FY2016 EPS Estimates for Numerex Corp. (NMRX) Decreased by B. Riley
Numerex Corp. (NASDAQ:NMRX) – Equities research analysts at B. Riley cut their FY2016 earnings per share (EPS) estimates for Numerex Corp. in a research report issued to clients and investors on Tuesday. B. Riley analyst J. Nichols now forecasts that the brokerage will post earnings per share of ($0.46) for the year, down from their previous estimate of ($0.38). B. Riley has a “Buy” rating and a $9.50 price objective on the stock. B. Riley also issued estimates for Numerex Corp.’s Q4 2016 earnings at ($0.06) EPS, Q1 2017 earnings at ($0.06) EPS and FY2017 earnings at ($0.05) EPS.
Numerex Corp. (NASDAQ:NMRX) last posted its earnings results on Monday, November 7th. The company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.04. Numerex Corp. had a negative return on equity of 12.94% and a negative net margin of 21.69%.
Numerex Corp. (NASDAQ:NMRX) opened at 7.72 on Thursday. The firm’s 50-day moving average is $7.55 and its 200 day moving average is $7.56. The firm’s market capitalization is $151.18 billion. Numerex Corp. has a 52-week low of $5.17 and a 52-week high of $8.37.
A number of large investors have recently modified their holdings of the company. BlackRock Fund Advisors boosted its stake in shares of Numerex Corp. by 899.6% in the second quarter. BlackRock Fund Advisors now owns 359,269 shares of the company’s stock worth $2,691,000 after buying an additional 323,327 shares during the last quarter. Punch & Associates Investment Management Inc. bought a new position in shares of Numerex Corp. during the second quarter worth approximately $1,272,000. State Street Corp bought a new position in shares of Numerex Corp. during the second quarter worth approximately $830,000. BlackRock Institutional Trust Company N.A. raised its position in shares of Numerex Corp. by 27.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 410,555 shares of the company’s stock worth $3,075,000 after buying an additional 87,296 shares during the period. Finally, Merriman Wealth Management LLC bought a new position in shares of Numerex Corp. during the second quarter worth approximately $417,000. 17.01% of the stock is currently owned by hedge funds and other institutional investors.
Numerex Corp. Company Profile
Numerex Corp. is a holding company. The Company, through its subsidiaries, provides managed enterprise solutions, which enable the Internet of Things (IoT). The Company offers solutions to incorporate the IoT building blocks, such as device, network, application and platform. Its technology encompasses a range of the IoT ecosystem and delivers solutions for enterprise users.
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