UTStarcom (UTSI) Set to Announce Quarterly Earnings on Tuesday

UTStarcom (NASDAQ:UTSI) is scheduled to be releasing its earnings data after the market closes on Tuesday, August 13th. Analysts expect UTStarcom to post earnings of ($0.09) per share for the quarter. UTStarcom has set its Q2 2019 guidance at EPS.

UTStarcom (NASDAQ:UTSI) last posted its quarterly earnings data on Friday, May 10th. The Wireless communications provider reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.06. The company had revenue of $24.65 million for the quarter, compared to analyst estimates of $22.50 million. UTStarcom had a net margin of 1.25% and a return on equity of 1.45%. During the same period in the previous year, the business posted ($0.09) earnings per share.

NASDAQ UTSI traded down $0.04 during trading on Tuesday, reaching $2.88. The company’s stock had a trading volume of 19,700 shares, compared to its average volume of 17,721. The company has a current ratio of 2.12, a quick ratio of 1.96 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $106.85 million, a price-to-earnings ratio of 20.57 and a beta of 0.85. UTStarcom has a twelve month low of $2.59 and a twelve month high of $4.11. The business’s fifty day moving average is $3.05.

A number of research firms have commented on UTSI. Zacks Investment Research upgraded shares of UTStarcom from a “hold” rating to a “strong-buy” rating and set a $3.50 price objective on the stock in a research note on Tuesday, July 16th. ValuEngine upgraded shares of UTStarcom from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. Finally, TheStreet lowered shares of UTStarcom from a “c+” rating to a “d+” rating in a research note on Wednesday, May 15th.

About UTStarcom

UTStarcom Holdings Corp. operates as a telecom infrastructure provider to develop technology for bandwidth from cloud-based services, mobile, streaming, and other applications worldwide. The company helps network operators to offer communication services for its customers. Its products line include various platforms that leverage its expertise in packet optical communications, routing and switching technologies, broadband access, wireless communications, and synchronization.

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Earnings History for UTStarcom (NASDAQ:UTSI)

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