Immersion (IMMR) Expected to Announce Earnings on Thursday

Immersion (NASDAQ:IMMR) is anticipated to post its quarterly earnings results before the market opens on Thursday, March 6th. Analysts expect Immersion to post earnings of $0.14 per share for the quarter.

Immersion (NASDAQ:IMMR) last issued its quarterly earnings data on Monday, December 16th. The software maker reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.68. Immersion had a net margin of 11.79% and a return on equity of 28.08%.

Immersion Price Performance

Immersion stock opened at $8.20 on Thursday. Immersion has a 52 week low of $6.54 and a 52 week high of $13.94. The company’s 50 day moving average price is $8.59 and its two-hundred day moving average price is $8.79. The stock has a market cap of $264.66 million, a P/E ratio of 2.93 and a beta of 1.50. The company has a quick ratio of 0.94, a current ratio of 1.65 and a debt-to-equity ratio of 0.37.

Analyst Upgrades and Downgrades

Separately, BWS Financial reiterated a “buy” rating and set a $13.50 price target on shares of Immersion in a report on Wednesday, February 5th.

About Immersion

Immersion Corporation, together with its subsidiaries, engages in the creation, design, development, and licensing of haptic technologies that allow people to use their sense of touch to engage with and experience various digital products in North America, Europe, and Asia. The company provides technology, patent, and combined licenses.