Headlines about CalAmp (NASDAQ:CAMP) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. CalAmp earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the Wireless communications provider an impact score of 47.307902289253 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
CAMP has been the topic of a number of recent research reports. TheStreet raised CalAmp from a “c+” rating to a “b” rating in a research report on Wednesday, June 27th. ValuEngine lowered CalAmp from a “buy” rating to a “hold” rating in a research report on Friday, June 1st. William Blair reissued a “market perform” rating on shares of CalAmp in a research report on Friday, April 27th. Craig Hallum restated a “hold” rating and issued a $23.00 price target (down from $24.00) on shares of CalAmp in a research note on Friday, April 27th. Finally, Zacks Investment Research downgraded CalAmp from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. CalAmp has a consensus rating of “Buy” and a consensus target price of $26.75.
CalAmp traded down $0.10, reaching $23.95, during mid-day trading on Monday, MarketBeat Ratings reports. The company had a trading volume of 7,041 shares, compared to its average volume of 331,886. The company has a quick ratio of 2.59, a current ratio of 2.91 and a debt-to-equity ratio of 0.77. The company has a market cap of $848.51 million, a price-to-earnings ratio of 25.99, a P/E/G ratio of 2.07 and a beta of 1.78. CalAmp has a 52 week low of $17.52 and a 52 week high of $25.45.
CalAmp (NASDAQ:CAMP) last posted its quarterly earnings results on Wednesday, June 27th. The Wireless communications provider reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.01. The firm had revenue of $94.90 million during the quarter, compared to the consensus estimate of $93.05 million. CalAmp had a return on equity of 17.26% and a net margin of 7.45%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $0.29 earnings per share. equities research analysts anticipate that CalAmp will post 0.97 EPS for the current fiscal year.
In other news, SVP Garo Sarkis Sarkissian sold 5,000 shares of CalAmp stock in a transaction that occurred on Tuesday, July 3rd. The stock was sold at an average price of $24.10, for a total transaction of $120,500.00. Following the completion of the transaction, the senior vice president now directly owns 197,289 shares in the company, valued at approximately $4,754,664.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael J. Burdiek sold 12,500 shares of CalAmp stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $21.35, for a total value of $266,875.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,000 shares of company stock valued at $632,125. Corporate insiders own 5.40% of the company’s stock.
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.
Featured Article: How Short Selling Works
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.