CalAmp Corp. (NASDAQ:CAMP) – Equities researchers at B. Riley issued their Q1 2020 earnings estimates for CalAmp in a research report issued on Wednesday, May 1st. B. Riley analyst J. Nichols expects that the Wireless communications provider will post earnings per share of ($0.01) for the quarter. B. Riley also issued estimates for CalAmp’s Q2 2020 earnings at $0.06 EPS, Q3 2020 earnings at $0.16 EPS and FY2020 earnings at $0.48 EPS.
CalAmp (NASDAQ:CAMP) last announced its earnings results on Tuesday, April 30th. The Wireless communications provider reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.04. The firm had revenue of $84.40 million for the quarter, compared to the consensus estimate of $88.58 million. CalAmp had a return on equity of 14.66% and a net margin of 5.06%. The business’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS.
Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. downgraded CalAmp from an “overweight” rating to a “neutral” rating and set a $17.00 target price on the stock. in a report on Monday, March 25th. Zacks Investment Research downgraded CalAmp from a “hold” rating to a “sell” rating in a report on Monday. Craig Hallum reaffirmed a “buy” rating and set a $16.00 target price (down from $17.00) on shares of CalAmp in a report on Wednesday, May 1st. BidaskClub raised CalAmp from a “strong sell” rating to a “sell” rating in a report on Thursday, April 25th. Finally, ValuEngine downgraded CalAmp from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $21.33.
Shares of CAMP opened at $14.05 on Monday. The stock has a market cap of $479.63 million, a price-to-earnings ratio of 16.28, a P/E/G ratio of 2.43 and a beta of 1.86. CalAmp has a 12 month low of $10.91 and a 12 month high of $24.52. The company has a debt-to-equity ratio of 1.34, a quick ratio of 3.96 and a current ratio of 4.83.
Several hedge funds have recently bought and sold shares of the company. Bbva Compass Bancshares Inc. raised its position in shares of CalAmp by 9.3% in the 1st quarter. Bbva Compass Bancshares Inc. now owns 14,769 shares of the Wireless communications provider’s stock worth $186,000 after acquiring an additional 1,260 shares in the last quarter. AlphaOne Investment Services LLC raised its position in shares of CalAmp by 0.8% in the 4th quarter. AlphaOne Investment Services LLC now owns 270,915 shares of the Wireless communications provider’s stock worth $3,525,000 after acquiring an additional 2,248 shares in the last quarter. Arizona State Retirement System raised its position in shares of CalAmp by 4.6% in the 4th quarter. Arizona State Retirement System now owns 53,532 shares of the Wireless communications provider’s stock worth $696,000 after acquiring an additional 2,352 shares in the last quarter. Group One Trading L.P. bought a new position in shares of CalAmp in the 4th quarter worth about $34,000. Finally, Comerica Bank raised its position in shares of CalAmp by 10.3% in the 1st quarter. Comerica Bank now owns 37,881 shares of the Wireless communications provider’s stock worth $494,000 after acquiring an additional 3,545 shares in the last quarter. 78.87% of the stock is owned by hedge funds and other 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.