Wall Street brokerages expect that Qumu Corp (NASDAQ:QUMU) will announce ($0.13) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Qumu’s earnings. Qumu posted earnings per share of ($0.11) during the same quarter last year, which would suggest a negative year over year growth rate of 18.2%. The company is expected to announce its next quarterly earnings results after the market closes on Tuesday, October 27th.
On average, analysts expect that Qumu will report full-year earnings of ($0.49) per share for the current year. For the next financial year, analysts anticipate that the company will report earnings of ($0.20) per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Qumu.
Qumu (NASDAQ:QUMU) last issued its earnings results on Tuesday, July 28th. The technology company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). Qumu had a negative return on equity of 73.98% and a negative net margin of 18.47%. The firm had revenue of $9.33 million for the quarter.
QUMU has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Qumu from a “hold” rating to a “sell” rating in a research note on Wednesday, August 5th. Craig Hallum boosted their price target on shares of Qumu from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th.
Several institutional investors have recently added to or reduced their stakes in QUMU. Fondren Management LP purchased a new stake in shares of Qumu in the 1st quarter valued at approximately $1,403,000. Raffles Associates LP purchased a new stake in Qumu during the 1st quarter worth approximately $166,000. Wedge Capital Management L L P NC purchased a new stake in Qumu during the 3rd quarter worth approximately $175,000. Ancora Advisors LLC purchased a new stake in Qumu during the 2nd quarter worth approximately $126,000. Finally, BlackRock Inc. increased its stake in Qumu by 2.5% during the 1st quarter. BlackRock Inc. now owns 301,280 shares of the technology company’s stock worth $499,000 after buying an additional 7,403 shares during the period. 30.39% of the stock is currently owned by institutional investors and hedge funds.
QUMU stock traded down $0.05 during trading on Tuesday, reaching $4.34. 58,426 shares of the stock were exchanged, compared to its average volume of 170,298. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average price of $5.05 and a 200-day moving average price of $3.71. Qumu has a 1 year low of $1.25 and a 1 year high of $6.29. The firm has a market capitalization of $58.69 million, a price-to-earnings ratio of -7.89 and a beta of 1.20.
Qumu Corporation provides tools to create, manage, secure, distribute, and deliver live and on-demand video content for the enterprises. It offers an end-to-end video creation, management, and delivery solution through the sale of software licenses and hardware, software on server appliance, software-enabled devices, and a cloud-hosted software-as-a-service platform.
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