Adeia (ADEA) Expected to Announce Earnings on Tuesday

Adeia (NASDAQ:ADEAGet Free Report) will likely be posting its quarterly earnings results after the market closes on Tuesday, February 18th. Analysts expect Adeia to post earnings of $0.42 per share and revenue of $114.22 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Adeia Stock Performance

ADEA stock opened at $13.28 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 3.42 and a quick ratio of 3.42. The company has a 50 day moving average price of $13.42 and a 200 day moving average price of $12.48. Adeia has a fifty-two week low of $9.68 and a fifty-two week high of $14.75. The stock has a market capitalization of $1.45 billion, a PE ratio of 36.89 and a beta of 1.37.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ADEA. BWS Financial restated a “buy” rating and issued a $16.00 price objective on shares of Adeia in a research report on Monday, January 13th. Rosenblatt Securities boosted their price objective on shares of Adeia from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th.

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About Adeia

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Adeia Inc, together with its subsidiaries, operates as a media and semiconductor intellectual property licensing company in the United States, Canada, Asia, Europe, the Middle East, and internationally. The company licenses its patent portfolios across various markets, including multichannel video programming distributors comprising cable, satellite, and telecommunications television providers that aggregate and distribute linear content over networks, as well as television providers that aggregate and stream linear content over broadband networks; over-the-top video service providers and social media companies, such as subscription video-on-demand and advertising-supported streaming service providers, as well as content providers, networks, and media companies.

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Earnings History for Adeia (NASDAQ:ADEA)

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