Zacks: Brokerages Anticipate ParkerVision, Inc. (PRKR) Will Announce Earnings of -$0.20 Per Share
Analysts expect ParkerVision, Inc. (NASDAQ:PRKR) to post ($0.20) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for ParkerVision’s earnings. ParkerVision posted earnings of ($0.01) per share during the same quarter last year, which suggests a negative year over year growth rate of 1,900%. The business is scheduled to report its next earnings results after the market closes on Tuesday, November 14th.
According to Zacks, analysts expect that ParkerVision will report full year earnings of ($0.85) per share for the current year. For the next financial year, analysts anticipate that the business will report earnings of $0.80 per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow ParkerVision.
ParkerVision (NASDAQ:PRKR) last issued its earnings results on Thursday, August 17th. The semiconductor company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.03. During the same period last year, the business earned ($0.72) EPS.
Separately, Zacks Investment Research lowered ParkerVision from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th.
Institutional investors have recently made changes to their positions in the stock. Ingalls & Snyder LLC raised its holdings in shares of ParkerVision by 14.0% in the second quarter. Ingalls & Snyder LLC now owns 114,200 shares of the semiconductor company’s stock worth $204,000 after buying an additional 14,000 shares during the period. Vanguard Group Inc. increased its holdings in ParkerVision by 23.0% during the 2nd quarter. Vanguard Group Inc. now owns 574,253 shares of the semiconductor company’s stock worth $1,028,000 after purchasing an additional 107,500 shares during the period. Finally, ING Groep NV boosted its position in ParkerVision by 154.2% during the 3rd quarter. ING Groep NV now owns 64,300 shares of the semiconductor company’s stock valued at $102,000 after acquiring an additional 39,000 shares in the last quarter. 12.17% of the stock is owned by institutional investors.
Shares of ParkerVision (NASDAQ:PRKR) traded down $0.01 during midday trading on Thursday, hitting $1.34. The company had a trading volume of 104,000 shares, compared to its average volume of 313,049. The company has a debt-to-equity ratio of -2.62, a quick ratio of 2.13 and a current ratio of 2.27. ParkerVision has a 52 week low of $1.34 and a 52 week high of $3.80.
ParkerVision, Inc is engaged in the designing, developing and marketing of its radio frequency (RF) technologies and products. The Company’s business is focused on the development and marketing of its RF technologies for mobile and other wireless applications. Its products include a modulator/demodulator component that incorporates its technologies, as well as a small number of supporting components that are used in the assembly of wireless devices.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ParkerVision Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ParkerVision Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.