Clearfield (CLFD) to Release Earnings on Thursday

Clearfield (NASDAQ:CLFD) is expected to be issuing its quarterly earnings data after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of ($0.26) per share and revenue of $35.78 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Clearfield (NASDAQ:CLFD) last posted its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.13. The business had revenue of $46.80 million for the quarter, compared to analyst estimates of $41.95 million. Clearfield had a negative return on equity of 4.41% and a negative net margin of 7.47%. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 EPS. On average, analysts expect Clearfield to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Clearfield Stock Performance

NASDAQ:CLFD opened at $37.80 on Thursday. The company’s 50-day moving average is $33.22 and its two-hundred day moving average is $36.10. The firm has a market capitalization of $534.11 million, a price-to-earnings ratio of -44.47 and a beta of 1.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 9.43 and a quick ratio of 6.69. Clearfield has a 1-year low of $25.11 and a 1-year high of $44.83.

Insider Activity at Clearfield

In other Clearfield news, Chairman Ronald G. Roth purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average price of $31.00 per share, for a total transaction of $155,000.00. Following the purchase, the chairman now directly owns 1,266,796 shares in the company, valued at approximately $39,270,676. This trade represents a 0.40 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 17.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently commented on CLFD. StockNews.com lowered Clearfield from a “hold” rating to a “sell” rating in a research note on Saturday, January 11th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Clearfield in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $46.75.

About Clearfield

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.