Brokerages expect that CalAmp Corp. (NASDAQ:CAMP) will report sales of $93.01 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for CalAmp’s earnings, with the lowest sales estimate coming in at $92.08 million and the highest estimate coming in at $93.63 million. CalAmp posted sales of $88.08 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5.6%. The company is scheduled to announce its next quarterly earnings results on Tuesday, June 26th.

According to Zacks, analysts expect that CalAmp will report full year sales of $390.54 million for the current year, with estimates ranging from $385.60 million to $394.76 million. For the next year, analysts anticipate that the firm will post sales of $422.09 million per share, with estimates ranging from $417.80 million to $428.54 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover CalAmp.

CalAmp (NASDAQ:CAMP) last issued its quarterly earnings data on Thursday, April 26th. The Wireless communications provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. CalAmp had a return on equity of 18.54% and a net margin of 4.54%. The business had revenue of $94.40 million for the quarter, compared to the consensus estimate of $93.57 million. During the same period in the prior year, the business posted $0.28 earnings per share. The company’s quarterly revenue was up 9.6% compared to the same quarter last year.

A number of equities research analysts have issued reports on CAMP shares. First Analysis upgraded CalAmp from an “equal weight” rating to an “overweight” rating and set a $29.00 price objective on the stock in a research report on Friday, February 16th. Zacks Investment Research upgraded CalAmp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 21st. Canaccord Genuity upped their price objective on CalAmp from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, March 5th. Craig Hallum downgraded CalAmp from a “buy” rating to a “hold” rating and set a $24.00 price objective on the stock. in a research report on Thursday, March 8th. Finally, BidaskClub upgraded CalAmp from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 17th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. CalAmp has a consensus rating of “Buy” and a consensus target price of $26.75.

In other news, CEO Michael J. Burdiek sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $22.53, for a total transaction of $281,625.00. Following the transaction, the chief executive officer now owns 495,934 shares of the company’s stock, valued at $11,173,393.02. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 37,500 shares of company stock worth $793,250. Insiders own 5.30% of the company’s stock.

Large investors have recently made changes to their positions in the stock. LS Investment Advisors LLC grew its stake in CalAmp by 380.1% in the fourth quarter. LS Investment Advisors LLC now owns 5,776 shares of the Wireless communications provider’s stock worth $124,000 after purchasing an additional 4,573 shares in the last quarter. Raymond James & Associates bought a new position in CalAmp in the fourth quarter worth approximately $214,000. Cubist Systematic Strategies LLC bought a new position in CalAmp in the first quarter worth approximately $236,000. Teacher Retirement System of Texas bought a new position in CalAmp in the fourth quarter worth approximately $259,000. Finally, Pitcairn Co. bought a new position in CalAmp in the first quarter worth approximately $280,000. 76.42% of the stock is currently owned by institutional investors.

CAMP stock traded up $0.17 during midday trading on Friday, reaching $22.39. 4,542 shares of the company traded hands, compared to its average volume of 211,146. CalAmp has a 52-week low of $17.52 and a 52-week high of $25.45. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.89 and a quick ratio of 2.51. The company has a market cap of $787.09 million, a PE ratio of 24.17, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72.

CalAmp Company Profile

CalAmp Corp. provides Internet of Things (IoT) enablement solutions for various mobile and fixed applications worldwide. The company provides solutions for mobile resource management and applications for the IoT market, which enable customers in the transportation, government, construction, automotive, and energy markets to optimize their operations by collecting, monitoring, and reporting business-critical data and desired intelligence from remote and mobile assets.

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Earnings History and Estimates for CalAmp (NASDAQ:CAMP)

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