Brokerages Anticipate CalAmp Corp. (CAMP) Will Post Earnings of $0.31 Per Share

Equities research analysts expect that CalAmp Corp. (NASDAQ:CAMP) will post earnings per share of $0.31 for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for CalAmp’s earnings, with estimates ranging from $0.30 to $0.33. CalAmp also posted earnings of $0.31 per share during the same quarter last year. The company is expected to report its next quarterly earnings results on Thursday, December 20th.

According to Zacks, analysts expect that CalAmp will report full-year earnings of $1.24 per share for the current year, with EPS estimates ranging from $1.21 to $1.27. For the next financial year, analysts anticipate that the company will report earnings of $1.45 per share, with EPS estimates ranging from $1.33 to $1.57. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover CalAmp.

CalAmp (NASDAQ:CAMP) last released its earnings results on Thursday, September 27th. The Wireless communications provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.03. The company had revenue of $96.00 million for the quarter, compared to the consensus estimate of $95.36 million. CalAmp had a net margin of 3.88% and a return on equity of 16.87%. CalAmp’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS.

Several analysts have weighed in on CAMP shares. Zacks Investment Research raised shares of CalAmp from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. BidaskClub downgraded shares of CalAmp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 18th. Craig Hallum reissued a “hold” rating and set a $25.00 target price (up previously from $23.00) on shares of CalAmp in a research report on Friday, September 28th. Canaccord Genuity boosted their target price on shares of CalAmp from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, September 28th. Finally, B. Riley boosted their target price on shares of CalAmp to $32.00 and gave the stock a “buy” rating in a research report on Friday, September 28th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $27.43.

NASDAQ:CAMP traded down $0.09 during trading hours on Tuesday, hitting $20.36. 259,282 shares of the company were exchanged, compared to its average volume of 411,402. The company has a market cap of $707.73 million, a PE ratio of 22.13, a P/E/G ratio of 1.88 and a beta of 1.70. CalAmp has a 52-week low of $18.97 and a 52-week high of $25.45. The company has a current ratio of 4.39, a quick ratio of 4.07 and a debt-to-equity ratio of 1.28.

In other news, CEO Michael J. Burdiek sold 6,000 shares of the company’s stock in a transaction on Tuesday, October 2nd. The shares were sold at an average price of $21.69, for a total value of $130,140.00. Following the sale, the chief executive officer now directly owns 513,455 shares of the company’s stock, valued at approximately $11,136,838.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Garo Sarkis Sarkissian sold 2,500 shares of the company’s stock in a transaction on Tuesday, October 23rd. The shares were sold at an average price of $20.25, for a total transaction of $50,625.00. Following the completion of the sale, the senior vice president now directly owns 186,376 shares in the company, valued at $3,774,114. The disclosure for this sale can be found here. 5.40% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Summit Trail Advisors LLC boosted its holdings in shares of CalAmp by 10.5% in the 1st quarter. Summit Trail Advisors LLC now owns 27,084 shares of the Wireless communications provider’s stock valued at $438,000 after acquiring an additional 2,563 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of CalAmp by 3.3% in the 2nd quarter. Rhumbline Advisers now owns 83,721 shares of the Wireless communications provider’s stock valued at $1,962,000 after acquiring an additional 2,698 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of CalAmp by 7.1% in the 2nd quarter. Legal & General Group Plc now owns 70,938 shares of the Wireless communications provider’s stock valued at $1,641,000 after acquiring an additional 4,676 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of CalAmp by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,652,677 shares of the Wireless communications provider’s stock valued at $38,721,000 after acquiring an additional 4,952 shares during the last quarter. Finally, Laurion Capital Management LP boosted its holdings in shares of CalAmp by 35.8% in the 2nd quarter. Laurion Capital Management LP now owns 19,830 shares of the Wireless communications provider’s stock valued at $465,000 after acquiring an additional 5,230 shares during the last quarter. 78.40% of the stock is currently owned by institutional investors and hedge funds.

About CalAmp

CalAmp Corp. provides in telematics systems, and software and subscription services worldwide. The company provides 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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