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.
Shares of CAMP stock traded down $0.04 during mid-day trading on Friday, reaching $10.72. 282,166 shares of the company were exchanged, compared to its average volume of 556,786. The company has a 50 day moving average price of $10.73. CalAmp has a fifty-two week low of $9.95 and a fifty-two week high of $24.37. The company has a market capitalization of $361.86 million, a P/E ratio of 15.37, a P/E/G ratio of 3.05 and a beta of 2.03. The company has a quick ratio of 1.40, a current ratio of 1.60 and a debt-to-equity ratio of 1.01.
CalAmp (NASDAQ:CAMP) last announced its quarterly earnings data on Thursday, June 27th. The Wireless communications provider reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.18). The firm had revenue of $89.10 million for the quarter, compared to the consensus estimate of $86.91 million. CalAmp had a return on equity of 11.85% and a net margin of 0.33%. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 earnings per share. As a group, research analysts forecast that CalAmp will post 0.36 earnings per share for the current fiscal year.
In other CalAmp news, Director Larry J. Wolfe acquired 50,000 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The stock was purchased at an average cost of $11.33 per share, for a total transaction of $566,500.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.90% of the company’s stock.
CalAmp Company Profile
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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