Spok (SPOK) Set to Announce Quarterly Earnings on Wednesday

Spok (NASDAQ:SPOK - Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Spok (NASDAQ:SPOK - Get Free Report) last released its earnings results on Wednesday, July 24th. The Wireless communications provider reported $0.17 EPS for the quarter. Spok had a net margin of 11.19% and a return on equity of 9.56%. The firm had revenue of $33.98 million for the quarter. On average, analysts expect Spok to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Spok Stock Performance

Shares of Spok stock traded up $0.11 on Thursday, reaching $14.98. 82,221 shares of the stock were exchanged, compared to its average volume of 131,487. The firm has a market cap of $303.29 million, a PE ratio of 18.05 and a beta of 0.33. The firm's 50 day moving average is $14.94 and its 200-day moving average is $15.07. Spok has a one year low of $13.24 and a one year high of $18.14.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SPOK. StockNews.com downgraded Spok from a "buy" rating to a "hold" rating in a report on Thursday, September 26th. B. Riley assumed coverage on Spok in a research note on Thursday, September 26th. They issued a "neutral" rating and a $15.00 price objective on the stock.

Insider Activity at Spok

In other Spok news, COO Michael W. Wallace sold 25,000 shares of the firm'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 sale, the chief operating officer now owns 49,465 shares in the company, valued at $732,082. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other Spok news, COO Michael W. Wallace sold 25,000 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $14.80, for a total value of $370,000.00. Following the completion of the transaction, the chief operating officer now directly owns 49,465 shares in the company, valued at approximately $732,082. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Vincent D. Kelly sold 45,000 shares of Spok stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $14.83, for a total value of $667,350.00. Following the sale, the chief executive officer now directly owns 201,645 shares in the company, valued at $2,990,395.35. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.88% of the stock is currently owned by insiders.

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.