PC Tel (NASDAQ:PCTI) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

PC Tel (NASDAQ:PCTI) issued its quarterly earnings data on Thursday. The Wireless communications provider reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.06, Bloomberg Earnings reports. The company had revenue of $23.50 million for the quarter, compared to analyst estimates of $22.40 million. PC Tel had a negative net margin of 12.16% and a negative return on equity of 0.48%.

NASDAQ:PCTI traded up $1.14 during mid-day trading on Friday, reaching $5.67. 305,742 shares of the company’s stock were exchanged, compared to its average volume of 37,879. PC Tel has a one year low of $3.88 and a one year high of $6.00. The stock has a market capitalization of $83.43 million, a price-to-earnings ratio of -24.65 and a beta of 0.03. The business’s fifty day moving average is $4.77.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 8th will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend is Wednesday, August 7th. PC Tel’s dividend payout ratio is -95.65%.

Several equities analysts have recently weighed in on PCTI shares. Lake Street Capital raised shares of PC Tel from a “hold” rating to a “buy” rating and increased their price objective for the company from $5.00 to $6.00 in a research report on Friday. B. Riley raised shares of PC Tel from a “neutral” rating to a “buy” rating and raised their price target for the stock from $5.00 to $6.50 in a research report on Friday. ValuEngine raised shares of PC Tel from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Zacks Investment Research raised shares of PC Tel from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research report on Saturday.

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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Earnings History for PC Tel (NASDAQ:PCTI)

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