$0.10 EPS Expected for Ooma, Inc. (NYSE:OOMA) This Quarter

Wall Street analysts predict that Ooma, Inc. (NYSE:OOMAGet Rating) will post earnings per share (EPS) of $0.10 for the current quarter, according to Zacks. Six analysts have issued estimates for Ooma’s earnings. The lowest EPS estimate is $0.09 and the highest is $0.10. Ooma reported earnings of $0.11 per share in the same quarter last year, which would indicate a negative year over year growth rate of 9.1%. The company is scheduled to announce its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Ooma will report full-year earnings of $0.37 per share for the current financial year, with EPS estimates ranging from $0.33 to $0.39. For the next fiscal year, analysts expect that the company will report earnings of $0.52 per share, with EPS estimates ranging from $0.41 to $0.61. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Ooma.

Ooma (NYSE:OOMAGet Rating) last posted its quarterly earnings data on Thursday, March 3rd. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. The business had revenue of $50.49 million for the quarter, compared to analyst estimates of $49.97 million. Ooma had a negative net margin of 0.91% and a negative return on equity of 0.95%. During the same quarter in the previous year, the firm posted ($0.02) earnings per share.

OOMA has been the topic of several analyst reports. Benchmark dropped their target price on shares of Ooma to $27.00 in a research note on Friday. Colliers Securities began coverage on shares of Ooma in a research note on Wednesday, February 2nd. They issued a “buy” rating and a $25.00 target price on the stock. StockNews.com upgraded shares of Ooma from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 12th. Finally, Zacks Investment Research upgraded shares of Ooma from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Thursday, January 27th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $25.58.

A number of hedge funds have recently made changes to their positions in the business. Walleye Capital LLC increased its holdings in Ooma by 5.7% during the first quarter. Walleye Capital LLC now owns 59,911 shares of the technology company’s stock valued at $898,000 after buying an additional 3,208 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Ooma during the first quarter valued at approximately $161,000. Goldman Sachs Group Inc. increased its holdings in Ooma by 11.7% during the first quarter. Goldman Sachs Group Inc. now owns 46,050 shares of the technology company’s stock valued at $690,000 after buying an additional 4,823 shares during the last quarter. Wellington Management Group LLP increased its holdings in Ooma by 22.4% during the first quarter. Wellington Management Group LLP now owns 1,153,787 shares of the technology company’s stock valued at $17,296,000 after buying an additional 211,434 shares during the last quarter. Finally, State Street Corp increased its holdings in Ooma by 2.4% during the first quarter. State Street Corp now owns 661,399 shares of the technology company’s stock valued at $9,914,000 after buying an additional 15,339 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE OOMA traded up $0.13 during midday trading on Friday, hitting $13.66. The stock had a trading volume of 49,941 shares, compared to its average volume of 126,978. The business’s 50 day moving average is $13.98 and its 200-day moving average is $17.10. The company has a market cap of $331.53 million, a P/E ratio of -195.11 and a beta of 0.67. Ooma has a 52 week low of $12.11 and a 52 week high of $24.89.

About Ooma (Get Rating)

Ooma, Inc provides communications services and related technologies for businesses and consumers in the United States and Canada. The company's products and services include Ooma Office, a cloud-based multi-user communications system for small and medium-sized businesses; Ooma Office Pro that offers services, including HD video meetings, call recording, enhanced call blocking, and voicemail transcription; Ooma Connect, which delivers fixed wireless internet connectivity; Ooma Managed Wi-Fi, a plug-and-play enterprise-grade Wi-Fi solution; and Ooma Enterprise, a unified-communications-as-a-service solution.

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