Quantum (NYSE:QTM) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, February 8th. Analysts expect Quantum to post earnings of $0.17 per share for the quarter. Quantum has set its Q3 guidance at $0.16-0.22 EPS and its Q4 guidance at $0.20-0.26 EPS.
Quantum (NYSE:QTM) last released its quarterly earnings results on Thursday, November 9th. The technology company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.13). The company had revenue of $107.10 million during the quarter, compared to the consensus estimate of $122.20 million. Quantum had a negative return on equity of 7.26% and a negative net margin of 1.77%. The company’s revenue was down 20.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.02 earnings per share.
Quantum (NYSE:QTM) opened at $5.61 on Wednesday. The company has a market capitalization of $210.47, a price-to-earnings ratio of -23.37, a PEG ratio of 3.79 and a beta of 2.17. The company has a debt-to-equity ratio of -0.57, a current ratio of 0.78 and a quick ratio of 0.56. Quantum has a 1 year low of $4.11 and a 1 year high of $9.20.
An institutional investor recently raised its position in Quantum stock. The Manufacturers Life Insurance Company lifted its stake in Quantum Corp (NYSE:QTM) by 1,582.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,348 shares of the technology company’s stock after acquiring an additional 22,901 shares during the period. The Manufacturers Life Insurance Company owned 0.07% of Quantum worth $190,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 65.03% of the company’s stock.
Quantum Company Profile
Quantum Corporation focuses on scale-out storage, archive and data protection, providing solutions for capturing, sharing, managing and preserving digital assets over the entire data lifecycle. The Company’s end-to-end tiered storage solutions enable users to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity.
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