Quantum (NYSE:QTM) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, February 8th. Analysts expect Quantum to post earnings of $0.17 per share for the quarter. 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 for the quarter, missing the consensus estimate of ($0.01) by ($0.13). The company had revenue of $107.10 million for the quarter, compared to analysts’ expectations of $122.20 million. Quantum had a negative return on equity of 7.26% and a negative net margin of 1.77%. The firm’s quarterly revenue was down 20.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.02 EPS.
Shares of Quantum (NYSE QTM) opened at $6.19 on Thursday. The firm has a market cap of $218.10, a P/E ratio of -25.79, a PEG ratio of 3.93 and a beta of 2.17. The company has a current ratio of 0.78, a quick ratio of 0.56 and a debt-to-equity ratio of -0.57. Quantum has a 12-month low of $4.11 and a 12-month high of $9.20.
An institutional investor recently raised its position in Quantum stock. The Manufacturers Life Insurance Company lifted its stake in shares of Quantum Corp (NYSE:QTM) by 1,582.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,348 shares of the technology company’s stock after buying an additional 22,901 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.07% of Quantum worth $190,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 65.03% of the company’s stock.
Quantum Company Profile
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.
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