Brokerages Expect UTStarcom Holdings Corp (NASDAQ:UTSI) to Post ($0.04) Earnings Per Share

Shares of UTStarcom Holdings Corp (NASDAQ:UTSI) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokerages have set a one year consensus target price of $4.50 for the company and are predicting that the company will post ($0.04) earnings per share for the current quarter, according to Zacks. Zacks has also given UTStarcom an industry rank of 144 out of 256 based on the ratings given to its competitors.

Several analysts have weighed in on the company. TheStreet lowered UTStarcom from a “c+” rating to a “d+” rating in a report on Wednesday, May 15th. Zacks Investment Research lowered UTStarcom from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. Finally, ValuEngine raised UTStarcom from a “hold” rating to a “buy” rating in a report on Friday, July 12th.

UTSI stock traded down $0.03 on Thursday, reaching $2.72. 11,800 shares of the company’s stock were exchanged, compared to its average volume of 17,802. The stock has a fifty day moving average of $3.00 and a 200-day moving average of $3.36. UTStarcom has a twelve month low of $2.59 and a twelve month high of $4.11. The firm has a market cap of $103.29 million, a PE ratio of 19.43 and a beta of 0.85. The company has a quick ratio of 1.96, a current ratio of 2.12 and a debt-to-equity ratio of 0.02.

UTStarcom (NASDAQ:UTSI) last posted its earnings results on Tuesday, August 13th. The Wireless communications provider reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.14. The company had revenue of $13.91 million for the quarter, compared to analyst estimates of $15.00 million. UTStarcom had a return on equity of 1.45% and a net margin of 1.25%. During the same quarter in the prior year, the company earned $0.01 earnings per share. On average, equities research analysts predict that UTStarcom will post -0.1 EPS for the current fiscal year.

UTStarcom Company Profile

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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