Wall Street analysts expect that Numerex Corp. (NASDAQ:NMRX) will post earnings of ($0.03) per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Numerex Corp.’s earnings. Numerex Corp. posted earnings per share of ($0.12) in the same quarter last year, which would indicate a positive year-over-year growth rate of 75%. The business is scheduled to issue its next quarterly earnings report on Monday, November 20th.
According to Zacks, analysts expect that Numerex Corp. will report full-year earnings of ($0.30) per share for the current financial year. For the next financial year, analysts forecast that the company will post earnings of $0.03 per share. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Numerex Corp..
A number of equities analysts have recently weighed in on the company. Canaccord Genuity cut their price target on Numerex Corp. from $4.50 to $3.50 and set a “hold” rating for the company in a report on Thursday, November 9th. ValuEngine cut Numerex Corp. from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Numerex Corp. has a consensus rating of “Hold” and an average target price of $4.67.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. B. Riley Financial Inc. raised its holdings in shares of Numerex Corp. by 166.7% in the third quarter. B. Riley Financial Inc. now owns 40,000 shares of the communications equipment provider’s stock worth $152,000 after acquiring an additional 25,000 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Numerex Corp. by 8.7% in the third quarter. Dimensional Fund Advisors LP now owns 325,365 shares of the communications equipment provider’s stock valued at $1,236,000 after purchasing an additional 25,942 shares during the period. LMR Partners LLP purchased a new stake in shares of Numerex Corp. in the second quarter valued at $170,000. Susquehanna International Group LLP purchased a new stake in shares of Numerex Corp. in the second quarter valued at $197,000. Finally, Legal & General Group Plc grew its position in shares of Numerex Corp. by 7,923.3% in the second quarter. Legal & General Group Plc now owns 161,911 shares of the communications equipment provider’s stock valued at $798,000 after purchasing an additional 159,893 shares during the period. 24.56% of the stock is owned by institutional investors.
Numerex Corp. (NASDAQ NMRX) opened at $3.47 on Tuesday. Numerex Corp. has a 1-year low of $3.38 and a 1-year high of $9.01. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 0.24.
Numerex Corp. Company Profile
Numerex Corp. is a holding company. The Company, through its subsidiaries, provides managed enterprise solutions, which enable the Internet of Things (IoT). The Company offers solutions to incorporate the IoT building blocks, such as device, network, application and platform. Its technology encompasses a range of the IoT ecosystem and delivers solutions for enterprise users.
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