Vecima Networks Inc. (TSE:VCM – Get Rating) – Analysts at B. Riley raised their Q3 2024 earnings estimates for Vecima Networks in a note issued to investors on Friday, May 12th. B. Riley analyst D. Kang now forecasts that the company will earn $0.41 per share for the quarter, up from their prior forecast of $0.39. The consensus estimate for Vecima Networks’ current full-year earnings is $1.64 per share. B. Riley also issued estimates for Vecima Networks’ Q4 2024 earnings at $0.50 EPS.
A number of other analysts also recently issued reports on VCM. Raymond James raised their price objective on Vecima Networks from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Friday, February 10th. Cormark increased their target price on shares of Vecima Networks from C$25.00 to C$28.00 in a research note on Monday, February 13th.
Vecima Networks Stock Down 2.3 %
Vecima Networks (TSE:VCM – Get Rating) last posted its quarterly earnings data on Thursday, February 9th. The company reported C$0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.27 by C$0.08. The firm had revenue of C$76.21 million for the quarter, compared to the consensus estimate of C$73.63 million. Vecima Networks had a net margin of 9.26% and a return on equity of 12.45%.
Vecima Networks Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 19th. Shareholders of record on Friday, May 26th will be given a $0.055 dividend. The ex-dividend date is Thursday, May 25th. This represents a $0.22 dividend on an annualized basis and a yield of 1.13%. Vecima Networks’s payout ratio is currently 21.15%.
About Vecima Networks
Vecima Networks Inc engages in the development of integrated hardware and software solutions for broadband access, content delivery, and telematics. The company operates through three segments: Video and Broadband Solutions, Content Delivery and Storage, and Telematics. The Video and Broadband Solutions segment offers platforms that process data from the cable network and deliver high-speed internet connectivity to homes over cable and fiber, as well as adapt video services.
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