Kaleyra (KLR) Set to Announce Earnings on Monday

Kaleyra (NYSEAMERICAN:KLRGet Rating) is scheduled to post its quarterly earnings results after the market closes on Monday, August 8th. Analysts expect Kaleyra to post earnings of ($0.24) per share for the quarter. Kaleyra has set its FY 2022 guidance at EPS and its Q2 2022 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Kaleyra (NYSEAMERICAN:KLRGet Rating) last issued its quarterly earnings results on Monday, May 9th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.05). The company had revenue of $80.48 million during the quarter, compared to analysts’ expectations of $85.72 million. Kaleyra had a negative return on equity of 26.68% and a negative net margin of 11.93%. On average, analysts expect Kaleyra to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Kaleyra Price Performance

Shares of NYSEAMERICAN KLR opened at $2.45 on Friday. The firm has a market capitalization of $106.52 million, a P/E ratio of -2.72 and a beta of 0.85. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.91. Kaleyra has a one year low of $1.81 and a one year high of $14.23.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Cowen dropped their target price on shares of Kaleyra from $20.00 to $15.00 in a report on Tuesday, May 10th. Craig Hallum lowered shares of Kaleyra from a “buy” rating to a “hold” rating and dropped their target price for the stock from $15.00 to $6.50 in a report on Tuesday, May 10th. Finally, Northland Securities dropped their target price on shares of Kaleyra from $18.00 to $9.00 in a report on Tuesday, July 19th.

Insider Buying and Selling at Kaleyra

In other Kaleyra news, major shareholder Matteo Lodrini purchased 10,000 shares of Kaleyra stock in a transaction dated Friday, June 3rd. The shares were acquired at an average price of $3.30 per share, with a total value of $33,000.00. Following the completion of the transaction, the insider now owns 247,027 shares of the company’s stock, valued at $815,189.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Kaleyra news, major shareholder Matteo Lodrini purchased 10,000 shares of Kaleyra stock in a transaction dated Friday, June 3rd. The shares were acquired at an average price of $3.30 per share, with a total value of $33,000.00. Following the completion of the transaction, the insider now owns 247,027 shares of the company’s stock, valued at $815,189.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Giacomo Dall’aglio sold 17,938 shares of the stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $2.93, for a total transaction of $52,558.34. Following the sale, the insider now directly owns 570,685 shares in the company, valued at approximately $1,672,107.05. The disclosure for this sale can be found here. Insiders have sold 88,882 shares of company stock valued at $228,999 over the last 90 days. 50.98% of the stock is owned by insiders.

Institutional Trading of Kaleyra

Large investors have recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in Kaleyra in the first quarter valued at approximately $60,000. Engineers Gate Manager LP increased its stake in Kaleyra by 42.2% in the first quarter. Engineers Gate Manager LP now owns 18,360 shares of the company’s stock valued at $110,000 after purchasing an additional 5,449 shares during the last quarter. Vident Investment Advisory LLC purchased a new position in Kaleyra in the first quarter valued at approximately $194,000. Finally, Renaissance Technologies LLC purchased a new position in Kaleyra in the first quarter valued at approximately $567,000. 41.34% of the stock is currently owned by hedge funds and other institutional investors.

Kaleyra Company Profile

(Get Rating)

Kaleyra Inc, through its subsidiaries, provides mobile communication services to financial institutions, e-commerce players, over the tops (OTTs), software companies, logistic enablers, healthcare providers and retailers, and other organizations. Through its platform and Application Programming Interface (APIs), it manages multi-channel integrated communication services globally consisting of messaging, push notifications, e-mail, voice services, video capabilities, and chatbots.

See Also

Earnings History for Kaleyra (NYSEAMERICAN:KLR)

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