$0.07 EPS Expected for CalAmp Corp. (NASDAQ:CAMP) This Quarter

Wall Street analysts predict that CalAmp Corp. (NASDAQ:CAMP) will announce earnings per share of $0.07 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for CalAmp’s earnings. The highest EPS estimate is $0.08 and the lowest is $0.05. CalAmp posted earnings per share of $0.02 in the same quarter last year, which indicates a positive year over year growth rate of 250%. The firm is expected to report its next earnings results after the market closes on Thursday, June 24th.

On average, analysts expect that CalAmp will report full year earnings of $0.51 per share for the current financial year, with EPS estimates ranging from $0.44 to $0.60. For the next fiscal year, analysts expect that the firm will post earnings of $0.69 per share, with EPS estimates ranging from $0.52 to $1.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow CalAmp.

CalAmp (NASDAQ:CAMP) last announced its quarterly earnings results on Wednesday, April 21st. The Wireless communications provider reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.09. CalAmp had a negative net margin of 16.87% and a negative return on equity of 1.81%. The business had revenue of $81.95 million for the quarter, compared to analysts’ expectations of $83.68 million. During the same quarter last year, the firm earned $0.07 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year.

Several equities analysts have commented on CAMP shares. Zacks Investment Research raised shares of CalAmp from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Tuesday, March 23rd. Canaccord Genuity lifted their target price on shares of CalAmp from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, April 23rd.

Large investors have recently bought and sold shares of the stock. Captrust Financial Advisors raised its holdings in shares of CalAmp by 5,641.4% in the 1st quarter. Captrust Financial Advisors now owns 4,019 shares of the Wireless communications provider’s stock worth $44,000 after purchasing an additional 3,949 shares during the period. Vantage Consulting Group Inc bought a new stake in shares of CalAmp in the 4th quarter worth approximately $48,000. Lazard Asset Management LLC bought a new stake in shares of CalAmp in the 4th quarter worth approximately $52,000. Citigroup Inc. raised its holdings in shares of CalAmp by 225.2% in the 4th quarter. Citigroup Inc. now owns 8,814 shares of the Wireless communications provider’s stock worth $87,000 after purchasing an additional 6,104 shares during the period. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of CalAmp by 43.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 10,313 shares of the Wireless communications provider’s stock worth $112,000 after purchasing an additional 3,142 shares during the period. 75.21% of the stock is currently owned by institutional investors.

Shares of CalAmp stock traded up $0.29 during mid-day trading on Friday, hitting $13.93. 653 shares of the stock were exchanged, compared to its average volume of 197,225. CalAmp has a 12 month low of $6.83 and a 12 month high of $14.51. The firm’s 50-day moving average is $12.80. The company has a quick ratio of 1.78, a current ratio of 2.00 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $488.04 million, a P/E ratio of -8.53, a P/E/G ratio of 9.00 and a beta of 2.59.

CalAmp Company Profile

CalAmp Corp. provides in telematics systems, and software and subscription services in the United States, Europe, the Middle East, Africa, South America, Asia and Pacific Rim, and internationally. The company offers telematics products, including asset tracking units, mobile telematics devices, fixed and mobile wireless gateways, and routers; and advanced telematics products for the broader connected vehicle and 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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