Q1 2018 EPS Estimates for CalAmp Corp. (CAMP) Cut by First Analysis
CalAmp Corp. (NASDAQ:CAMP) – Analysts at First Analysis lowered their Q1 2018 earnings per share estimates for CalAmp Corp. in a research report issued to clients and investors on Wednesday. First Analysis analyst H. Smith now expects that the Wireless communications provider will earn $0.28 per share for the quarter, down from their prior estimate of $0.30. First Analysis also issued estimates for CalAmp Corp.’s Q2 2018 earnings at $0.29 EPS and FY2018 earnings at $1.18 EPS.
A number of other equities analysts have also commented on the company. Canaccord Genuity reaffirmed a “buy” rating and issued a $23.00 price objective on shares of CalAmp Corp. in a research note on Monday, March 6th. Sidoti lowered CalAmp Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, March 22nd. Zacks Investment Research raised CalAmp Corp. from a “sell” rating to a “hold” rating in a research note on Friday, February 17th. William Blair reiterated a “market perform” rating on shares of CalAmp Corp. in a report on Monday, December 26th. Finally, B. Riley reiterated a “buy” rating and issued a $22.00 target price on shares of CalAmp Corp. in a report on Monday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. CalAmp Corp. has a consensus rating of “Hold” and a consensus price target of $19.29.
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Shares of CalAmp Corp. (NASDAQ:CAMP) traded down 1.67% on Thursday, reaching $17.70. 200,037 shares of the company traded hands. CalAmp Corp. has a one year low of $12.13 and a one year high of $18.35. The firm’s 50 day moving average is $16.60 and its 200 day moving average is $15.16. The company has a market capitalization of $626.79 million, a P/E ratio of 354.00 and a beta of 1.36.
CalAmp Corp. (NASDAQ:CAMP) last issued its quarterly earnings results on Tuesday, April 18th. The Wireless communications provider reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The business had revenue of $86.10 million for the quarter, compared to the consensus estimate of $86.01 million. CalAmp Corp. had a net margin of 0.55% and a return on equity of 19.30%. The firm’s quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 EPS.
In other news, SVP Garo Sarkis Sarkissian sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 26th. The stock was sold at an average price of $15.19, for a total transaction of $151,900.00. Following the completion of the sale, the senior vice president now owns 205,680 shares in the company, valued at $3,124,279.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 5.00% of the company’s stock.
Several large investors have recently added to or reduced their stakes in CAMP. Rice Hall James & Associates LLC increased its stake in CalAmp Corp. by 32.3% in the first quarter. Rice Hall James & Associates LLC now owns 537,556 shares of the Wireless communications provider’s stock valued at $9,026,000 after buying an additional 131,252 shares in the last quarter. First National Bank of Omaha increased its stake in CalAmp Corp. by 30.9% in the first quarter. First National Bank of Omaha now owns 62,443 shares of the Wireless communications provider’s stock valued at $1,048,000 after buying an additional 14,754 shares in the last quarter. Teachers Advisors LLC increased its stake in CalAmp Corp. by 4.9% in the fourth quarter. Teachers Advisors LLC now owns 75,253 shares of the Wireless communications provider’s stock valued at $1,091,000 after buying an additional 3,535 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in CalAmp Corp. by 7.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 19,810 shares of the Wireless communications provider’s stock valued at $287,000 after buying an additional 1,420 shares in the last quarter. Finally, Menora Mivtachim Holdings LTD. purchased a new stake in CalAmp Corp. during the fourth quarter valued at approximately $174,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.
CalAmp Corp. Company Profile
CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.
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