CalAmp (NASDAQ:CAMP) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.08-0.14 for the period, compared to the Thomson Reuters consensus estimate of $0.16. The company issued revenue guidance of $89.5-94.5 million, compared to the consensus revenue estimate of $91.24 million.
Shares of CalAmp stock traded up $0.25 on Thursday, hitting $10.40. The stock had a trading volume of 770,668 shares, compared to its average volume of 306,943. CalAmp has a 52-week low of $9.95 and a 52-week high of $24.52. The company has a current ratio of 4.83, a quick ratio of 4.44 and a debt-to-equity ratio of 1.34. The firm has a market cap of $350.22 million, a PE ratio of 11.65, a price-to-earnings-growth ratio of 2.11 and a beta of 2.03. The business has a 50 day moving average price of $11.43.
CalAmp (NASDAQ:CAMP) last posted its earnings results on Tuesday, April 30th. The Wireless communications provider reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.04. CalAmp had a return on equity of 14.66% and a net margin of 5.06%. The business had revenue of $84.40 million during the quarter, compared to the consensus estimate of $88.58 million. During the same period in the previous year, the business earned $0.30 EPS. The business’s quarterly revenue was down 10.6% on a year-over-year basis. As a group, research analysts predict that CalAmp will post 0.49 EPS for the current fiscal year.
CAMP has been the subject of several research reports. Goldman Sachs Group downgraded CalAmp from a neutral rating to a sell rating and reduced their target price for the company from $13.00 to $11.00 in a report on Wednesday, May 29th. JPMorgan Chase & Co. downgraded CalAmp from an overweight rating to a neutral rating and set a $17.00 target price for the company. in a report on Monday, March 25th. Zacks Investment Research downgraded CalAmp from a buy rating to a hold rating in a report on Monday, March 4th. ValuEngine raised CalAmp from a sell rating to a hold rating in a report on Saturday, May 4th. Finally, BidaskClub raised CalAmp from a strong sell rating to a sell rating in a report on Thursday, April 25th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $19.38.
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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