CalAmp (NASDAQ:CAMP) Updates Q2 Earnings Guidance

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.

CAMP has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. set a €21.00 ($24.42) price objective on shares of Signify and gave the company a sell rating in a research note on Monday, March 25th. Goldman Sachs Group raised Koninklijke KPN from a neutral rating to a buy rating in a report on Wednesday, May 29th. ValuEngine lowered Zuora from a buy rating to a hold rating in a report on Saturday, June 1st. Northland Securities set a $8.00 target price on vTv Therapeutics and gave the stock a buy rating in a report on Friday, June 28th. Finally, Craig Hallum lifted their target price on 1-800-Flowers.Com from $26.00 to $20.00 and gave the stock a buy rating in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $19.38.

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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Earnings History and Estimates for CalAmp (NASDAQ:CAMP)

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