CalAmp (NASDAQ:CAMP) Releases Earnings Results, Beats Estimates By $0.07 EPS

CalAmp (NASDAQ:CAMP) released its earnings results on Thursday. The Wireless communications provider reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.07, MarketWatch Earnings reports. CalAmp had a negative net margin of 23.80% and a positive return on equity of 0.84%. The firm had revenue of $80.22 million during the quarter, compared to the consensus estimate of $75.29 million. During the same period in the prior year, the firm earned $0.12 EPS. The company’s revenue was down 9.9% compared to the same quarter last year.

CAMP opened at $8.37 on Friday. The company has a 50 day moving average of $7.42 and a 200 day moving average of $7.98. The company has a market cap of $287.61 million, a PE ratio of 167.40 and a beta of 2.42. CalAmp has a 12 month low of $3.70 and a 12 month high of $12.32. The company has a current ratio of 1.96, a quick ratio of 1.66 and a debt-to-equity ratio of 1.46.

A number of research analysts have recently weighed in on the stock. Northland Securities assumed coverage on shares of CalAmp in a research report on Friday. They set a “buy” rating and a $12.00 target price for the company. Goldman Sachs Group reduced their target price on shares of CalAmp from $7.75 to $5.00 and set a “sell” rating for the company in a research report on Thursday, March 19th. BidaskClub downgraded shares of CalAmp from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research raised shares of CalAmp from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Jefferies Financial Group raised shares of CalAmp from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a report on Friday, April 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $10.04.

In other news, Director Amal M. Johnson bought 30,000 shares of the stock in a transaction on Monday, May 18th. The shares were acquired at an average cost of $6.29 per share, for a total transaction of $188,700.00. Also, CEO Jeffery R. Gardner bought 5,000 shares of the stock in a transaction on Friday, May 8th. The stock was purchased at an average price of $6.86 per share, for a total transaction of $34,300.00. 3.40% of the stock is currently owned by company insiders.

About CalAmp

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 for CalAmp (NASDAQ:CAMP)

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