Somewhat Favorable News Coverage Somewhat Unlikely to Affect PC-Tel (PCTI) Share Price
Press coverage about PC-Tel (NASDAQ:PCTI) has trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. PC-Tel earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the Wireless communications provider an impact score of 47.4201587057654 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of PC-Tel (NASDAQ:PCTI) opened at $7.25 on Tuesday. The company has a market cap of $126.40, a price-to-earnings ratio of 64.82 and a beta of 0.62. PC-Tel has a one year low of $4.86 and a one year high of $8.48.
PC-Tel (NASDAQ:PCTI) last announced its quarterly earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.02. The business had revenue of $23.70 million during the quarter, compared to analyst estimates of $23.11 million. PC-Tel had a negative net margin of 4.86% and a positive return on equity of 2.14%. PC-Tel’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 EPS. equities analysts forecast that PC-Tel will post 0.08 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $0.22 dividend on an annualized basis and a yield of 3.03%. PC-Tel’s dividend payout ratio (DPR) is presently -75.86%.
Separately, B. Riley reiterated a “buy” rating and issued a $8.50 price objective on shares of PC-Tel in a research note on Thursday, November 9th.
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PC-Tel Company Profile
PCTEL, Inc (PCTEL) delivers telecom solutions. The Company operates in two segments: Connected Solutions and RF Solutions. The RF Solutions segment develops and provides test equipment, software and engineering services for wireless networks. The Connected Solutions segment designs and delivers antennas and site solutions for wireless networks globally.
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