Brokerages expect ORBCOMM Inc (NASDAQ:ORBC) to report earnings per share (EPS) of ($0.05) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for ORBCOMM’s earnings. The lowest EPS estimate is ($0.06) and the highest is ($0.02). ORBCOMM reported earnings per share of ($0.07) in the same quarter last year, which indicates a positive year-over-year growth rate of 28.6%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 26th.

On average, analysts expect that ORBCOMM will report full-year earnings of ($0.25) per share for the current financial year, with EPS estimates ranging from ($0.26) to ($0.21). For the next fiscal year, analysts expect that the company will report earnings of ($0.13) per share, with EPS estimates ranging from ($0.19) to ($0.09). Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for ORBCOMM.

ORBCOMM (NASDAQ:ORBC) last announced its quarterly earnings data on Wednesday, October 30th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.05). ORBCOMM had a negative net margin of 8.03% and a negative return on equity of 8.61%. The company had revenue of $69.19 million during the quarter, compared to analysts’ expectations of $71.43 million. During the same quarter in the prior year, the company posted ($0.04) EPS. The business’s revenue was down 2.6% on a year-over-year basis.

ORBC has been the subject of a number of recent research reports. BidaskClub upgraded shares of ORBCOMM from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Zacks Investment Research lowered shares of ORBCOMM from a “hold” rating to a “sell” rating in a report on Tuesday, October 1st. Finally, Craig Hallum raised shares of ORBCOMM from a “hold” rating to a “buy” rating and set a $7.50 target price on the stock in a report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $8.75.

In other news, major shareholder Adage Capital Partners Gp, L.L sold 112,901 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $4.04, for a total value of $456,120.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Constantine Milcos bought 15,000 shares of the stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average cost of $5.25 per share, for a total transaction of $78,750.00. Following the acquisition, the chief financial officer now owns 48,367 shares in the company, valued at approximately $253,926.75. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 53,000 shares of company stock worth $246,110. 7.30% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of ORBC. Vanguard Group Inc. grew its holdings in ORBCOMM by 34.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,321,847 shares of the technology company’s stock worth $38,583,000 after acquiring an additional 1,360,466 shares during the last quarter. Bank of America Corp DE grew its holdings in ORBCOMM by 551.5% during the 2nd quarter. Bank of America Corp DE now owns 846,011 shares of the technology company’s stock worth $6,133,000 after acquiring an additional 716,163 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in ORBCOMM during the 2nd quarter worth about $4,498,000. Morgan Stanley grew its holdings in ORBCOMM by 915.8% during the 2nd quarter. Morgan Stanley now owns 643,090 shares of the technology company’s stock worth $4,663,000 after acquiring an additional 579,784 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in ORBCOMM by 79.4% during the 3rd quarter. Millennium Management LLC now owns 781,229 shares of the technology company’s stock worth $3,718,000 after acquiring an additional 345,681 shares during the last quarter. 80.37% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ORBC stock traded down $0.06 during mid-day trading on Tuesday, reaching $3.92. The company’s stock had a trading volume of 474,433 shares, compared to its average volume of 770,625. ORBCOMM has a 1-year low of $3.58 and a 1-year high of $9.79. The company has a market cap of $306.88 million, a P/E ratio of -11.88 and a beta of 1.00. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.14 and a current ratio of 2.77. The firm’s 50-day moving average is $4.23 and its two-hundred day moving average is $5.60.

About ORBCOMM

ORBCOMM Inc provides Internet of Things solutions in the United States, South America, Japan, Europe, and internationally. The company offers network connectivity, devices, device management, and Web reporting applications that are designed to track, monitor, control, and enhance security for various assets, such as trailers, trucks, rail cars, sea containers, power generators, fluid tanks, marine vessels, diesel or electric powered generators, oil and gas wells, pipeline monitoring equipment, irrigation control systems, and utility meters in transportation and supply chain, heavy equipment, fixed asset monitoring, and maritime industries, as well as for governments.

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Earnings History and Estimates for ORBCOMM (NASDAQ:ORBC)

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