UTStarcom (NASDAQ:UTSI) Announces Earnings Results, Beats Expectations By $0.14 EPS

UTStarcom (NASDAQ:UTSI) announced its earnings results on Tuesday. The Wireless communications provider reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.14, RTT News reports. UTStarcom had a net margin of 3.17% and a return on equity of 3.23%. The firm had revenue of $13.91 million for the quarter, compared to analyst estimates of $15.00 million. During the same quarter last year, the business earned $0.01 earnings per share. UTStarcom updated its Q3 2019 guidance to EPS.

Shares of UTSI opened at $2.72 on Friday. The firm has a market cap of $102.57 million, a PE ratio of 19.43 and a beta of 0.85. The company’s fifty day moving average is $3.00 and its two-hundred day moving average is $3.36. UTStarcom has a fifty-two week low of $2.59 and a fifty-two week high of $4.11. The company has a quick ratio of 1.96, a current ratio of 2.12 and a debt-to-equity ratio of 0.02.

A number of brokerages recently issued reports on UTSI. ValuEngine upgraded shares of UTStarcom from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. Zacks Investment Research lowered shares of UTStarcom from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. Finally, TheStreet lowered shares of UTStarcom from a “c+” rating to a “d+” rating in a report on Wednesday, May 15th.

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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Earnings History for UTStarcom (NASDAQ:UTSI)

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