PC Tel (NASDAQ:PCTI) issued its earnings results on Thursday. The Wireless communications provider reported $0.08 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.08, Bloomberg Earnings reports. PC Tel had a return on equity of 2.17% and a net margin of 4.09%. The business had revenue of $23.30 million during the quarter, compared to analysts’ expectations of $23.73 million. During the same period in the prior year, the firm posted $0.08 EPS.
Shares of PC Tel (NASDAQ PCTI) opened at $7.42 on Friday. PC Tel has a twelve month low of $5.50 and a twelve month high of $8.48. The firm has a market capitalization of $122.32, a price-to-earnings ratio of 32.26 and a beta of 0.59.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 8th were issued a dividend of $0.055 per share. The ex-dividend date was Wednesday, February 7th. This represents a $0.22 dividend on an annualized basis and a yield of 2.96%. PC Tel’s dividend payout ratio is 95.65%.
Separately, B. Riley reissued a “buy” rating on shares of PC Tel in a report on Monday, March 12th.
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About PC Tel
PCTEL, Inc (PCTEL) delivers telecom solutions. The Company operates in two segments: Connected Solutions and RF Solutions. The RF Solutions segment develops and provides test equipment, software and engineering services for wireless networks. The Connected Solutions segment designs and delivers antennas and site solutions for wireless networks globally.
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