B. Riley Has Bearish Estimate for Spok FY2025 Earnings

Spok Holdings, Inc. (NASDAQ:SPOK) – Equities researchers at B. Riley reduced their FY2025 EPS estimates for shares of Spok in a research note issued on Wednesday, October 29th. B. Riley analyst A. Schock now forecasts that the Wireless communications provider will earn $0.80 per share for the year, down from their prior forecast of $0.86. The consensus estimate for Spok’s current full-year earnings is $0.76 per share.

Spok (NASDAQ:SPOK) last announced its earnings results on Wednesday, October 29th. The Wireless communications provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). The firm had revenue of $33.87 million during the quarter, compared to analyst estimates of $35.90 million. Spok had a return on equity of 10.88% and a net margin of 11.88%. Spok has set its FY 2025 guidance at EPS.

Several other equities research analysts also recently issued reports on SPOK. Wall Street Zen downgraded shares of Spok from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reissued a “buy (b)” rating on shares of Spok in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, Spok currently has an average rating of “Strong Buy” and an average price target of $20.00.

Spok Stock Performance

Shares of SPOK opened at $14.29 on Monday. The firm’s 50 day moving average price is $16.80 and its 200 day moving average price is $16.90. Spok has a twelve month low of $13.36 and a twelve month high of $19.31. The firm has a market cap of $294.25 million, a PE ratio of 17.86 and a beta of 0.49.

Spok Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Tuesday, November 18th will be paid a dividend of $0.3125 per share. The ex-dividend date is Tuesday, November 18th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 8.7%. Spok’s dividend payout ratio is currently 156.25%.

Insider Buying and Selling

In other Spok news, CEO Vincent D. Kelly sold 25,000 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $17.69, for a total transaction of $442,250.00. Following the transaction, the chief executive officer owned 102,817 shares in the company, valued at $1,818,832.73. This trade represents a 19.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Michael W. Wallace sold 10,806 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $17.87, for a total value of $193,103.22. Following the transaction, the chief operating officer owned 40,369 shares in the company, valued at $721,394.03. The trade was a 21.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 7.37% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SPOK. Kingstone Capital Partners Texas LLC acquired a new stake in Spok in the second quarter valued at about $197,634,000. Goldman Sachs Group Inc. boosted its stake in Spok by 33.4% in the first quarter. Goldman Sachs Group Inc. now owns 521,571 shares of the Wireless communications provider’s stock valued at $8,575,000 after buying an additional 130,478 shares in the last quarter. Geode Capital Management LLC boosted its stake in Spok by 6.1% in the second quarter. Geode Capital Management LLC now owns 518,327 shares of the Wireless communications provider’s stock valued at $9,166,000 after buying an additional 29,957 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Spok by 3.5% in the second quarter. Acadian Asset Management LLC now owns 390,009 shares of the Wireless communications provider’s stock valued at $6,894,000 after buying an additional 13,077 shares in the last quarter. Finally, CSM Advisors LLC acquired a new stake in Spok in the second quarter valued at about $6,175,000. Institutional investors own 50.81% of the company’s stock.

About Spok

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company's products and services enhance workflows for clinicians and support administrative compliance. It delivers clinical information to care teams when and where it matters to enhance patient outcomes; and provides GenA Pager, a one-way alphanumeric pager.