Equities analysts predict that CalAmp Corp. (NASDAQ:CAMP) will report earnings per share of $0.23 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for CalAmp Corp.’s earnings. The highest EPS estimate is $0.28 and the lowest is $0.21. CalAmp Corp. posted earnings per share of $0.27 during the same quarter last year, which would indicate a negative year over year growth rate of 14.8%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, June 27th.
On average, analysts expect that CalAmp Corp. will report full-year earnings of $1.04 per share for the current year, with EPS estimates ranging from $0.92 to $1.18. For the next fiscal year, analysts expect that the firm will report earnings of $1.12 per share. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow CalAmp Corp..
CalAmp Corp. (NASDAQ:CAMP) last issued its quarterly earnings data on Tuesday, April 18th. The Wireless communications provider reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. The firm earned $86.10 million during the quarter, compared to analysts’ expectations of $86.01 million. CalAmp Corp. had a net margin of 0.55% and a return on equity of 19.30%. CalAmp Corp.’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 earnings per share.
Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of CalAmp Corp. from a “hold” rating to a “sell” rating in a report on Thursday. B. Riley reaffirmed a “buy” rating and set a $22.00 target price on shares of CalAmp Corp. in a report on Monday. Sidoti downgraded shares of CalAmp Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, March 22nd. Canaccord Genuity reaffirmed a “buy” rating and set a $23.00 target price on shares of CalAmp Corp. in a report on Monday, March 6th. Finally, William Blair reaffirmed a “market perform” rating on shares of CalAmp Corp. in a report on Monday, December 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $19.29.
Shares of CalAmp Corp. (NASDAQ:CAMP) traded down 0.06% during midday trading on Monday, reaching $18.00. 857,389 shares of the company were exchanged. The stock has a 50-day moving average price of $16.60 and a 200 day moving average price of $15.16. The company has a market capitalization of $637.42 million, a P/E ratio of 360.00 and a beta of 1.36. CalAmp Corp. has a 52-week low of $12.13 and a 52-week high of $18.35.
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In other CalAmp Corp. news, SVP Garo Sarkis Sarkissian sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 26th. The shares were sold at an average price of $15.19, for a total value of $151,900.00. Following the completion of the sale, the senior vice president now owns 205,680 shares of the company’s stock, valued at approximately $3,124,279.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.00% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Thompson Siegel & Walmsley LLC bought a new position in shares of CalAmp Corp. during the fourth quarter worth about $9,555,000. Divisar Capital Management LLC bought a new position in shares of CalAmp Corp. during the fourth quarter worth about $8,264,000. Russell Investments Group Ltd. bought a new position in shares of CalAmp Corp. during the fourth quarter worth about $7,506,000. California Public Employees Retirement System increased its position in shares of CalAmp Corp. by 115.5% in the third quarter. California Public Employees Retirement System now owns 632,900 shares of the Wireless communications provider’s stock worth $8,829,000 after buying an additional 339,200 shares during the last quarter. Finally, BlackRock Fund Advisors increased its position in shares of CalAmp Corp. by 6.6% in the third quarter. BlackRock Fund Advisors now owns 2,557,771 shares of the Wireless communications provider’s stock worth $35,681,000 after buying an additional 158,444 shares during the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.
About CalAmp Corp.
CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.
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