Brokerages expect CalAmp Corp. (NASDAQ:CAMP) to post earnings of $0.29 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for CalAmp’s earnings. The lowest EPS estimate is $0.28 and the highest is $0.30. CalAmp reported earnings per share of $0.28 during the same quarter last year, which suggests a positive year-over-year growth rate of 3.6%. The firm is expected to report its next earnings report on Tuesday, April 17th.
On average, analysts expect that CalAmp will report full-year earnings of $1.16 per share for the current year, with EPS estimates ranging from $1.15 to $1.17. For the next year, analysts expect that the business will report earnings of $1.33 per share, with EPS estimates ranging from $1.30 to $1.38. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow CalAmp.
CalAmp (NASDAQ:CAMP) last released its quarterly earnings data on Thursday, December 21st. The Wireless communications provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.07. CalAmp had a net margin of 5.00% and a return on equity of 19.20%. The business had revenue of $93.67 million during the quarter, compared to analyst estimates of $91.10 million. During the same quarter in the previous year, the business earned $0.21 EPS. CalAmp’s quarterly revenue was up 12.4% compared to the same quarter last year.
Several brokerages recently commented on CAMP. First Analysis upgraded shares of CalAmp from an “equal weight” rating to an “overweight” rating and set a $29.00 target price on the stock in a report on Friday, February 16th. B. Riley reiterated a “buy” rating and issued a $28.00 target price on shares of CalAmp in a report on Wednesday, January 3rd. Canaccord Genuity reiterated a “buy” rating and issued a $27.00 target price on shares of CalAmp in a report on Thursday, December 21st. Zacks Investment Research downgraded shares of CalAmp from a “hold” rating to a “sell” rating in a report on Thursday, December 28th. Finally, Craig Hallum downgraded shares of CalAmp from a “buy” rating to a “hold” rating and set a $24.00 target price on the stock. in a report on Thursday, March 8th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. CalAmp presently has a consensus rating of “Buy” and an average price target of $26.44.
CalAmp (CAMP) traded up $0.20 during mid-day trading on Wednesday, hitting $23.95. 173,455 shares of the company traded hands, compared to its average volume of 334,862. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.36 and a current ratio of 2.76. CalAmp has a 1-year low of $15.64 and a 1-year high of $25.45. The firm has a market cap of $847.15, a price-to-earnings ratio of 48.88 and a beta of 1.70.
In other news, SVP Garo Sarkis Sarkissian sold 3,000 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $22.00, for a total transaction of $66,000.00. Following the transaction, the senior vice president now owns 195,289 shares in the company, valued at approximately $4,296,358. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael J. Burdiek sold 4,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $24.35, for a total transaction of $97,400.00. Following the transaction, the chief executive officer now owns 487,434 shares in the company, valued at approximately $11,869,017.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,500 shares of company stock worth $699,645. Insiders own 5.30% of the company’s stock.
Several large investors have recently bought and sold shares of CAMP. LS Investment Advisors LLC increased its holdings in shares of CalAmp by 380.1% during the 4th quarter. LS Investment Advisors LLC now owns 5,776 shares of the Wireless communications provider’s stock worth $124,000 after purchasing an additional 4,573 shares during the period. FDx Advisors Inc. bought a new position in shares of CalAmp during the 3rd quarter worth about $214,000. Raymond James & Associates bought a new position in shares of CalAmp during the 4th quarter worth about $214,000. Teacher Retirement System of Texas bought a new position in shares of CalAmp during the 4th quarter worth about $259,000. Finally, Paloma Partners Management Co bought a new position in shares of CalAmp during the 4th quarter worth about $292,000. Institutional investors own 71.67% of the company’s stock.
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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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