Ooma Inc (OOMA) Expected to Announce Earnings of -$0.04 Per Share

Brokerages expect Ooma Inc (NYSE:OOMA) to report earnings per share (EPS) of ($0.04) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Ooma’s earnings. The lowest EPS estimate is ($0.05) and the highest is ($0.04). Ooma reported earnings per share of ($0.01) in the same quarter last year, which indicates a negative year-over-year growth rate of 300%. The business is scheduled to report its next quarterly earnings results on Tuesday, March 6th.

On average, analysts expect that Ooma will report full-year earnings of ($0.10) per share for the current financial year, with EPS estimates ranging from ($0.11) to ($0.09). For the next fiscal year, analysts expect that the company will report earnings of ($0.04) per share, with EPS estimates ranging from ($0.08) to $0.02. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Ooma.

Ooma (NYSE:OOMA) last released its quarterly earnings results on Tuesday, November 28th. The technology company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. The company had revenue of $28.50 million for the quarter, compared to analysts’ expectations of $28.04 million. Ooma had a negative return on equity of 32.29% and a negative net margin of 11.65%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.02) earnings per share.

Several research firms have recently weighed in on OOMA. B. Riley restated a “buy” rating and set a $13.00 price target on shares of Ooma in a report on Friday, September 1st. Northland Securities restated a “buy” rating and set a $10.75 price target on shares of Ooma in a report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Ooma has an average rating of “Hold” and a consensus target price of $12.67.

In related news, VP James A. Gustke sold 7,200 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $10.35, for a total value of $74,520.00. Following the sale, the vice president now directly owns 182,174 shares in the company, valued at $1,885,500.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ravi Narula sold 3,535 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $12.00, for a total value of $42,420.00. Following the completion of the sale, the chief financial officer now owns 217,522 shares in the company, valued at $2,610,264. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,825 shares of company stock worth $620,761. Company insiders own 48.19% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Algert Global LLC bought a new stake in Ooma in the third quarter valued at approximately $501,000. Sterling Capital Management LLC lifted its stake in Ooma by 65.1% in the third quarter. Sterling Capital Management LLC now owns 68,706 shares of the technology company’s stock valued at $725,000 after buying an additional 27,097 shares during the period. Wolverine Trading LLC acquired a new position in Ooma in the third quarter valued at approximately $115,000. Royce & Associates LP lifted its stake in Ooma by 13.7% in the third quarter. Royce & Associates LP now owns 568,728 shares of the technology company’s stock valued at $6,000,000 after buying an additional 68,380 shares during the period. Finally, B. Riley Financial Inc. lifted its stake in Ooma by 62.7% in the third quarter. B. Riley Financial Inc. now owns 188,526 shares of the technology company’s stock valued at $2,015,000 after buying an additional 72,681 shares during the period. Institutional investors and hedge funds own 72.32% of the company’s stock.

Shares of Ooma (NYSE OOMA) opened at $12.05 on Friday. The firm has a market capitalization of $232.59, a PE ratio of -16.74 and a beta of 1.37. Ooma has a twelve month low of $7.30 and a twelve month high of $12.75.

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Ooma Company Profile

Ooma, Inc is a United States-based company, which offers Ooma, a communications platform for small businesses and consumers. Ooma serves as a communications hub, which offers cloud-based telephony, Internet security, home monitoring and other connected services. Ooma combines PureVoice high definition (HD) call quality features with mobile applications anytime, anywhere calling.

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