FY2025 EPS Estimates for Vecima Networks Lowered by Analyst

Vecima Networks Inc. (TSE:VCM - Free Report) - Analysts at Cormark reduced their FY2025 earnings per share (EPS) estimates for Vecima Networks in a research report issued to clients and investors on Wednesday, December 11th. Cormark analyst J. Pytlak now forecasts that the company will post earnings of $0.87 per share for the year, down from their previous forecast of $1.03. The consensus estimate for Vecima Networks' current full-year earnings is $1.18 per share.

Vecima Networks (TSE:VCM - Get Free Report) last released its earnings results on Thursday, September 19th. The company reported C$0.34 EPS for the quarter, missing analysts' consensus estimates of C$0.47 by C($0.13). Vecima Networks had a return on equity of 8.57% and a net margin of 6.66%. The firm had revenue of C$87.48 million for the quarter, compared to analyst estimates of C$92.93 million.

Separately, Accountability Research decreased their price target on Vecima Networks from C$27.00 to C$24.00 in a report on Friday, November 15th.

Vecima Networks Stock Performance

Shares of Vecima Networks stock traded up C$0.08 on Friday, reaching C$16.98. 2,710 shares of the stock were exchanged, compared to its average volume of 3,124. The company has a quick ratio of 0.83, a current ratio of 1.64 and a debt-to-equity ratio of 29.61. Vecima Networks has a twelve month low of C$14.50 and a twelve month high of C$23.01. The firm has a market capitalization of C$412.78 million, a price-to-earnings ratio of 21.23 and a beta of 0.63. The business has a 50 day moving average price of C$18.73 and a two-hundred day moving average price of C$20.27.

Insider Buying and Selling

In other news, Senior Officer Richard Dean Rockwell sold 2,000 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$20.58, for a total transaction of C$41,160.00. Also, Senior Officer Clay Mccreery sold 1,600 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$17.40, for a total value of C$27,840.00. Over the last ninety days, insiders bought 2,000 shares of company stock worth $37,700. 57.14% of the stock is owned by corporate insiders.

Vecima Networks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Friday, November 22nd. Vecima Networks's payout ratio is 27.50%.

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.