CalAmp (NASDAQ:CAMP) Releases Quarterly Earnings Results, Misses Estimates By $0.18 EPS

CalAmp (NASDAQ:CAMP) released its quarterly earnings results on Thursday. The Wireless communications provider reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.18), Morningstar.com reports. CalAmp had a return on equity of 11.76% and a net margin of 0.33%. The business had revenue of $89.10 million during the quarter, compared to the consensus estimate of $86.91 million. During the same period in the previous year, the company posted $0.29 EPS. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. CalAmp updated its Q2 guidance to $0.08-0.14 EPS.

Shares of CalAmp stock opened at $11.68 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 4.44 and a current ratio of 4.83. The firm has a market capitalization of $392.52 million, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of 2.55 and a beta of 2.03. The company has a fifty day moving average price of $11.39. CalAmp has a fifty-two week low of $9.95 and a fifty-two week high of $24.52.

Several research firms have recently issued reports on CAMP. Craig Hallum reissued a “buy” rating and issued a $16.00 price target (down previously from $17.00) on shares of CalAmp in a research note on Wednesday, May 1st. Zacks Investment Research cut CalAmp from a “buy” rating to a “hold” rating in a research note on Monday, March 4th. ValuEngine raised CalAmp from a “sell” rating to a “hold” rating in a research note on Saturday, May 4th. BidaskClub raised CalAmp from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 25th. Finally, TheStreet raised CalAmp from a “d+” rating to a “c” rating in a research note on Friday, May 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. CalAmp presently has an average rating of “Hold” and an average target price of $19.38.



Institutional investors have recently made changes to their positions in the company. Royce & Associates LP acquired a new stake in shares of CalAmp in the first quarter valued at $26,000. Quantamental Technologies LLC acquired a new stake in shares of CalAmp in the first quarter valued at $70,000. Metropolitan Life Insurance Co. NY lifted its holdings in shares of CalAmp by 423.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 11,925 shares of the Wireless communications provider’s stock valued at $155,000 after buying an additional 9,648 shares during the period. Oregon Public Employees Retirement Fund acquired a new stake in shares of CalAmp in the fourth quarter valued at $172,000. Finally, Bbva Compass Bancshares Inc. lifted its holdings in shares of CalAmp by 9.3% in the first quarter. Bbva Compass Bancshares Inc. now owns 14,769 shares of the Wireless communications provider’s stock valued at $186,000 after buying an additional 1,260 shares during the period. Institutional investors and hedge funds own 79.59% of the company’s stock.

CalAmp Company Profile

CalAmp Corp. provides in telematics systems, and software and subscription services in the United States, Latin America, Western Europe, Asia Pacific, the Middle East, Africa, and internationally. The company offers 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 for CalAmp (NASDAQ:CAMP)

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