PC Tel Inc (NASDAQ:PCTI) has been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokerages have set a one year consensus price target of $8.00 for the company and are predicting that the company will post $0.12 EPS for the current quarter, according to Zacks. Zacks has also given PC Tel an industry rank of 76 out of 255 based on the ratings given to related companies.
A number of research firms recently issued reports on PCTI. Lake Street Capital raised their price objective on shares of PC Tel from $6.00 to $8.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Zacks Investment Research raised shares of PC Tel from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Thursday, November 14th. TheStreet upgraded shares of PC Tel from a “c” rating to a “b-” rating in a research note on Monday, September 9th. Finally, ValuEngine lowered shares of PC Tel from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd.
PC Tel (NASDAQ:PCTI) last released its earnings results on Thursday, November 7th. The Wireless communications provider reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01. The company had revenue of $23.63 million for the quarter, compared to analysts’ expectations of $23.65 million. PC Tel had a positive return on equity of 3.26% and a negative net margin of 8.07%. Research analysts expect that PC Tel will post 0.23 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.49%. PC Tel’s dividend payout ratio is presently -95.65%.
Hedge funds have recently bought and sold shares of the company. Bailard Inc. purchased a new stake in PC Tel in the 2nd quarter worth about $149,000. Hillsdale Investment Management Inc. purchased a new position in shares of PC Tel in the second quarter worth about $414,000. JPMorgan Chase & Co. increased its stake in shares of PC Tel by 152.3% in the second quarter. JPMorgan Chase & Co. now owns 27,498 shares of the Wireless communications provider’s stock worth $123,000 after purchasing an additional 16,600 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of PC Tel by 79.4% in the second quarter. Acadian Asset Management LLC now owns 52,333 shares of the Wireless communications provider’s stock worth $232,000 after purchasing an additional 23,154 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of PC Tel by 28.1% in the second quarter. Russell Investments Group Ltd. now owns 356,025 shares of the Wireless communications provider’s stock valued at $1,578,000 after purchasing an additional 78,026 shares during the period. Institutional investors own 57.48% of the company’s stock.
PC Tel Company Profile
PCTEL, Inc, together with its subsidiaries, delivers performance critical telecom solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. The company designs and manufactures precision antennas, which are used primarily in small cells, enterprise Wi-Fi access points, fleet management and transit systems, and in equipment and devices for the Industrial Internet of Things.
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