Spok (NASDAQ:SPOK) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Spok (NASDAQ:SPOK - Get Free Report) issued its earnings results on Wednesday. The Wireless communications provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02), Zacks reports. Spok had a return on equity of 9.20% and a net margin of 10.66%. The company had revenue of $33.89 million during the quarter, compared to analysts' expectations of $35.50 million. Spok updated its FY 2025 guidance to EPS.

Spok Price Performance

SPOK traded down $0.09 on Friday, reaching $16.85. The company's stock had a trading volume of 151,724 shares, compared to its average volume of 94,413. The stock has a market cap of $341.58 million, a price-to-earnings ratio of 23.08 and a beta of 0.33. Spok has a 1 year low of $13.24 and a 1 year high of $18.14. The business's 50 day moving average is $16.23 and its 200 day moving average is $15.78.

Spok Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 7.42%. The ex-dividend date of this dividend is Friday, March 14th. Spok's dividend payout ratio is currently 168.92%.

Analyst Upgrades and Downgrades

Separately, B. Riley raised Spok from a "neutral" rating to a "buy" rating and upped their target price for the stock from $15.00 to $20.00 in a research report on Thursday.

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.