Equities analysts predict that CalAmp Corp. (NASDAQ:CAMP) will report $88.41 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for CalAmp Corp.’s earnings. The highest sales estimate is $88.60 million and the lowest is $88.02 million. CalAmp Corp. posted sales of $90.48 million during the same quarter last year, which suggests a negative year-over-year growth rate of 2.3%. The business is expected to announce its next quarterly earnings report on Thursday, October 5th.

On average, analysts expect that CalAmp Corp. will report full year sales of $88.41 million for the current fiscal year, with estimates ranging from $359.38 million to $361.27 million. For the next year, analysts expect that the company will post sales of $384.40 million per share, with estimates ranging from $379.65 million to $390.34 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover CalAmp Corp..

CalAmp Corp. (NASDAQ:CAMP) last announced its quarterly earnings data on Tuesday, June 27th. The Wireless communications provider reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.02. CalAmp Corp. had a positive return on equity of 18.84% and a negative net margin of 2.05%. The business had revenue of $88.10 million for the quarter, compared to analysts’ expectations of $86.85 million. During the same period in the previous year, the business posted $0.30 EPS. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year.

CAMP has been the topic of several recent research reports. Zacks Investment Research raised CalAmp Corp. from a “sell” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Friday, April 21st. Benchmark Co. initiated coverage on CalAmp Corp. in a research note on Tuesday, April 25th. They issued a “buy” rating and a $23.00 price objective on the stock. Northland Securities reaffirmed a “buy” rating and issued a $20.00 price objective on shares of CalAmp Corp. in a research note on Monday, June 26th. Craig Hallum raised their price objective on CalAmp Corp. from $19.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, June 28th. Finally, B. Riley reaffirmed a “buy” rating and issued a $22.00 price objective on shares of CalAmp Corp. in a research note on Monday, April 17th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. CalAmp Corp. presently has an average rating of “Buy” and a consensus target price of $20.88.

Shares of CalAmp Corp. (NASDAQ CAMP) opened at 19.26 on Friday. The company’s market capitalization is $681.73 million. CalAmp Corp. has a 52 week low of $12.13 and a 52 week high of $20.89. The company has a 50-day moving average price of $19.56 and a 200-day moving average price of $17.34.

In other news, CEO Michael J. Burdiek sold 10,000 shares of CalAmp Corp. stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $20.00, for a total value of $200,000.00. Following the completion of the transaction, the chief executive officer now owns 479,093 shares in the company, valued at approximately $9,581,860. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Garo Sarkis Sarkissian sold 15,000 shares of CalAmp Corp. stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $18.83, for a total value of $282,450.00. Following the completion of the transaction, the senior vice president now owns 200,680 shares of the company’s stock, valued at approximately $3,778,804.40. The disclosure for this sale can be found here. Company insiders own 5.30% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Comerica Bank boosted its position in shares of CalAmp Corp. by 5.7% in the fourth quarter. Comerica Bank now owns 38,607 shares of the Wireless communications provider’s stock worth $579,000 after buying an additional 2,080 shares during the period. State Street Corp boosted its position in CalAmp Corp. by 10.1% in the fourth quarter. State Street Corp now owns 815,754 shares of the Wireless communications provider’s stock worth $11,830,000 after buying an additional 75,118 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in CalAmp Corp. by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,497,513 shares of the Wireless communications provider’s stock worth $21,714,000 after buying an additional 111,643 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in CalAmp Corp. by 10.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 14,936 shares of the Wireless communications provider’s stock worth $217,000 after buying an additional 1,359 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its position in CalAmp Corp. by 4.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 27,306 shares of the Wireless communications provider’s stock worth $396,000 after buying an additional 1,039 shares during the last quarter. Hedge funds and other institutional investors own 73.90% of the company’s stock.

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CalAmp Corp. Company Profile

CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.

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Earnings History and Estimates for CalAmp Corp. (NASDAQ:CAMP)

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