Wall Street analysts expect Pareteum Corp (NASDAQ:TEUM) to announce earnings of $0.02 per share for the current quarter, Zacks reports. Four analysts have issued estimates for Pareteum’s earnings, with estimates ranging from $0.01 to $0.02. Pareteum posted earnings per share of $0.01 during the same quarter last year, which would indicate a positive year-over-year growth rate of 100%. The business is expected to report its next earnings results on Wednesday, November 6th.

On average, analysts expect that Pareteum will report full year earnings of $0.10 per share for the current fiscal year, with EPS estimates ranging from $0.09 to $0.10. For the next financial year, analysts forecast that the firm will report earnings of $0.15 per share. Zacks’ EPS averages are an average based on a survey of research analysts that follow Pareteum.

Several brokerages recently issued reports on TEUM. BidaskClub lowered Pareteum from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th. Oppenheimer began coverage on Pareteum in a report on Friday, April 26th. They set an “outperform” rating and a $7.00 price objective for the company. Finally, ValuEngine lowered Pareteum from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $7.00.

Shares of TEUM traded down $0.06 during mid-day trading on Thursday, reaching $2.89. The company’s stock had a trading volume of 1,356,661 shares, compared to its average volume of 2,839,409. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.14. Pareteum has a 1 year low of $1.45 and a 1 year high of $5.93. The business has a fifty day moving average of $3.13 and a 200 day moving average of $3.73. The company has a market cap of $352.50 million, a price-to-earnings ratio of 32.06 and a beta of 0.89.

About Pareteum

Pareteum Corporation operates a communications cloud services platform in Europe and internationally. Its platform provides mobility, messaging, and security services and applications, with a single-sign-on, application program interface (API), and software development suite. The company's platform hosts integrated IT/back office and core network functionality for mobile network operators, as well as for enterprises to implement and leverage mobile communications solutions on a Software as a Service (Saas), PaaS, or IaaS basis.

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