SeaChange International (SEAC) Scheduled to Post Quarterly Earnings on Monday
SeaChange International (NASDAQ:SEAC) will be issuing its quarterly earnings data after the market closes on Monday, December 4th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter. SeaChange International has set its Q3 guidance at $0.00-0.03 EPS and its FY18 guidance at ($0.03)-0.02 EPS.
SeaChange International (NASDAQ:SEAC) last released its quarterly earnings data on Wednesday, September 6th. The software maker reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.03. The business had revenue of $17.20 million during the quarter, compared to analyst estimates of $17.94 million. SeaChange International had a negative return on equity of 15.80% and a negative net margin of 54.54%. The company’s revenue was down 7.0% compared to the same quarter last year. During the same period last year, the company posted ($0.21) EPS.
Shares of SeaChange International (NASDAQ SEAC) opened at $2.71 on Friday. SeaChange International has a one year low of $2.16 and a one year high of $2.99.
A hedge fund recently raised its stake in SeaChange International stock. Northern Trust Corp grew its holdings in SeaChange International (NASDAQ:SEAC) by 5.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,357 shares of the software maker’s stock after purchasing an additional 4,702 shares during the period. Northern Trust Corp owned approximately 0.25% of SeaChange International worth $232,000 as of its most recent SEC filing. Institutional investors own 73.43% of the company’s stock.
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About SeaChange International
SeaChange International, Inc (SeaChange) is engaged in the delivery of multiscreen video. The Company’s products and services facilitate the aggregation, licensing, management and distribution of video and advertising content for cable television system operators, telecommunications companies, satellite operators and media companies.
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