UTStarcom (NASDAQ:UTSI) issued its quarterly earnings data on Friday. The Wireless communications provider reported $0.06 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06, MarketWatch Earnings reports. The company had revenue of $52.09 million for the quarter, compared to analyst estimates of $40.50 million. UTStarcom had a net margin of 2.71% and a return on equity of 3.16%. During the same period last year, the company posted ($0.04) earnings per share. UTStarcom updated its Q4 2018 guidance to EPS.
UTSI stock traded down $0.03 during trading on Friday, hitting $3.60. 5,011 shares of the company’s stock traded hands, compared to its average volume of 16,158. The firm has a market cap of $131.37 million, a price-to-earnings ratio of 16.37 and a beta of 0.29. UTStarcom has a 1 year low of $3.16 and a 1 year high of $6.51.
Several equities analysts recently issued reports on UTSI shares. ValuEngine raised shares of UTStarcom from a “hold” rating to a “buy” rating in a report on Wednesday, July 18th. TheStreet raised shares of UTStarcom from a “d+” rating to a “c” rating in a report on Wednesday, August 8th.
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UTStarcom Company Profile
UTStarcom Holdings Corp. operates as a telecom infrastructure provider to develop technology for bandwidth from cloud-based services, mobile, streaming, and other applications worldwide. The company helps network operators to offer communication services for its customers. Its products line include various platforms that leverage its expertise in packet optical communications, routing and switching technologies, broadband access, wireless communications, and synchronization.
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