PC Tel Inc (NASDAQ:PCTI) announced a quarterly dividend on Friday, January 25th, RTT News reports. Investors of record on Friday, February 8th will be paid a dividend of 0.055 per share by the Wireless communications provider on Friday, February 15th. This represents a $0.22 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend is Thursday, February 7th.
PC Tel has raised its dividend by an average of 3.2% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. PC Tel has a dividend payout ratio of -73.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect PC Tel to earn ($0.10) per share next year, which means the company may not be able to cover its $0.22 annual dividend with an expected future payout ratio of -220.0%.
Shares of PCTI stock opened at $5.19 on Wednesday. The company has a market capitalization of $98.47 million, a P/E ratio of 51.90 and a beta of 0.30. PC Tel has a 1 year low of $3.88 and a 1 year high of $7.60.
PC Tel (NASDAQ:PCTI) last issued its quarterly earnings results on Thursday, November 8th. The Wireless communications provider reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06). The business had revenue of $18.43 million during the quarter, compared to analysts’ expectations of $19.50 million. PC Tel had a negative return on equity of 1.57% and a negative net margin of 0.59%. On average, research analysts predict that PC Tel will post -0.25 EPS for the current year.
Several research analysts have commented on the stock. ValuEngine downgraded shares of PC Tel from a “buy” rating to a “hold” rating in a research report on Monday. Zacks Investment Research upgraded shares of PC Tel from a “sell” rating to a “hold” rating in a research report on Wednesday, October 10th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $5.25.
PC Tel Company Profile
PCTEL, Inc, together with its subsidiaries, delivers performance critical telecom solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. The company operates in two segments, Connected Solutions and RF Solutions. The Connected Solutions segment designs and delivers precision antennas, which are used primarily in small cells, enterprise Wi-Fi access points, fleet management and transit systems, and in equipment and devices for the Industrial Internet of Things.
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