Analysts expect CalAmp Corp. (NASDAQ:CAMP) to announce sales of $95.29 million for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for CalAmp’s earnings. The lowest sales estimate is $94.76 million and the highest is $96.10 million. CalAmp reported sales of $89.77 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.1%. The firm is scheduled to issue its next earnings results on Thursday, September 27th.

According to Zacks, analysts expect that CalAmp will report full year sales of $390.29 million for the current fiscal year, with estimates ranging from $387.68 million to $394.68 million. For the next financial year, analysts forecast that the business will post sales of $420.12 million per share, with estimates ranging from $416.20 million to $430.02 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover CalAmp.

CalAmp (NASDAQ:CAMP) last posted its quarterly earnings results on Wednesday, June 27th. The Wireless communications provider reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. CalAmp had a return on equity of 17.26% and a net margin of 7.45%. The business had revenue of $94.90 million for the quarter, compared to the consensus estimate of $93.05 million. During the same period in the prior year, the business earned $0.29 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis.

CAMP has been the topic of a number of research reports. TheStreet raised CalAmp from a “c+” rating to a “b” rating in a research note on Wednesday, June 27th. ValuEngine downgraded CalAmp from a “buy” rating to a “hold” rating in a research note on Friday, June 1st. William Blair reaffirmed a “market perform” rating on shares of CalAmp in a research note on Friday, April 27th. Craig Hallum reaffirmed a “hold” rating and set a $23.00 price target (down from $24.00) on shares of CalAmp in a research note on Friday, April 27th. Finally, Zacks Investment Research downgraded CalAmp from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. CalAmp has a consensus rating of “Buy” and an average target price of $26.75.

CAMP stock opened at $23.42 on Friday. CalAmp has a fifty-two week low of $17.52 and a fifty-two week high of $25.45. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.59 and a current ratio of 2.91. The company has a market cap of $820.29 million, a P/E ratio of 25.46, a PEG ratio of 2.00 and a beta of 1.75.

In other news, CEO Michael J. Burdiek sold 12,500 shares of the stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $21.35, for a total value of $266,875.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Garo Sarkis Sarkissian sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 3rd. The stock was sold at an average price of $24.10, for a total value of $120,500.00. Following the completion of the sale, the senior vice president now directly owns 197,289 shares of the company’s stock, valued at $4,754,664.90. The disclosure for this sale can be found here. Corporate insiders own 5.40% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Summit Trail Advisors LLC raised its stake in shares of CalAmp by 10.5% in the first quarter. Summit Trail Advisors LLC now owns 27,084 shares of the Wireless communications provider’s stock worth $438,000 after purchasing an additional 2,563 shares during the last quarter. Rhumbline Advisers raised its stake in shares of CalAmp by 3.3% in the second quarter. Rhumbline Advisers now owns 83,721 shares of the Wireless communications provider’s stock worth $1,962,000 after purchasing an additional 2,698 shares during the last quarter. Legal & General Group Plc raised its stake in shares of CalAmp by 7.1% in the second quarter. Legal & General Group Plc now owns 70,938 shares of the Wireless communications provider’s stock worth $1,641,000 after purchasing an additional 4,676 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of CalAmp by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,652,677 shares of the Wireless communications provider’s stock worth $38,721,000 after purchasing an additional 4,952 shares during the last quarter. Finally, Laurion Capital Management LP raised its stake in shares of CalAmp by 35.8% in the second quarter. Laurion Capital Management LP now owns 19,830 shares of the Wireless communications provider’s stock worth $465,000 after purchasing an additional 5,230 shares during the last quarter. 74.23% of the stock is owned by hedge funds and other institutional investors.

CalAmp Company Profile

CalAmp Corp. provides in telematics systems, and software and subscription services worldwide. The company provides 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 and Estimates for CalAmp (NASDAQ:CAMP)

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