ClearOne, Inc. (NASDAQ:CLRO) – Investment analysts at B. Riley lowered their Q4 2017 earnings per share estimates for shares of ClearOne in a note issued to investors on Thursday. B. Riley analyst K. Anderson now forecasts that the communications equipment provider will earn $0.04 per share for the quarter, down from their previous forecast of $0.05. B. Riley has a “Buy” rating and a $8.50 price objective on the stock. B. Riley also issued estimates for ClearOne’s Q2 2018 earnings at $0.08 EPS, Q3 2018 earnings at $0.10 EPS, Q4 2018 earnings at $0.13 EPS and FY2018 earnings at $0.36 EPS.
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Several other brokerages have also recently issued reports on CLRO. TheStreet cut ClearOne from a “c-” rating to a “d+” rating in a report on Friday. ValuEngine raised ClearOne from a “sell” rating to a “hold” rating in a report on Friday, September 1st.
Shares of ClearOne (NASDAQ CLRO) opened at $6.80 on Monday. The stock has a market capitalization of $56.50, a P/E ratio of 223.33 and a beta of 1.36. ClearOne has a twelve month low of $6.70 and a twelve month high of $12.60.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 22nd will be issued a dividend of $0.07 per share. The ex-dividend date is Tuesday, November 21st. This represents a $0.28 annualized dividend and a dividend yield of 4.12%. ClearOne’s dividend payout ratio (DPR) is -20.74%.
In other news, major shareholder Edward D. Bagley acquired 10,000 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were acquired at an average cost of $7.68 per share, with a total value of $76,800.00. Following the acquisition, the insider now directly owns 1,870,914 shares of the company’s stock, valued at $14,368,619.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder E Bryan Bagley acquired 45,448 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were purchased at an average cost of $6.79 per share, for a total transaction of $308,591.92. Following the completion of the acquisition, the insider now directly owns 38,602 shares in the company, valued at $262,107.58. The disclosure for this purchase can be found here. Insiders have bought a total of 194,912 shares of company stock worth $1,444,630 over the last ninety days. Insiders own 9.45% of the company’s stock.
ClearOne, Inc (ClearOne) is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The Company designs, develops, markets and services a line of conferencing products for personal use, as well as traditional tabletop, mid-tier professional products for large, medium and small businesses.
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