Adeia (ADEA) Expected to Announce Quarterly Earnings on Tuesday

Adeia (NASDAQ:ADEA - Get Free Report) is expected to be announcing its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.42 per share and revenue of $114.22 million for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Adeia Trading Up 0.5 %

Shares of NASDAQ:ADEA traded up $0.07 during trading on Friday, hitting $13.28. 268,706 shares of the company's stock were exchanged, compared to its average volume of 441,040. The firm has a market cap of $1.45 billion, a P/E ratio of 36.89 and a beta of 1.37. The firm has a 50-day moving average price of $13.42 and a two-hundred day moving average price of $12.47. The company has a current ratio of 3.42, a quick ratio of 3.42 and a debt-to-equity ratio of 1.32. Adeia has a 1-year low of $9.68 and a 1-year high of $14.75.

Analysts Set New Price Targets

ADEA has been the subject of a number of analyst reports. BWS Financial restated a "buy" rating and set a $16.00 price objective on shares of Adeia in a report on Monday, January 13th. Rosenblatt Securities lifted their price target on shares of Adeia from $15.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, December 12th.

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.