PC-Tel, Inc. (PCTI) Announces Earnings Results, Beats Estimates By $0.01 EPS

PC-Tel, Inc. (NASDAQ:PCTI) posted its quarterly earnings data on Tuesday, August 8th. The Wireless communications provider reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01, Briefing.com reports. PC-Tel had a negative net margin of 5.61% and a positive return on equity of 1.60%. The firm had revenue of $21.50 million during the quarter, compared to analysts’ expectations of $24.09 million. During the same quarter in the previous year, the company posted $0.08 EPS. PC-Tel’s revenue was up .9% on a year-over-year basis.

PC-Tel (NASDAQ PCTI) traded up 1.13% during mid-day trading on Friday, hitting $6.29. 19,233 shares of the company were exchanged. The company’s market capitalization is $104.57 million. PC-Tel has a 12-month low of $4.80 and a 12-month high of $8.48. The company’s 50-day moving average is $6.96 and its 200 day moving average is $6.62.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 8th were given a dividend of $0.055 per share. This is a boost from PC-Tel’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, August 4th. This represents a $0.22 annualized dividend and a dividend yield of 3.50%. PC-Tel’s payout ratio is presently -64.70%.

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PCTI has been the subject of several research analyst reports. B. Riley restated a “buy” rating and issued a $9.00 price objective on shares of PC-Tel in a research report on Monday, May 8th. Zacks Investment Research cut shares of PC-Tel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 10th. Finally, Wunderlich cut shares of PC-Tel from a “buy” rating to a “hold” rating and set a $8.00 target price for the company. in a research report on Wednesday, May 10th.

About PC-Tel

PCTEL, Inc (PCTEL) delivers telecom solutions. The Company operates in two segments: Connected Solutions and RF Solutions. The RF Solutions segment develops and provides test equipment, software and engineering services for wireless networks. The Connected Solutions segment designs and delivers antennas and site solutions for wireless networks globally.

Earnings History for PC-Tel (NASDAQ:PCTI)

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