Quantum (NYSE:QTM) will be announcing its earnings results after the market closes on Thursday, February 8th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Quantum has set its Q3 guidance at $0.16-0.22 EPS and its Q4 guidance at $0.20-0.26 EPS.

Quantum (NYSE:QTM) last released its quarterly earnings results on Thursday, November 9th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.13). Quantum had a negative net margin of 1.77% and a negative return on equity of 7.26%. The business had revenue of $107.10 million during the quarter, compared to analysts’ expectations of $122.20 million. During the same quarter last year, the company earned $0.02 EPS. The firm’s revenue for the quarter was down 20.5% compared to the same quarter last year.

Shares of Quantum (NYSE:QTM) opened at $6.19 on Thursday. Quantum has a 12-month low of $4.11 and a 12-month high of $9.20. The company has a market cap of $218.10, a price-to-earnings ratio of -25.79, a P/E/G ratio of 3.93 and a beta of 2.17. The company has a debt-to-equity ratio of -0.57, a current ratio of 0.78 and a quick ratio of 0.56.

Separately, Zacks Investment Research downgraded shares of Quantum from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 7th.

A hedge fund recently raised its stake in Quantum stock. The Manufacturers Life Insurance Company raised its position in Quantum Corp (NYSE:QTM) by 1,582.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 24,348 shares of the technology company’s stock after buying an additional 22,901 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.07% of Quantum worth $190,000 as of its most recent filing with the SEC. 65.03% of the stock is currently owned by institutional investors and hedge funds.

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About Quantum

Quantum Corporation focuses on scale-out storage, archive and data protection, providing solutions for capturing, sharing, managing and preserving digital assets over the entire data lifecycle. The Company’s end-to-end tiered storage solutions enable users to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity.

Earnings History for Quantum (NYSE:QTM)

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