B. Riley reaffirmed their buy rating on shares of PC-Tel, Inc. (NASDAQ:PCTI) in a research report released on Thursday. They currently have a $8.50 target price on the Wireless communications provider’s stock. B. Riley also issued estimates for PC-Tel’s FY2019 earnings at $0.21 EPS.
Shares of PC-Tel (NASDAQ PCTI) traded up $0.08 on Thursday, hitting $7.13. 60,616 shares of the stock traded hands, compared to its average volume of 79,434. PC-Tel has a 52 week low of $4.86 and a 52 week high of $8.48. The firm has a market capitalization of $127.10, a P/E ratio of 61.64 and a beta of 0.62.
PC-Tel (NASDAQ:PCTI) last announced its quarterly earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. PC-Tel had a negative net margin of 4.86% and a positive return on equity of 2.15%. The company had revenue of $23.70 million during the quarter, compared to the consensus estimate of $23.11 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. equities analysts forecast that PC-Tel will post 0.08 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This story was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://sportsperspectives.com/2017/11/11/pc-tel-inc-pcti-given-buy-rating-at-b-riley.html.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th will be issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Tuesday, November 7th. PC-Tel’s dividend payout ratio (DPR) is -68.75%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Prudential Financial Inc. boosted its holdings in shares of PC-Tel by 0.8% during the first quarter. Prudential Financial Inc. now owns 52,800 shares of the Wireless communications provider’s stock valued at $376,000 after acquiring an additional 400 shares during the period. Northern Trust Corp boosted its holdings in shares of PC-Tel by 2.6% during the second quarter. Northern Trust Corp now owns 411,946 shares of the Wireless communications provider’s stock valued at $2,916,000 after acquiring an additional 10,333 shares during the period. Eagle Global Advisors LLC acquired a new position in shares of PC-Tel during the second quarter valued at $102,000. Citadel Advisors LLC acquired a new position in shares of PC-Tel during the third quarter valued at $101,000. Finally, Susquehanna International Group LLP acquired a new position in shares of PC-Tel during the second quarter valued at $114,000. 71.36% of the stock is owned by institutional investors.
PC-Tel Company Profile
PCTEL, Inc (PCTEL) delivers telecom solutions. The Company operates in two segments: Connected Solutions and RF Solutions. The RF Solutions segment develops and provides test equipment, software and engineering services for wireless networks. The Connected Solutions segment designs and delivers antennas and site solutions for wireless networks globally.
Receive News & Ratings for PC-Tel Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PC-Tel Inc. and related companies with MarketBeat.com's FREE daily email newsletter.