Brokerages Expect UTStarcom Holdings Corp (NASDAQ:UTSI) to Post ($0.05) Earnings Per Share

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UTStarcom Holdings Corp (NASDAQ:UTSI) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Analysts have set a 1-year consensus price target of $4.50 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 UTStarcom an industry rank of 102 out of 256 based on the ratings given to related companies.

Several equities analysts have issued reports on the stock. ValuEngine raised shares of UTStarcom from a “hold” rating to a “buy” rating in a report on Friday, July 12th. TheStreet raised shares of UTStarcom from a “d+” rating to a “c” rating in a report on Friday, August 16th. Finally, Zacks Investment Research raised shares of UTStarcom from a “hold” rating to a “strong-buy” rating and set a $3.25 price objective on the stock in a report on Thursday, August 22nd.

UTSI stock remained flat at $$3.00 during midday trading on Thursday. 11,058 shares of the company traded hands, compared to its average volume of 15,716. The firm has a market capitalization of $99.01 million, a price-to-earnings ratio of 21.43 and a beta of 0.85. The company’s fifty day moving average is $2.91 and its two-hundred day moving average is $3.22. UTStarcom has a 52 week low of $2.43 and a 52 week high of $4.11.

UTStarcom (NASDAQ:UTSI) last posted its quarterly earnings data on Tuesday, August 13th. The Wireless communications provider reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.14. The business had revenue of $13.91 million for the quarter, compared to the consensus estimate of $15.00 million. UTStarcom had a net margin of 3.17% and a return on equity of 3.20%. During the same period last year, the firm posted $0.01 earnings per share. As a group, equities research analysts forecast that UTStarcom will post -0.06 EPS for the current fiscal year.

UTStarcom Company Profile

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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