Analysts predict that CalAmp Corp. (NASDAQ:CAMP) will report earnings of $0.28 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for CalAmp’s earnings. The highest EPS estimate is $0.29 and the lowest is $0.27. CalAmp reported earnings per share of $0.27 in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.7%. The company is expected to issue its next earnings report on Thursday, September 27th.

On average, analysts expect that CalAmp will report full-year earnings of $1.25 per share for the current financial year, with EPS estimates ranging from $1.21 to $1.28. For the next financial year, analysts anticipate that the firm will report earnings of $1.49 per share, with EPS estimates ranging from $1.38 to $1.57. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow CalAmp.

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

CAMP has been the topic of a number of recent analyst reports. Roth Capital set a $28.00 price target on CalAmp and gave the stock a “buy” rating in a report on Sunday, May 20th. ValuEngine lowered CalAmp from a “buy” rating to a “hold” rating in a report on Friday, June 1st. TheStreet upgraded CalAmp from a “c+” rating to a “b” rating in a report on Wednesday, June 27th. Zacks Investment Research lowered CalAmp from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Finally, B. Riley reiterated a “buy” rating on shares of CalAmp in a report on Thursday, June 28th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. CalAmp has a consensus rating of “Buy” and an average target price of $26.75.

CalAmp stock traded up $0.20 during mid-day trading on Monday, reaching $23.24. 178,600 shares of the company’s stock were exchanged, compared to its average volume of 321,794. The firm has a market capitalization of $812.88 million, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 1.98 and a beta of 1.86. CalAmp has a one year low of $18.87 and a one year high of $25.45. The company has a current ratio of 2.91, a quick ratio of 2.59 and a debt-to-equity ratio of 0.77.

In other CalAmp news, SVP Garo Sarkis Sarkissian sold 5,000 shares of the business’s stock in a transaction 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 sale, the senior vice president now directly owns 197,289 shares in the company, valued at $4,754,664.90. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 5.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of CAMP. BlackRock Inc. raised its stake in shares of CalAmp by 9.6% in the second quarter. BlackRock Inc. now owns 5,202,556 shares of the Wireless communications provider’s stock valued at $121,895,000 after buying an additional 456,236 shares during the period. Summit Trail Advisors LLC raised its stake in shares of CalAmp by 1,685.2% in the first quarter. Summit Trail Advisors LLC now owns 437,742 shares of the Wireless communications provider’s stock valued at $438,000 after buying an additional 413,221 shares during the period. Voya Investment Management LLC raised its stake in shares of CalAmp by 50.9% in the second quarter. Voya Investment Management LLC now owns 1,070,035 shares of the Wireless communications provider’s stock valued at $25,071,000 after buying an additional 361,001 shares during the period. Renaissance Technologies LLC raised its stake in shares of CalAmp by 167.0% in the second quarter. Renaissance Technologies LLC now owns 433,300 shares of the Wireless communications provider’s stock valued at $10,152,000 after buying an additional 271,000 shares during the period. Finally, Prescott Group Capital Management L.L.C. raised its stake in shares of CalAmp by 61.5% in the second quarter. Prescott Group Capital Management L.L.C. now owns 464,889 shares of the Wireless communications provider’s stock valued at $10,892,000 after buying an additional 177,000 shares during the period. Hedge funds and other institutional investors own 77.23% of the company’s stock.

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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