Adeia (ADEA) Set to Announce Quarterly Earnings on Monday

Adeia (NASDAQ:ADEA) is set to post its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect Adeia to post earnings of $0.19 per share for the quarter. Adeia has set its FY 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Adeia (NASDAQ:ADEA) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. Adeia had a net margin of 17.33% and a return on equity of 42.74%. The business had revenue of $86.87 million during the quarter, compared to the consensus estimate of $89.23 million.

Adeia Stock Performance

Shares of Adeia stock opened at $9.93 on Friday. The company’s 50 day moving average price is $10.67 and its two-hundred day moving average price is $10.75. The firm has a market capitalization of $1.08 billion, a P/E ratio of 16.83 and a beta of 1.43. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.02 and a quick ratio of 2.02. Adeia has a fifty-two week low of $7.12 and a fifty-two week high of $13.39.

Adeia Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Tuesday, March 12th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Monday, March 11th. Adeia’s dividend payout ratio (DPR) is 33.90%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Rosenblatt Securities started coverage on Adeia in a report on Friday, February 23rd. They issued a “buy” rating and a $15.00 target price for the company. BWS Financial reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Adeia in a research note on Friday, April 19th.

Adeia Company Profile

Adeia Inc, together with its subsidiaries, operates as a media and semiconductor intellectual property licensing company in the United States, Canada, Asia, Europe, the Middle East, and internationally. The company licenses its patent portfolios across various markets, including multichannel video programming distributors comprising cable, satellite, and telecommunications television providers that aggregate and distribute linear content over networks, as well as television providers that aggregate and stream linear content over broadband networks; over-the-top video service providers and social media companies, such as subscription video-on-demand and advertising-supported streaming service providers, as well as content providers, networks, and media companies.