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.

Several hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in shares of CalAmp by 10.9% in the 4th quarter. Geode Capital Management LLC now owns 410,280 shares of the Wireless communications provider’s stock valued at $5,337,000 after acquiring an additional 40,243 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of CalAmp by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,708,889 shares of the Wireless communications provider’s stock valued at $22,233,000 after purchasing an additional 42,993 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in shares of CalAmp in the 4th quarter valued at $449,000. Metropolitan Life Insurance Co. NY lifted its stake in shares of CalAmp by 423.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 11,925 shares of the Wireless communications provider’s stock valued at $155,000 after purchasing an additional 9,648 shares during the period. Finally, Two Sigma Investments LP lifted its stake in shares of CalAmp by 15.0% in the 4th quarter. Two Sigma Investments LP now owns 196,745 shares of the Wireless communications provider’s stock valued at $2,560,000 after purchasing an additional 25,734 shares during the period. 78.51% of the stock is currently owned by institutional investors and hedge funds.

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.

About CalAmp

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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Earnings History and Estimates for CalAmp (NASDAQ:CAMP)

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