Adeia (ADEA) to Release Quarterly Earnings on Monday

Adeia (NASDAQ:ADEA) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Adeia has set its FY 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

Adeia (NASDAQ:ADEA) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. Adeia had a net margin of 17.33% and a return on equity of 42.74%. The business had revenue of $86.87 million for the quarter, compared to the consensus estimate of $89.23 million.

Adeia Trading Down 0.1 %

Shares of Adeia stock opened at $10.14 on Monday. Adeia has a 1 year low of $7.12 and a 1 year high of $13.39. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.02 and a quick ratio of 2.02. The stock has a market cap of $1.10 billion, a PE ratio of 17.18 and a beta of 1.43. The firm has a fifty day moving average price of $10.84 and a 200 day moving average price of $10.72.

Adeia Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Tuesday, March 12th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, March 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.97%. Adeia’s payout ratio is currently 33.90%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Rosenblatt Securities started coverage on Adeia in a research note on Friday, February 23rd. They issued a “buy” rating and a $15.00 target price on the stock. BWS Financial restated a “buy” rating and issued a $16.00 price objective on shares of Adeia in a research report on Friday, April 19th.

Adeia Company Profile

Adeia Inc, together with its subsidiaries, operates as a media and semiconductor intellectual property licensing company in the United States, Canada, Asia, Europe, the Middle East, and internationally. The company licenses its patent portfolios across various markets, including multichannel video programming distributors comprising cable, satellite, and telecommunications television providers that aggregate and distribute linear content over networks, as well as television providers that aggregate and stream linear content over broadband networks; over-the-top video service providers and social media companies, such as subscription video-on-demand and advertising-supported streaming service providers, as well as content providers, networks, and media companies.