 65.07% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research downgraded shares of Quantum from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 7th.

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About Quantum

Quantum Corporation focuses on scale-out storage, archive and data protection, providing solutions for capturing, sharing, managing and preserving digital assets over the entire data lifecycle. The Company’s end-to-end tiered storage solutions enable users to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity.

Earnings History for Quantum (NYSE:QTM)

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