PC Tel Inc (NASDAQ:PCTI) declared a quarterly dividend on Friday, January 25th, RTT News reports. Stockholders of record on Friday, February 8th will be paid a dividend of 0.055 per share by the Wireless communications provider on Friday, February 15th. This represents a $0.22 annualized dividend and a dividend yield of 4.24%. The ex-dividend date is Thursday, February 7th.
PC Tel has raised its dividend payment by an average of 3.2% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. PC Tel has a dividend payout ratio of -73.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect PC Tel to earn ($0.10) per share next year, which means the company may not be able to cover its $0.22 annual dividend with an expected future payout ratio of -220.0%.
NASDAQ PCTI opened at $5.19 on Wednesday. The firm has a market capitalization of $98.47 million, a P/E ratio of 51.90 and a beta of 0.30. PC Tel has a twelve month low of $3.88 and a twelve month high of $7.60.
PC Tel (NASDAQ:PCTI) last posted its quarterly earnings data on Thursday, November 8th. The Wireless communications provider reported ($0.06) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.06). The business had revenue of $18.43 million during the quarter, compared to the consensus estimate of $19.50 million. PC Tel had a negative return on equity of 1.57% and a negative net margin of 0.59%. Equities analysts anticipate that PC Tel will post -0.25 EPS for the current fiscal year.
A number of analysts recently weighed in on the company. Zacks Investment Research upgraded PC Tel from a “sell” rating to a “hold” rating in a report on Wednesday, October 10th. ValuEngine downgraded PC Tel from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $5.25.
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PC Tel Company Profile
PCTEL, Inc, together with its subsidiaries, delivers performance critical telecom solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. The company operates in two segments, Connected Solutions and RF Solutions. The Connected Solutions segment designs and delivers precision antennas, which are used primarily in small cells, enterprise Wi-Fi access points, fleet management and transit systems, and in equipment and devices for the Industrial Internet of Things.
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