Vecima Networks (VCM) Set to Announce Quarterly Earnings on Wednesday

Vecima Networks (TSE:VCM) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, May 15th. Analysts expect the company to announce earnings of C$0.27 per share for the quarter.

Vecima Networks (TSE:VCM) last issued its earnings results on Wednesday, February 14th. The company reported C$0.15 earnings per share for the quarter, topping the consensus estimate of C$0.04 by C$0.11. Vecima Networks had a return on equity of 6.88% and a net margin of 5.37%. The company had revenue of C$61.95 million for the quarter, compared to analyst estimates of C$61.65 million.

Vecima Networks Stock Performance

Shares of VCM stock opened at C$19.75 on Wednesday. The company has a debt-to-equity ratio of 27.09, a current ratio of 1.58 and a quick ratio of 0.83. Vecima Networks has a fifty-two week low of C$14.50 and a fifty-two week high of C$23.30. The stock’s 50-day moving average is C$20.24 and its two-hundred day moving average is C$17.79. The firm has a market cap of C$480.12 million, a P/E ratio of 32.38 and a beta of 0.65.

Vecima Networks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Friday, February 23rd were given a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 1.11%. The ex-dividend date was Thursday, February 22nd. Vecima Networks’s payout ratio is currently 36.07%.

Analyst Upgrades and Downgrades

Separately, Cormark upped their price target on Vecima Networks from C$23.00 to C$27.00 in a research note on Thursday, April 4th.

Vecima Networks Company Profile

Vecima Networks Inc engages in the development of integrated hardware and software solutions for broadband access, content delivery, and telematics. The company operates through three segments: Video and Broadband Solutions, Content Delivery and Storage, and Telematics. The Video and Broadband Solutions segment offers platforms that process data from the cable network and deliver high-speed internet connectivity to homes over cable and fiber, as well as adapt video services.