PC-Tel, Inc. (PCTI) Given $8.50 Consensus Target Price by Analysts

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PC-Tel, Inc. (NASDAQ:PCTI) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokerages have set a twelve-month consensus target price of $8.50 for the company and are predicting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also assigned PC-Tel an industry rank of 53 out of 255 based on the ratings given to its competitors.

A number of equities research analysts recently weighed in on PCTI shares. Zacks Investment Research cut PC-Tel from a “buy” rating to a “hold” rating in a research note on Saturday, April 21st. TheStreet upgraded PC-Tel from a “c+” rating to a “b” rating in a research note on Friday, May 4th. Finally, B. Riley restated a “buy” rating on shares of PC-Tel in a research note on Monday, March 12th.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its stake in shares of PC-Tel by 0.8% during the 4th quarter. Renaissance Technologies LLC now owns 1,478,515 shares of the Wireless communications provider’s stock worth $10,897,000 after purchasing an additional 11,962 shares during the last quarter. Millennium Management LLC purchased a new stake in PC-Tel in the fourth quarter valued at about $118,000. Chartwell Investment Partners LLC raised its stake in PC-Tel by 1.8% in the fourth quarter. Chartwell Investment Partners LLC now owns 1,751,082 shares of the Wireless communications provider’s stock valued at $12,905,000 after buying an additional 31,740 shares during the last quarter. Bailard Inc. purchased a new stake in PC-Tel in the fourth quarter valued at about $293,000. Finally, Wedge Capital Management L L P NC purchased a new stake in PC-Tel in the fourth quarter valued at about $363,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Shares of PC-Tel traded down $0.05, reaching $6.41, during mid-day trading on Thursday, according to Marketbeat.com. 10,979 shares of the company were exchanged, compared to its average volume of 30,312. The stock has a market capitalization of $119.59 million, a P/E ratio of 64.10 and a beta of 0.53. PC-Tel has a 1 year low of $5.65 and a 1 year high of $7.85.

PC-Tel (NASDAQ:PCTI) last issued its quarterly earnings data on Wednesday, May 9th. The Wireless communications provider reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $21.73 million during the quarter, compared to analysts’ expectations of $21.70 million. PC-Tel had a return on equity of 1.44% and a net margin of 3.32%. During the same period in the prior year, the business posted $0.05 EPS. analysts predict that PC-Tel will post 0.2 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Tuesday, May 8th were paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date was Monday, May 7th. PC-Tel’s dividend payout ratio (DPR) is currently 220.00%.

PC-Tel Company Profile

PCTEL, Inc, together with its subsidiaries, delivers performance critical telecom solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. The company operates in two segments, Connected Solutions and RF Solutions. The Connected Solutions segment designs and delivers precision antennas, which are used primarily in small cells, enterprise Wi-Fi access points, fleet management and transit systems, and in equipment and devices for the Industrial Internet of Things.

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