CalAmp Corp. (NASDAQ:CAMP) Expected to Announce Earnings of $0.11 Per Share

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Equities analysts predict that CalAmp Corp. (NASDAQ:CAMP) will post $0.11 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for CalAmp’s earnings. The lowest EPS estimate is $0.09 and the highest is $0.15. CalAmp posted earnings per share of $0.31 in the same quarter last year, which would suggest a negative year over year growth rate of 64.5%. The firm is expected to issue its next quarterly earnings results on Thursday, September 26th.

On average, analysts expect that CalAmp will report full-year earnings of $0.72 per share for the current year, with EPS estimates ranging from $0.59 to $0.82. For the next year, analysts forecast that the business will report earnings of $0.98 per share, with EPS estimates ranging from $0.84 to $1.10. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover CalAmp.

CalAmp (NASDAQ:CAMP) last released its quarterly earnings data on Thursday, June 27th. The Wireless communications provider reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.18). The business had revenue of $89.10 million during the quarter, compared to analyst estimates of $86.91 million. CalAmp had a net margin of 0.33% and a return on equity of 11.85%. The business’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.29 earnings per share.

Several brokerages have recently issued reports on CAMP. Zacks Investment Research lowered CGI from a “buy” rating to a “hold” rating in a research note on Wednesday, June 19th. Northland Securities set a $8.00 price objective on vTv Therapeutics and gave the company a “buy” rating in a research note on Friday, June 28th. Craig Hallum upped their price target on 1-800-Flowers.Com from $26.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. ValuEngine downgraded Zuora from a “buy” rating to a “hold” rating in a research note on Saturday, June 1st. Finally, JPMorgan Chase & Co. set a €21.00 ($24.42) target price on Signify and gave the company a “sell” rating in a report on Monday, March 25th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. CalAmp currently has a consensus rating of “Hold” and a consensus price target of $19.38.

NASDAQ CAMP traded down $0.14 during midday trading on Wednesday, hitting $11.46. The company had a trading volume of 5,148 shares, compared to its average volume of 565,559. The stock has a market cap of $390.10 million, a P/E ratio of 16.57, a PEG ratio of 3.29 and a beta of 2.04. The company has a quick ratio of 1.40, a current ratio of 1.60 and a debt-to-equity ratio of 1.01. The business has a 50-day moving average of $10.85. CalAmp has a twelve month low of $9.95 and a twelve month high of $24.37.

In other CalAmp news, Director Larry J. Wolfe acquired 50,000 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was purchased at an average price of $11.33 per share, with a total value of $566,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 4.90% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Connors Investor Services Inc. raised its holdings in CalAmp by 6.2% in the first quarter. Connors Investor Services Inc. now owns 134,046 shares of the Wireless communications provider’s stock valued at $1,686,000 after buying an additional 7,824 shares during the period. Royce & Associates LP acquired a new stake in CalAmp in the first quarter valued at approximately $26,000. Cadence Capital Management LLC grew its position in shares of CalAmp by 1.8% during the first quarter. Cadence Capital Management LLC now owns 156,940 shares of the Wireless communications provider’s stock worth $1,974,000 after buying an additional 2,736 shares in the last quarter. Bbva Compass Bancshares Inc. grew its position in shares of CalAmp by 9.3% during the first quarter. Bbva Compass Bancshares Inc. now owns 14,769 shares of the Wireless communications provider’s stock worth $186,000 after buying an additional 1,260 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in shares of CalAmp by 79.9% during the first quarter. California Public Employees Retirement System now owns 386,647 shares of the Wireless communications provider’s stock worth $4,864,000 after buying an additional 171,713 shares in the last quarter. Institutional investors own 79.52% of the company’s stock.

CalAmp Company Profile

CalAmp Corp. provides in telematics systems, and software and subscription services in the United States, Latin America, Western Europe, Asia Pacific, the Middle East, Africa, and internationally. The company offers mobile resource management telematics devices for the Internet of Things market, which enable customers to optimize their operations by collecting, monitoring, and reporting business-critical information and desired intelligence from remote and mobile assets.

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Earnings History and Estimates for CalAmp (NASDAQ:CAMP)

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