Research Analysts Set Expectations for Spok FY2024 Earnings

Spok Holdings, Inc. (NASDAQ:SPOK - Free Report) - Equities researchers at B. Riley increased their FY2024 EPS estimates for Spok in a report issued on Thursday, October 31st. B. Riley analyst K. Bauser now expects that the Wireless communications provider will post earnings of $0.76 per share for the year, up from their prior estimate of $0.74. B. Riley currently has a "Hold" rating on the stock. The consensus estimate for Spok's current full-year earnings is $0.74 per share. B. Riley also issued estimates for Spok's Q1 2025 earnings at $0.21 EPS, Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.20 EPS, Q4 2025 earnings at $0.19 EPS and FY2025 earnings at $0.79 EPS.

Separately, StockNews.com upgraded shares of Spok from a "hold" rating to a "buy" rating in a research report on Friday, October 25th.

Spok Trading Down 0.5 %

Shares of SPOK stock traded down $0.08 during mid-day trading on Friday, reaching $15.49. The stock had a trading volume of 170,352 shares, compared to its average volume of 130,921. The stock's 50-day moving average price is $14.96 and its two-hundred day moving average price is $15.06. Spok has a 52-week low of $13.24 and a 52-week high of $18.14. The firm has a market capitalization of $313.89 million, a PE ratio of 21.33 and a beta of 0.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. nVerses Capital LLC bought a new position in Spok during the third quarter valued at approximately $27,000. Gladius Capital Management LP bought a new position in Spok during the second quarter valued at approximately $112,000. SG Americas Securities LLC bought a new position in Spok during the third quarter valued at approximately $116,000. BNP Paribas Financial Markets lifted its position in Spok by 82.8% during the first quarter. BNP Paribas Financial Markets now owns 8,577 shares of the Wireless communications provider's stock valued at $137,000 after purchasing an additional 3,884 shares during the period. Finally, Principal Financial Group Inc. bought a new position in Spok during the first quarter valued at approximately $170,000. Institutional investors own 50.81% of the company's stock.

Insiders Place Their Bets

In other Spok news, COO Michael W. Wallace sold 25,000 shares of the company's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $14.80, for a total value of $370,000.00. Following the sale, the chief operating officer now owns 49,465 shares in the company, valued at approximately $732,082. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Michael W. Wallace sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $14.80, for a total value of $370,000.00. Following the transaction, the chief operating officer now owns 49,465 shares in the company, valued at approximately $732,082. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Vincent D. Kelly sold 45,000 shares of the company's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $14.83, for a total transaction of $667,350.00. Following the completion of the transaction, the chief executive officer now owns 201,645 shares in the company, valued at approximately $2,990,395.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 10.51% of the company's stock.

Spok Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 18th will be issued a $0.313 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 8.08%. The ex-dividend date is Monday, November 18th. Spok's dividend payout ratio (DPR) is presently 171.23%.

Spok Company Profile

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.