CalAmp (NASDAQ:CAMP) issued an update on its second quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.08-0.14 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.16. The company issued revenue guidance of $89.5-94.5 million, compared to the consensus revenue estimate of $91.24 million.
A number of research firms have commented on CAMP. Zacks Investment Research downgraded CalAmp from a hold rating to a sell rating in a research report on Monday, May 6th. BidaskClub upgraded CalAmp from a strong sell rating to a sell rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. downgraded CalAmp from an overweight rating to a neutral rating and set a $17.00 target price on the stock. in a research report on Monday, March 25th. TheStreet upgraded CalAmp from a d+ rating to a c rating in a research report on Friday, May 10th. Finally, ValuEngine upgraded CalAmp from a sell rating to a hold rating in a research report on Saturday, May 4th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $19.38.
Shares of NASDAQ CAMP traded up $0.25 during trading on Thursday, reaching $10.40. The stock had a trading volume of 770,668 shares, compared to its average volume of 306,943. CalAmp has a fifty-two week low of $9.95 and a fifty-two week high of $24.52. The company has a debt-to-equity ratio of 1.34, a quick ratio of 4.44 and a current ratio of 4.83. The stock has a 50-day moving average price of $11.43. The stock has a market capitalization of $350.22 million, a P/E ratio of 11.65, a P/E/G ratio of 2.11 and a beta of 2.03.
CalAmp (NASDAQ:CAMP) last issued its quarterly earnings data on Tuesday, April 30th. The Wireless communications provider reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.04. CalAmp had a return on equity of 14.66% and a net margin of 5.06%. The business had revenue of $84.40 million during the quarter, compared to analysts’ expectations of $88.58 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The company’s revenue was down 10.6% on a year-over-year basis. Research analysts expect that CalAmp will post 0.49 earnings per share for the current fiscal year.
CalAmp Corp. provides in telematics systems, and software and subscription services in the United States, Latin America, Western Europe, Asia Pacific, the Middle East, Africa, and internationally. The company offers 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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