Spok (SPOK) Scheduled to Post Quarterly Earnings on Wednesday

Spok (NASDAQ:SPOK) is set to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Spok has set its FY 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

Spok (NASDAQ:SPOK) last issued its quarterly earnings data on Wednesday, February 21st. The Wireless communications provider reported $0.17 earnings per share for the quarter. Spok had a return on equity of 9.43% and a net margin of 11.27%. The business had revenue of $33.95 million for the quarter.

Spok Stock Down 2.0 %

NASDAQ:SPOK traded down $0.32 during trading hours on Tuesday, hitting $15.48. 41,265 shares of the company traded hands, compared to its average volume of 144,327. The firm’s 50-day simple moving average is $16.29 and its 200-day simple moving average is $15.93. Spok has a one year low of $10.46 and a one year high of $18.14. The company has a market cap of $311.77 million, a PE ratio of 20.52 and a beta of 0.26.

Spok Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.313 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 8.09%. This is a boost from Spok’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, March 14th. Spok’s payout ratio is presently 162.34%.

Insider Buying and Selling

In other Spok news, Director Todd J. Stein sold 25,927 shares of Spok stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $17.92, for a total transaction of $464,611.84. Following the completion of the transaction, the director now owns 696,637 shares of the company’s stock, valued at approximately $12,483,735.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 11.88% of the stock is currently owned by insiders.

Spok Company Profile

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company's products and services enhance workflows for clinicians and support administrative compliance. It delivers clinical information to care teams when and where it matters to enhance patient outcomes; and provides GenA Pager, a one-way alphanumeric pager.