CalAmp Corp. (NASDAQ:CAMP) – Analysts at First Analysis issued their Q3 2019 EPS estimates for CalAmp in a research report issued to clients and investors on Wednesday, June 27th. First Analysis analyst H. Smith anticipates that the Wireless communications provider will post earnings of $0.31 per share for the quarter.
CalAmp (NASDAQ:CAMP) last issued its quarterly earnings data on Wednesday, June 27th. The Wireless communications provider reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $94.90 million for the quarter, compared to analyst estimates of $93.05 million. CalAmp had a return on equity of 17.42% and a net margin of 7.45%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 earnings per share.
Other equities analysts have also issued research reports about the company. ValuEngine raised CalAmp from a “hold” rating to a “buy” rating in a report on Friday. Craig Hallum lowered CalAmp from a “buy” rating to a “hold” rating and set a $24.00 price objective on the stock. in a report on Thursday, March 8th. Zacks Investment Research raised CalAmp from a “sell” rating to a “hold” rating in a report on Thursday, May 10th. Roth Capital set a $28.00 price objective on CalAmp and gave the stock a “buy” rating in a report on Sunday, May 20th. Finally, TheStreet lowered CalAmp from a “b” rating to a “c+” rating in a report on Thursday, April 26th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. CalAmp presently has an average rating of “Buy” and an average target price of $26.75.
Shares of CalAmp opened at $23.43 on Friday, Marketbeat Ratings reports. The stock has a market cap of $754.80 million, a price-to-earnings ratio of 25.47, a PEG ratio of 1.38 and a beta of 1.72. CalAmp has a 1 year low of $17.52 and a 1 year high of $25.45. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.51 and a current ratio of 2.89.
A number of institutional investors and hedge funds have recently made changes to their positions in CAMP. Raymond James & Associates purchased a new stake in CalAmp in the 4th quarter valued at approximately $214,000. Cubist Systematic Strategies LLC purchased a new stake in CalAmp in the 1st quarter valued at approximately $236,000. Teacher Retirement System of Texas purchased a new stake in CalAmp in the 4th quarter valued at approximately $259,000. Pitcairn Co. purchased a new stake in CalAmp in the 1st quarter valued at approximately $280,000. Finally, Paloma Partners Management Co purchased a new stake in CalAmp in the 4th quarter valued at approximately $292,000. 76.69% of the stock is currently owned by institutional investors.
In related news, CEO Michael J. Burdiek sold 12,500 shares of the firm’s stock in a transaction dated Friday, June 1st. The stock was sold at an average price of $21.35, for a total transaction of $266,875.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last three months, insiders have sold 37,500 shares of company stock worth $793,250. Corporate insiders own 5.40% of the company’s stock.
CalAmp Company Profile
CalAmp Corp. provides in telematics systems, and software and subscription services worldwide. The company provides 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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