Vecima Networks (VCM) Scheduled to Post Quarterly Earnings on Thursday

Vecima Networks (TSE:VCM) is set to post its quarterly earnings results before the market opens on Thursday, November 14th. Analysts expect Vecima Networks to post earnings of C$0.28 per share for the quarter.

Vecima Networks (TSE:VCM) last posted its earnings results on Thursday, September 19th. The company reported C$0.34 EPS for the quarter, missing analysts’ consensus estimates of C$0.47 by C($0.13). Vecima Networks had a return on equity of 8.57% and a net margin of 6.66%. The company had revenue of C$87.48 million during the quarter, compared to the consensus estimate of C$92.93 million.

Vecima Networks Stock Performance

Shares of Vecima Networks stock opened at C$19.01 on Thursday. Vecima Networks has a fifty-two week low of C$14.50 and a fifty-two week high of C$23.01. The firm has a market capitalization of C$462.13 million, a P/E ratio of 23.76 and a beta of 0.63. The company has a debt-to-equity ratio of 29.61, a current ratio of 1.64 and a quick ratio of 0.83. The company’s 50 day moving average price is C$20.54 and its two-hundred day moving average price is C$20.86.

Vecima Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 11th were given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 1.16%. The ex-dividend date was Friday, October 11th. Vecima Networks’s dividend payout ratio is currently 27.50%.

Insider Activity at Vecima Networks

In related news, Senior Officer Richard Dean Rockwell sold 2,000 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$20.58, for a total value of C$41,160.00. 57.14% of the stock is owned by corporate insiders.

Vecima Networks Company Profile

Vecima Networks Inc engages in the development of integrated hardware and software solutions for broadband access, content delivery, and telematics. The company operates through three segments: Video and Broadband Solutions, Content Delivery and Storage, and Telematics. The Video and Broadband Solutions segment offers platforms that process data from the cable network and deliver high-speed internet connectivity to homes over cable and fiber, as well as adapt video services.