PC-Tel (PCTI) Given Coverage Optimism Score of 0.15
Media headlines about PC-Tel (NASDAQ:PCTI) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PC-Tel earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the Wireless communications provider an impact score of 46.4603372556519 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of research firms have recently commented on PCTI. B. Riley restated a “buy” rating and issued a $9.00 price objective on shares of PC-Tel in a report on Monday, May 8th. Zacks Investment Research downgraded PC-Tel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 10th. Finally, Wunderlich downgraded PC-Tel from a “buy” rating to a “hold” rating and set a $8.00 price objective on the stock. in a report on Wednesday, May 10th.
PC-Tel (PCTI) traded up 2.69% during trading on Friday, hitting $6.48. The stock had a trading volume of 31,890 shares. PC-Tel has a 1-year low of $4.80 and a 1-year high of $8.48. The firm’s 50 day moving average is $6.86 and its 200 day moving average is $6.64. The firm’s market cap is $107.73 million.
PC-Tel (NASDAQ:PCTI) last announced its quarterly earnings data on Tuesday, August 8th. The Wireless communications provider reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The company had revenue of $21.50 million during the quarter, compared to analysts’ expectations of $24.09 million. PC-Tel had a positive return on equity of 1.60% and a negative net margin of 5.61%. PC-Tel’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 EPS. On average, analysts anticipate that PC-Tel will post $0.24 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 8th were issued a $0.055 dividend. This is a boost from PC-Tel’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, August 4th. This represents a $0.22 annualized dividend and a dividend yield of 3.40%. PC-Tel’s dividend payout ratio (DPR) is presently -64.70%.
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PC-Tel Company Profile
PCTEL, Inc (PCTEL) delivers telecom solutions. The Company operates in two segments: Connected Solutions and RF Solutions. The RF Solutions segment develops and provides test equipment, software and engineering services for wireless networks. The Connected Solutions segment designs and delivers antennas and site solutions for wireless networks globally.
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