ClearOne Incoprorated (NASDAQ:CLRO) – Equities researchers at B. Riley issued their Q1 2017 EPS estimates for ClearOne Incoprorated in a report issued on Wednesday. B. Riley analyst I. Corydon forecasts that the firm will earn $0.13 per share for the quarter. B. Riley has a “Buy” rating and a $12.00 price objective on the stock. B. Riley also issued estimates for ClearOne Incoprorated’s Q2 2017 earnings at $0.09 EPS, Q3 2017 earnings at $0.16 EPS, Q4 2017 earnings at $0.08 EPS and FY2017 earnings at $0.44 EPS.
ClearOne Incoprorated (NASDAQ:CLRO) last posted its earnings results on Tuesday, March 14th. The company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.23. ClearOne Incoprorated had a net margin of 9.78% and a return on equity of 8.54%.
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A number of other research analysts have also recently commented on CLRO. TheStreet raised shares of ClearOne Incoprorated from a “hold” rating to a “buy” rating in a research report on Tuesday, November 29th. Zacks Investment Research raised shares of ClearOne Incoprorated from a “sell” rating to a “hold” rating in a research report on Friday, December 2nd.
ClearOne Incoprorated (NASDAQ:CLRO) opened at 10.75 on Monday. ClearOne Incoprorated has a 52-week low of $9.51 and a 52-week high of $12.60. The company has a 50 day moving average of $11.52 and a 200-day moving average of $11.29. The stock has a market capitalization of $95.25 million, a P/E ratio of 41.35 and a beta of 1.20.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 15th were given a dividend of $0.05 per share. The ex-dividend date was Monday, February 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.86%. ClearOne Incoprorated’s payout ratio is currently 37.74%.
Hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP bought a new stake in ClearOne Incoprorated during the fourth quarter valued at about $123,000. FMR LLC boosted its stake in ClearOne Incoprorated by 5.6% in the fourth quarter. FMR LLC now owns 266,000 shares of the company’s stock valued at $3,032,000 after buying an additional 14,000 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in ClearOne Incoprorated by 7.2% in the fourth quarter. Renaissance Technologies LLC now owns 167,800 shares of the company’s stock valued at $1,913,000 after buying an additional 11,300 shares in the last quarter. 19.32% of the stock is currently owned by hedge funds and other institutional investors.
About ClearOne Incoprorated
ClearOne, Inc (ClearOne) is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The Company designs, develops, markets and services a line of conferencing products for personal use, as well as traditional tabletop, mid-tier professional products for large, medium and small businesses.
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