magicJack VocalTec Ltd. (CALL) Forecasted to Post FY2016 Earnings of $0.75 Per Share
magicJack VocalTec Ltd. (NASDAQ:CALL) – Oppenheimer Holdings lifted their FY2016 earnings estimates for magicJack VocalTec in a research report issued to clients and investors on Wednesday. Oppenheimer Holdings analyst T. Horan now expects that the firm will earn $0.75 per share for the year, up from their previous forecast of $0.64. Oppenheimer Holdings also issued estimates for magicJack VocalTec’s Q4 2016 earnings at $0.15 EPS.
magicJack VocalTec (NASDAQ:CALL) last released its quarterly earnings results on Wednesday, November 9th. The company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.15. The firm earned $24.57 million during the quarter, compared to analyst estimates of $26.10 million. magicJack VocalTec had a return on equity of 30.32% and a net margin of 9.05%. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 EPS.
Separately, Zacks Investment Research upgraded magicJack VocalTec from a “sell” rating to a “hold” rating in a research report on Thursday, August 25th.
magicJack VocalTec (NASDAQ:CALL) opened at 6.35 on Monday. The stock has a 50 day moving average price of $6.12 and a 200 day moving average price of $6.12. The company has a market capitalization of $100.68 million, a price-to-earnings ratio of 11.65 and a beta of 1.57. magicJack VocalTec has a 52-week low of $5.27 and a 52-week high of $10.68.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Uniplan Investment Counsel Inc. acquired a new position in shares of magicJack VocalTec during the third quarter valued at $1,419,000. Ameriprise Financial Inc. raised its position in shares of magicJack VocalTec by 8.3% in the third quarter. Ameriprise Financial Inc. now owns 511,004 shares of the company’s stock valued at $3,112,000 after buying an additional 38,994 shares during the last quarter. LSV Asset Management raised its position in shares of magicJack VocalTec by 0.3% in the third quarter. LSV Asset Management now owns 562,200 shares of the company’s stock valued at $3,423,000 after buying an additional 1,900 shares during the last quarter. A.R.T. Advisors LLC raised its position in shares of magicJack VocalTec by 18.0% in the second quarter. A.R.T. Advisors LLC now owns 22,286 shares of the company’s stock valued at $140,000 after buying an additional 3,400 shares during the last quarter. Finally, Eagle Global Advisors LLC raised its position in shares of magicJack VocalTec by 44.0% in the second quarter. Eagle Global Advisors LLC now owns 96,611 shares of the company’s stock valued at $608,000 after buying an additional 29,540 shares during the last quarter. Institutional investors own 55.35% of the company’s stock.
magicJack VocalTec Company Profile
magicJack VocalTec Ltd. and its subsidiaries is a cloud communications company. The Company provides magicJack devices and other magicJack products and services. The Company also provides additional products and services, which include voice applications on smart phones, as well as the magicJack PLUS, magicJack GO and magicJack EXPRESS, which are updated versions of the magicJack device that have their own central processing unit (CPU) and can connect a regular phone directly to the users broadband modem/router and function as a standalone phone without using a computer.
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