CalAmp (NASDAQ:CAMP) announced its quarterly earnings results on Thursday. The Wireless communications provider reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.07, MarketWatch Earnings reports. CalAmp had a positive return on equity of 2.90% and a negative net margin of 21.66%. The company had revenue of $80.22 million during the quarter, compared to the consensus estimate of $75.29 million. During the same period in the previous year, the business earned $0.12 EPS. CalAmp’s revenue for the quarter was down 9.9% on a year-over-year basis.
Shares of CAMP stock opened at $7.69 on Friday. The stock has a market capitalization of $259.09 million, a PE ratio of -3.27 and a beta of 2.42. CalAmp has a 52-week low of $3.70 and a 52-week high of $12.32. The stock’s 50-day moving average price is $7.40 and its 200 day moving average price is $7.99. The company has a quick ratio of 1.66, a current ratio of 1.96 and a debt-to-equity ratio of 1.46.
In other CalAmp news, Director Amal M. Johnson bought 30,000 shares of the company’s stock in a transaction on Monday, May 18th. The shares were bought at an average price of $6.29 per share, for a total transaction of $188,700.00. Also, CEO Jeffery R. Gardner bought 5,000 shares of the company’s stock in a transaction on Friday, May 8th. The shares were acquired at an average price of $6.86 per share, for a total transaction of $34,300.00. Insiders own 3.40% 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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