News headlines about CalAmp (NASDAQ:CAMP) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CalAmp earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the Wireless communications provider an impact score of 45.3090484732551 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
Shares of CalAmp opened at $21.16 on Tuesday, according to Marketbeat.com. The firm has a market cap of $756.33 million, a PE ratio of 23.00, a price-to-earnings-growth ratio of 1.37 and a beta of 1.75. CalAmp has a one year low of $17.52 and a one year high of $25.45. The company has a current ratio of 2.89, a quick ratio of 2.51 and a debt-to-equity ratio of 0.78.
CalAmp (NASDAQ:CAMP) last released its quarterly earnings results on Thursday, April 26th. The Wireless communications provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. The firm had revenue of $94.40 million for the quarter, compared to analysts’ expectations of $93.57 million. CalAmp had a net margin of 4.54% and a return on equity of 18.54%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 earnings per share. sell-side analysts anticipate that CalAmp will post 1.03 EPS for the current year.
A number of research analysts have recently commented on the company. ValuEngine raised CalAmp from a “hold” rating to a “buy” rating in a report on Tuesday, May 8th. Roth Capital set a $28.00 price target on CalAmp and gave the company a “buy” rating in a report on Sunday. Zacks Investment Research lowered CalAmp from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Craig Hallum reissued a “hold” rating and set a $23.00 price target (down from $24.00) on shares of CalAmp in a report on Friday, April 27th. Finally, William Blair reissued a “market perform” rating on shares of CalAmp in a report on Friday, April 27th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $26.75.
In other news, CEO Michael J. Burdiek sold 12,500 shares of the company’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $19.58, for a total value of $244,750.00. Following the transaction, the chief executive officer now owns 495,934 shares of the company’s stock, valued at $9,710,387.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 37,500 shares of company stock worth $817,500. Insiders own 5.30% of the company’s stock.
CalAmp Corp. provides Internet of Things (IoT) enablement solutions for various mobile and fixed applications worldwide. The company provides solutions for mobile resource management and applications for the IoT market, which enable customers in the transportation, government, construction, automotive, and energy markets to optimize their operations by collecting, monitoring, and reporting business-critical data and desired intelligence from remote and mobile assets.
Receive News & Ratings for CalAmp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CalAmp and related companies with MarketBeat.com's FREE daily email newsletter.