Q2 2017 Earnings Forecast for ClearOne Incoprorated (CLRO) Issued By B. Riley
ClearOne Incoprorated (NASDAQ:CLRO) – B. Riley issued their Q2 2017 EPS estimates for ClearOne Incoprorated in a research note issued to investors on Thursday. B. Riley analyst K. Anderson expects that the communications equipment provider will post earnings of $0.05 per share for the quarter. B. Riley has a “Buy” rating and a $12.50 price objective on the stock. B. Riley also issued estimates for ClearOne Incoprorated’s Q3 2017 earnings at $0.10 EPS, Q4 2017 earnings at $0.15 EPS, FY2017 earnings at $0.32 EPS, Q1 2018 earnings at $0.08 EPS, Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.17 EPS, Q4 2018 earnings at $0.23 EPS and FY2018 earnings at $0.60 EPS.
A number of other research firms also recently weighed in on CLRO. TheStreet downgraded ClearOne Incoprorated from a “b” rating to a “c+” rating in a research report on Wednesday, March 15th. Zacks Investment Research downgraded ClearOne Incoprorated from a “hold” rating to a “sell” rating in a research report on Tuesday.
ClearOne Incoprorated (NASDAQ:CLRO) opened at 10.00 on Monday. ClearOne Incoprorated has a 1-year low of $9.10 and a 1-year high of $12.60. The firm has a market capitalization of $87.46 million, a price-to-earnings ratio of 38.46 and a beta of 1.20. The firm’s 50-day moving average price is $10.14 and its 200 day moving average price is $11.04.
ClearOne Incoprorated (NASDAQ:CLRO) last released its quarterly earnings data on Tuesday, May 9th. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.12. ClearOne Incoprorated had a return on equity of 8.54% and a net margin of 9.78%. The company had revenue of $11.68 million for the quarter, compared to analyst estimates of $12.97 million.
Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of ClearOne Incoprorated by 8.0% in the first quarter. Dimensional Fund Advisors LP now owns 11,610 shares of the communications equipment provider’s stock valued at $115,000 after buying an additional 858 shares in the last quarter. Hancock Holding Co. acquired a new stake in shares of ClearOne Incoprorated during the first quarter valued at $166,000. Geode Capital Management LLC increased its stake in shares of ClearOne Incoprorated by 1.0% in the first quarter. Geode Capital Management LLC now owns 21,525 shares of the communications equipment provider’s stock valued at $213,000 after buying an additional 204 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of ClearOne Incoprorated by 7.2% in the fourth quarter. Renaissance Technologies LLC now owns 167,800 shares of the communications equipment provider’s stock valued at $1,913,000 after buying an additional 11,300 shares in the last quarter. Finally, FMR LLC increased its stake in shares of ClearOne Incoprorated by 5.6% in the fourth quarter. FMR LLC now owns 266,000 shares of the communications equipment provider’s stock valued at $3,032,000 after buying an additional 14,000 shares in the last quarter. Institutional investors and hedge funds own 19.32% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Wednesday, May 17th will be given a dividend of $0.07 per share. This is an increase from ClearOne Incoprorated’s previous quarterly dividend of $0.05. This represents a $0.28 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Monday, May 15th. ClearOne Incoprorated’s dividend payout ratio is currently 37.74%.
ClearOne Incoprorated Company Profile
ClearOne, Inc (ClearOne) is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The Company designs, develops, markets and services a line of conferencing products for personal use, as well as traditional tabletop, mid-tier professional products for large, medium and small businesses.
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