Analysts Expect CalAmp Corp. (CAMP) to Announce $0.26 Earnings Per Share
Analysts predict that CalAmp Corp. (NASDAQ:CAMP) will announce earnings of $0.26 per share for the current quarter, according to Zacks. Six analysts have made estimates for CalAmp’s earnings, with estimates ranging from $0.25 to $0.26. CalAmp reported earnings of $0.30 per share during the same quarter last year, which would indicate a negative year over year growth rate of 13.3%. The business is scheduled to report its next earnings results on Thursday, April 25th.
On average, analysts expect that CalAmp will report full-year earnings of $1.10 per share for the current fiscal year, with EPS estimates ranging from $1.10 to $1.11. For the next financial year, analysts expect that the business will post earnings of $1.12 per share, with EPS estimates ranging from $0.91 to $1.21. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover CalAmp.
CAMP has been the topic of several research analyst reports. BidaskClub downgraded shares of CalAmp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 18th. JPMorgan Chase & Co. set a $18.00 target price on shares of CalAmp and gave the stock a “hold” rating in a research report on Friday, December 21st. Craig Hallum raised shares of CalAmp from a “hold” rating to a “buy” rating and dropped their target price for the stock from $25.00 to $17.00 in a research report on Friday, December 21st. Canaccord Genuity dropped their target price on shares of CalAmp from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, December 21st. Finally, TheStreet downgraded shares of CalAmp from a “c” rating to a “d+” rating in a research report on Wednesday, January 2nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $21.44.
NASDAQ:CAMP traded down $0.12 during trading hours on Wednesday, hitting $12.82. 187,590 shares of the company were exchanged, compared to its average volume of 234,414. The company has a market cap of $448.46 million, a PE ratio of 13.93, a P/E/G ratio of 1.82 and a beta of 1.82. CalAmp has a 52-week low of $10.91 and a 52-week high of $24.52. The company has a current ratio of 4.29, a quick ratio of 3.96 and a debt-to-equity ratio of 1.35.
CalAmp Corp. provides in telematics systems, and software and subscription services worldwide. The company provides mobile resource management telematics devices for the Internet of Things market, which enable customers to optimize their operations by collecting, monitoring, and reporting business-critical information and desired intelligence from remote and mobile assets.
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