UTStarcom (NASDAQ:UTSI) Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS

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UTStarcom (NASDAQ:UTSI) posted its earnings results on Tuesday. The Wireless communications provider reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.14, RTT News reports. UTStarcom had a return on equity of 1.45% and a net margin of 1.25%. During the same quarter last year, the company posted $0.01 earnings per share. UTStarcom updated its Q3 2019 guidance to EPS.

NASDAQ UTSI opened at $2.90 on Wednesday. The company has a market cap of $102.57 million, a PE ratio of 20.71 and a beta of 0.85. The company has a 50 day moving average price of $3.02. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.12 and a quick ratio of 1.96. UTStarcom has a 52 week low of $2.59 and a 52 week high of $4.11.

Several equities analysts have recently weighed in on the company. ValuEngine upgraded UTStarcom from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Zacks Investment Research cut UTStarcom from a “buy” rating to a “hold” rating in a report on Saturday. Finally, TheStreet cut UTStarcom from a “c+” rating to a “d+” rating in a report on Wednesday, May 15th.

About UTStarcom

UTStarcom Holdings Corp. operates as a telecom infrastructure provider to develop technology for bandwidth from cloud-based services, mobile, streaming, and other applications worldwide. The company helps network operators to offer communication services for its customers. Its products line include various platforms that leverage its expertise in packet optical communications, routing and switching technologies, broadband access, wireless communications, and synchronization.

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Earnings History for UTStarcom (NASDAQ:UTSI)

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