CalAmp (CAMP) Issues Q4 Earnings Guidance

The firm owned 1,720,900 shares of the Wireless communications provider's stock after selling 14,158 shares during the period. State of Tennessee Treasury Department owned 0.08% of CalAmp Corp. worth $401,000 at the end of the most recent reporting period. JPMorgan Chase & Co. lifted its stake in shares of CalAmp by 7.9% during the 3rd quarter. Municipal Employees Retirement System of MI raised its stake in CalAmp 1.9% in the third quarter. Voya Investment Management LLC now owns 878,417 shares of the Wireless communications provider's stock valued at $17,858,000 after acquiring an additional 23,819 shares in the last quarter. Municipal Employees Retirement System of MI increased its position in CalAmp by 60.9% during the 3rd quarter. Van Hulzen Asset Management LLC increased its position in CalAmp by 21.0% during the 3rd quarter. Municipal Employees Retirement System of MI now owns 8,130 shares of the company's stock valued at $113,000 after buying an additional 150 shares during the last quarter. Dimensional Fund Advisors LP now owns 1,735,058 shares of the Wireless communications provider's stock worth $35,274,000 after acquiring an additional 155,739 shares in the last quarter.

Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered shares of CalAmp from a hold rating to a sell rating in a report on Thursday, December 28th. Zacks Investment Research cut CalAmp from a "hold" rating to a "sell" rating in a research report on Thursday, December 28th. Northland Securities reiterated a buy rating and set a $22.00 target price on shares of CalAmp in a research note on Tuesday, September 5th. Craig Hallum boosted their price target on CalAmp from $23.00 to $25.00 and gave the company a buy rating in a research note on Friday, September 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company's stock. The company has a consensus rating of Hold and a consensus target price of $25.29. CalAmp Corp. has a 52-week low of $12.13 and a 52-week high of $19.67. (NASDAQ:CAMP) opened at $22.29 on Thursday. The company has a quick ratio of 2.36, a current ratio of 2.76 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $824.71, a P/E ratio of 47.78 and a beta of 1.63.

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CalAmp (NASDAQ:CAMP) issued an update on its fourth quarter earnings guidance on Thursday morning. The Wireless communications provider reported $0.31 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.24 by $0.07. CalAmp had a return on equity of 19.20% and a net margin of 5.00%. The firm had revenue of $93.67 million for the quarter, compared to the consensus estimate of $91.10 million. The company's revenue was up 12.4% compared to the same quarter previous year. During the same quarter last year, the business posted $0.21 EPS. equities research analysts expect that CalAmp will post 0.92 earnings per share for the current year.

In other CalAmp news, SVP Garo Sarkis Sarkissian sold 3,000 shares of the firm's stock in a transaction on Wednesday, January 3rd. Following the sale, the chief executive officer now directly owns 492,434 shares of the company's stock, valued at $10,675,969.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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In related news, VP Richard K. Vitelle sold 27,360 shares of CalAmp Corp. stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $15.01, for a total value of $93,062.00. Following the completion of the transaction, the senior vice president now owns 195,289 shares of the company's stock, valued at $4,296,358. The disclosure for this sale can be found here. Insiders sold 46,000 shares of company stock worth $1,026,960 in the last 90 days.

CAMP has been the topic of a number of other research reports. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & global copyright and trademark laws. The legal version of this report can be viewed at 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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