Resonant (RESN) Issues Earnings Results, Beats Estimates By $0.03 EPS

Resonant (NASDAQ:RESN) posted its quarterly earnings data on Thursday. The semiconductor company reported ($0.15) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.03, Fidelity Earnings reports. Resonant had a negative return on equity of 98.33% and a negative net margin of 3,436.54%. The company had revenue of $0.12 million during the quarter, compared to analyst estimates of $0.30 million.

Shares of Resonant traded up $0.01, reaching $4.65, on Friday, Marketbeat Ratings reports. The company’s stock had a trading volume of 426,000 shares, compared to its average volume of 313,131. The firm has a market cap of $123.92 million, a price-to-earnings ratio of -3.42 and a beta of 0.93. Resonant has a 52 week low of $3.17 and a 52 week high of $8.55.

A number of research analysts recently weighed in on the company. HC Wainwright set a $8.00 price objective on Resonant and gave the company a “buy” rating in a research report on Friday. Zacks Investment Research lowered Resonant from a “buy” rating to a “hold” rating in a research report on Saturday, April 28th. Loop Capital assumed coverage on Resonant in a research report on Thursday, June 21st. They set a “buy” rating and a $11.00 price objective for the company. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $8.00 price objective on shares of Resonant in a research report on Thursday, May 10th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $8.50.

In other Resonant news, Director Michael J. Fox bought 100,000 shares of Resonant stock in a transaction on Friday, June 15th. The stock was acquired at an average price of $5.61 per share, with a total value of $561,000.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Jeffrey A. Killian sold 5,269 shares of Resonant stock in a transaction on Tuesday, July 3rd. The stock was sold at an average price of $5.41, for a total value of $28,505.29. Following the completion of the sale, the chief financial officer now directly owns 70,310 shares of the company’s stock, valued at approximately $380,377.10. The disclosure for this sale can be found here. In the last three months, insiders sold 18,865 shares of company stock valued at $96,024. Corporate insiders own 22.30% of the company’s stock.

Resonant Company Profile

Resonant Inc, a late-stage development company, engages in the development of filter designs for radio frequency (RF) front-ends used in the mobile device industry in the United States. It uses Infinite Synthesized Networks technology to configure and connect resonators, the building blocks of RF filters.

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Earnings History for Resonant (NASDAQ:RESN)

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