CalAmp Corp (CAMP) Issues Q4 Earnings Guidance
CalAmp Corp (CAMP) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.14-0.18 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.18. The company issued revenue guidance of $44-48 million, compared to the consensus revenue estimate of $45.54 million.
CalAmp Corp (CAMP) traded up 1.30% on Thursday, hitting $8.58. CalAmp Corp (CAMP) has a 1-year low of $4.00 and a 1-year high of $9.72. The company has a market cap of $242.4 million and a price-to-earnings ratio of 22.17.
CalAmp Corp last released its earnings data on Thursday, December 20th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.05. The company had revenue of $44.30 million for the quarter, compared to the consensus estimate of $43.27 million. During the same quarter in 2011, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. Analysts expect that CalAmp Corp (CAMP) will post $0.97 EPS for the current fiscal year.
On a related note, analysts at Canaccord Genuity initiated coverage on shares of CalAmp Corp in a research note to investors on Tuesday, November 6th. They set a buy rating and a $13.00 price target on the stock.
CalAmp Corp. (CalAmp) develops and markets wireless communications solutions that deliver data, voice and video for critical networked communications and other applications.
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