Ooma Inc (OOMA) Expected to Announce Earnings of -$0.05 Per Share

Wall Street brokerages expect Ooma Inc (NYSE:OOMA) to announce earnings per share of ($0.05) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Ooma’s earnings. Ooma posted earnings per share of ($0.03) during the same quarter last year, which would suggest a negative year over year growth rate of 66.7%. The firm is scheduled to report its next earnings results on Tuesday, March 5th.

On average, analysts expect that Ooma will report full year earnings of ($0.17) per share for the current financial year, with EPS estimates ranging from ($0.18) to ($0.17). For the next year, analysts expect that the business will post earnings of ($0.05) per share, with EPS estimates ranging from ($0.13) to $0.01. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Ooma.

Ooma (NYSE:OOMA) last released its earnings results on Tuesday, November 27th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.03. Ooma had a negative return on equity of 36.11% and a negative net margin of 11.23%. The firm had revenue of $32.61 million during the quarter, compared to analysts’ expectations of $31.74 million. During the same quarter last year, the business posted ($0.02) earnings per share. The firm’s revenue was up 14.4% on a year-over-year basis.

A number of equities analysts recently commented on the company. Credit Suisse Group assumed coverage on Ooma in a research note on Friday, August 10th. They set a “neutral” rating and a $13.00 price target for the company. William Blair raised Ooma from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 28th. B. Riley increased their price target on Ooma from $15.50 to $20.00 and gave the company a “buy” rating in a research note on Thursday, August 23rd. Finally, Zacks Investment Research raised Ooma from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $15.80.

Ooma stock traded down $0.24 during midday trading on Monday, reaching $13.97. 50,249 shares of the stock traded hands, compared to its average volume of 61,366. Ooma has a 12 month low of $9.30 and a 12 month high of $17.50. The firm has a market cap of $278.52 million, a PE ratio of -20.25 and a beta of 0.96.

In related news, VP James A. Gustke sold 5,500 shares of the stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $16.38, for a total transaction of $90,090.00. Following the completion of the transaction, the vice president now directly owns 138,275 shares of the company’s stock, valued at $2,264,944.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Eric B. Stang sold 19,030 shares of the stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $15.82, for a total value of $301,054.60. Following the transaction, the chief executive officer now directly owns 372,500 shares of the company’s stock, valued at $5,892,950. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,594 shares of company stock valued at $789,464. 10.47% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Royce & Associates LP lifted its stake in shares of Ooma by 0.6% in the 2nd quarter. Royce & Associates LP now owns 576,835 shares of the technology company’s stock valued at $8,162,000 after purchasing an additional 3,233 shares during the last quarter. Teachers Advisors LLC lifted its stake in shares of Ooma by 15.8% in the 3rd quarter. Teachers Advisors LLC now owns 35,860 shares of the technology company’s stock valued at $595,000 after purchasing an additional 4,894 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Ooma by 13.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 42,257 shares of the technology company’s stock valued at $598,000 after purchasing an additional 5,157 shares during the last quarter. Man Group plc lifted its stake in shares of Ooma by 21.6% in the 3rd quarter. Man Group plc now owns 29,300 shares of the technology company’s stock valued at $486,000 after purchasing an additional 5,200 shares during the last quarter. Finally, Alambic Investment Management L.P. lifted its stake in shares of Ooma by 8.5% in the 3rd quarter. Alambic Investment Management L.P. now owns 71,933 shares of the technology company’s stock valued at $1,194,000 after purchasing an additional 5,665 shares during the last quarter. 76.63% of the stock is owned by institutional investors and hedge funds.

Ooma Company Profile

Ooma, Inc provides communications solutions and other connected services to small business, home, and mobile users in the United States and Canadian markets. The company's Ooma Office, a multi-user communications system comprise an on-premise appliance and Ooma Linx end-point device that wirelessly connects regular desktop telephones and fax machines to the user's high-speed Internet connection; and Ooma Office Mobile HD app, which allows users to make, receive, and transfer phone calls.

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Earnings History and Estimates for Ooma (NYSE:OOMA)

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