CalAmp Corp. (CAMP) Expected to Post Quarterly Sales of $89.89 Million

Analysts expect CalAmp Corp. (NASDAQ:CAMP) to report sales of $89.89 million for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for CalAmp’s earnings. The highest sales estimate is $94.40 million and the lowest is $88.80 million. CalAmp posted sales of $94.40 million in the same quarter last year, which suggests a negative year-over-year growth rate of 4.8%. The business is expected to issue its next quarterly earnings report on Thursday, April 25th.

According to Zacks, analysts expect that CalAmp will report full-year sales of $368.02 million for the current fiscal year, with estimates ranging from $365.91 million to $368.80 million. For the next year, analysts anticipate that the firm will post sales of $378.68 million, with estimates ranging from $368.41 million to $397.25 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for CalAmp.

A number of analysts recently commented on CAMP shares. Zacks Investment Research raised CalAmp from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Wednesday, February 20th. Canaccord Genuity decreased their price objective on CalAmp from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, December 21st. Craig Hallum raised CalAmp from a “hold” rating to a “buy” rating and decreased their price objective for the company from $25.00 to $17.00 in a research note on Friday, December 21st. TheStreet lowered CalAmp from a “c” rating to a “d+” rating in a research note on Wednesday, January 2nd. Finally, JPMorgan Chase & Co. set a $18.00 price objective on CalAmp and gave the company a “hold” rating in a research note on Sunday, December 30th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $21.44.

Large investors have recently modified their holdings of the business. Group One Trading L.P. acquired a new stake in CalAmp in the 4th quarter worth about $34,000. Metropolitan Life Insurance Co. NY boosted its stake in CalAmp by 423.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 11,925 shares of the Wireless communications provider’s stock worth $155,000 after buying an additional 9,648 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new stake in CalAmp in the 4th quarter worth about $172,000. Pacer Advisors Inc. boosted its stake in CalAmp by 242.0% in the 3rd quarter. Pacer Advisors Inc. now owns 7,990 shares of the Wireless communications provider’s stock worth $191,000 after buying an additional 5,654 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in CalAmp in the 3rd quarter worth about $202,000. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CAMP traded down $0.08 during trading hours on Friday, reaching $13.42. 136,936 shares of the company traded hands, compared to its average volume of 274,903. The company has a quick ratio of 3.96, a current ratio of 4.29 and a debt-to-equity ratio of 1.35. The firm has a market cap of $459.76 million, a P/E ratio of 14.59, a PEG ratio of 1.80 and a beta of 1.82. CalAmp has a fifty-two week low of $10.91 and a fifty-two week high of $24.52.

CalAmp Company Profile

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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Earnings History and Estimates for CalAmp (NASDAQ:CAMP)

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