Brokerages predict that CalAmp Corp. (NASDAQ:CAMP) will post $96.92 million in sales for the current quarter, according to Zacks. Six analysts have provided estimates for CalAmp’s earnings, with the lowest sales estimate coming in at $96.47 million and the highest estimate coming in at $97.60 million. CalAmp posted sales of $93.67 million in the same quarter last year, which suggests a positive year-over-year growth rate of 3.5%. The firm is expected to report its next earnings results on Thursday, December 20th.
According to Zacks, analysts expect that CalAmp will report full year sales of $387.19 million for the current financial year, with estimates ranging from $384.61 million to $389.58 million. For the next year, analysts anticipate that the company will report sales of $414.50 million, with estimates ranging from $409.62 million to $424.54 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow CalAmp.
CalAmp (NASDAQ:CAMP) last announced its quarterly earnings data on Thursday, September 27th. The Wireless communications provider reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.03. CalAmp had a net margin of 3.88% and a return on equity of 16.87%. The firm had revenue of $96.00 million for the quarter, compared to the consensus estimate of $95.36 million. During the same period in the previous year, the firm posted $0.27 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis.
Shares of CAMP opened at $18.61 on Friday. CalAmp has a 52 week low of $18.24 and a 52 week high of $25.45. The company has a market cap of $646.21 million, a P/E ratio of 20.23, a P/E/G ratio of 1.72 and a beta of 1.70. The company has a current ratio of 4.39, a quick ratio of 4.07 and a debt-to-equity ratio of 1.28.
In other CalAmp news, CEO Michael J. Burdiek sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 2nd. The shares were sold at an average price of $21.69, for a total value of $130,140.00. Following the completion of the sale, the chief executive officer now directly owns 513,455 shares of the company’s stock, valued at $11,136,838.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Garo Sarkis Sarkissian sold 12,500 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $20.43, for a total transaction of $255,375.00. Following the completion of the sale, the senior vice president now directly owns 183,876 shares of the company’s stock, valued at $3,756,586.68. The disclosure for this sale can be found here. Insiders have sold 21,000 shares of company stock worth $436,140 over the last ninety days. 5.40% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of CAMP. BlackRock Inc. grew its position in CalAmp by 9.6% in the second quarter. BlackRock Inc. now owns 5,202,556 shares of the Wireless communications provider’s stock worth $121,895,000 after acquiring an additional 456,236 shares in the last quarter. Voya Investment Management LLC grew its position in 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 worth $25,071,000 after acquiring an additional 361,001 shares in the last quarter. Renaissance Technologies LLC grew its position in CalAmp by 65.6% in the third quarter. Renaissance Technologies LLC now owns 717,600 shares of the Wireless communications provider’s stock worth $17,194,000 after acquiring an additional 284,300 shares in the last quarter. Prescott Group Capital Management L.L.C. grew its position in 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 worth $10,892,000 after acquiring an additional 177,000 shares in the last quarter. Finally, Bank of Montreal Can grew its position in CalAmp by 186.6% in the second quarter. Bank of Montreal Can now owns 232,743 shares of the Wireless communications provider’s stock worth $5,452,000 after acquiring an additional 151,541 shares in the last quarter. 79.66% of the stock is owned by institutional investors.
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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