Clearfield (CLFD) Expected to Announce Earnings on Thursday

Clearfield (NASDAQ:CLFD - Get Free Report) is expected to be announcing its earnings results after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of ($0.26) per share and revenue of $35.78 million for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

Clearfield (NASDAQ:CLFD - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.19) by $0.13. Clearfield had a negative net margin of 7.47% and a negative return on equity of 4.41%. The business had revenue of $46.80 million during the quarter, compared to analyst estimates of $41.95 million. During the same period in the previous year, the business earned $0.17 EPS. Clearfield's revenue was down 5.8% compared to the same quarter last year. On average, analysts expect Clearfield to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Clearfield Stock Performance

Clearfield stock traded down $3.06 during mid-day trading on Thursday, reaching $34.74. The company's stock had a trading volume of 421,620 shares, compared to its average volume of 118,843. Clearfield has a 12-month low of $25.11 and a 12-month high of $44.83. The company has a market capitalization of $490.88 million, a P/E ratio of -40.87 and a beta of 1.27. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.69 and a current ratio of 9.43. The firm's fifty day moving average price is $33.39 and its two-hundred day moving average price is $36.11.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CLFD. Needham & Company LLC reiterated a "buy" rating and issued a $50.00 price objective on shares of Clearfield in a research note on Thursday, January 16th. StockNews.com downgraded shares of Clearfield from a "hold" rating to a "sell" rating in a report on Saturday, January 11th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $46.75.

Insider Transactions at Clearfield

In related news, Chairman Ronald G. Roth acquired 5,000 shares of the company's stock in a transaction dated Thursday, December 5th. The stock was bought at an average cost of $31.00 per share, with a total value of $155,000.00. Following the acquisition, the chairman now owns 1,266,796 shares of the company's stock, valued at approximately $39,270,676. The trade was a 0.40 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 17.80% of the stock is currently owned by insiders.

Clearfield Company Profile

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.