CalAmp Corp. (NASDAQ:CAMP) will be releasing its Q217 earnings data on Thursday, September 29th. Analysts expect CalAmp Corp. to post earnings of $0.27 per share and revenue of $92.26 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
CalAmp Corp. (NASDAQ:CAMP) last announced its quarterly earnings results on Tuesday, June 28th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.09. The business had revenue of $91.10 million for the quarter. CalAmp Corp. had a return on equity of 21.28% and a net margin of 3.34%. The firm’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 earnings per share. On average, analysts expect CalAmp Corp. to post $1.23 EPS for the current fiscal year and $1.49 EPS for the next fiscal year.
Shares of CalAmp Corp. (NASDAQ:CAMP) opened at 16.41 on Wednesday. The stock’s 50 day moving average price is $15.19 and its 200-day moving average price is $15.37. The firm has a market capitalization of $602.23 million, a PE ratio of 58.82 and a beta of 1.10. CalAmp Corp. has a 12 month low of $13.01 and a 12 month high of $21.35.
Several equities analysts have weighed in on the company. B. Riley restated a “buy” rating and set a $29.00 target price on shares of CalAmp Corp. in a report on Monday. First Analysis cut their target price on CalAmp Corp. from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Monday, August 15th. Canaccord Genuity restated a “buy” rating and set a $25.00 target price on shares of CalAmp Corp. in a report on Thursday, August 11th. Craig Hallum restated a “buy” rating and set a $20.00 target price (down from $21.00) on shares of CalAmp Corp. in a report on Wednesday, June 29th. Finally, Zacks Investment Research upgraded CalAmp Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 21st. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $22.67.
In related news, VP Richard K. Vitelle sold 15,000 shares of CalAmp Corp. stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $15.00, for a total transaction of $225,000.00. Following the sale, the vice president now directly owns 304,409 shares of the company’s stock, valued at $4,566,135. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 5.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors increased its stake in CalAmp Corp. by 2.6% in the second quarter. BlackRock Fund Advisors now owns 2,399,327 shares of the company’s stock worth $35,534,000 after buying an additional 60,204 shares during the last quarter. Vanguard Group Inc. increased its stake in CalAmp Corp. by 3.1% in the second quarter. Vanguard Group Inc. now owns 1,699,533 shares of the company’s stock worth $25,170,000 after buying an additional 50,827 shares during the last quarter. Aristotle Capital Boston LLC increased its stake in CalAmp Corp. by 308.9% in the second quarter. Aristotle Capital Boston LLC now owns 175,626 shares of the company’s stock worth $2,601,000 after buying an additional 132,680 shares during the last quarter. BlackRock Investment Management LLC increased its stake in CalAmp Corp. by 7.3% in the second quarter. BlackRock Investment Management LLC now owns 156,707 shares of the company’s stock worth $2,321,000 after buying an additional 10,623 shares during the last quarter. Finally, A.R.T. Advisors LLC increased its stake in CalAmp Corp. by 480.0% in the second quarter. A.R.T. Advisors LLC now owns 79,337 shares of the company’s stock worth $1,174,000 after buying an additional 65,659 shares during the last quarter. 65.21% of the stock is currently owned by institutional investors.
About CalAmp Corp.
CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.
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