CalAmp (CAMP) Issues Q4 Earnings Guidance

CalAmp (NASDAQ:CAMP) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $0.27-0.33 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.32. The company issued revenue guidance of $91-96 million, compared to the consensus revenue estimate of $93.31 million.

Several equities analysts recently issued reports on the company. B. Riley reaffirmed a buy rating on shares of CalAmp in a research report on Tuesday. ValuEngine cut CalAmp from a buy rating to a hold rating in a research report on Friday, December 1st. TheStreet raised CalAmp from a c rating to a b rating in a research report on Friday, September 29th. Zacks Investment Research cut CalAmp from a buy rating to a hold rating in a research report on Wednesday, October 4th. Finally, J P Morgan Chase & Co cut CalAmp from a neutral rating to an underweight rating and set a $22.00 price target on the stock. in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $25.14.

CalAmp (NASDAQ:CAMP) traded up $0.10 during midday trading on Thursday, hitting $23.31. The stock had a trading volume of 394,300 shares, compared to its average volume of 301,120. The company has a market cap of $826.31, a PE ratio of 26.08 and a beta of 1.64. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.72 and a quick ratio of 2.36. CalAmp has a 12-month low of $14.12 and a 12-month high of $24.68.

CalAmp (NASDAQ:CAMP) last released its quarterly earnings results on Thursday, September 28th. The Wireless communications provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. The firm had revenue of $89.80 million for the quarter, compared to analysts’ expectations of $88.72 million. CalAmp had a return on equity of 18.18% and a net margin of 1.31%. The company’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 EPS. analysts expect that CalAmp will post 0.95 EPS for the current fiscal year.

In other news, SVP Garo Sarkis Sarkissian sold 9,833 shares of the company’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $23.89, for a total value of $234,910.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kimberly Alexy sold 25,000 shares of the company’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $22.62, for a total value of $565,500.00. Following the completion of the sale, the director now owns 64,729 shares of the company’s stock, valued at $1,464,169.98. The disclosure for this sale can be found here. Insiders sold a total of 52,833 shares of company stock valued at $1,216,660 over the last 90 days. 5.30% of the stock is currently owned by company insiders.

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CalAmp Company Profile

CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.

Earnings History and Estimates for CalAmp (NASDAQ:CAMP)

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