Spok (SPOK) Set to Announce Quarterly Earnings on Tuesday

Spok (NASDAQ:SPOK) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, April 24th.

Spok (NASDAQ:SPOK) last posted its quarterly earnings results on Wednesday, February 28th. The Wireless communications provider reported $0.14 earnings per share for the quarter. Spok had a positive return on equity of 2.88% and a negative net margin of 8.94%. The business had revenue of $43.77 million for the quarter.

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SPOK stock opened at $15.35 on Tuesday. Spok has a fifty-two week low of $13.75 and a fifty-two week high of $20.60. The company has a market cap of $307.28, a P/E ratio of 34.89 and a beta of 0.54.

Spok declared that its board has authorized a share repurchase program on Wednesday, February 28th that permits the company to buyback $10.00 million in outstanding shares. This buyback authorization permits the Wireless communications provider to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 16th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend was Thursday, March 15th.

A number of research analysts recently weighed in on the company. ValuEngine downgraded Spok from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. BidaskClub downgraded Spok from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 25th.

In related news, CEO Vincent D. Kelly sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $15.50, for a total transaction of $155,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.63% of the stock is currently owned by corporate insiders.

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About Spok

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides various communications solutions to healthcare, government, and other enterprises in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company provides one-way messaging, including numeric messaging services, which enable subscribers to receive messages comprising numbers, such as phone numbers; and alphanumeric messages, including numbers and letters that enable subscribers to receive text messages.

Earnings History for Spok (NASDAQ:SPOK)

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