Spok Holdings, Inc. Forecasted to Post Q3 2024 Earnings of $0.16 Per Share (NASDAQ:SPOK)

Spok Holdings, Inc. (NASDAQ:SPOK) – Equities research analysts at B. Riley issued their Q3 2024 earnings per share estimates for shares of Spok in a note issued to investors on Wednesday, September 25th. B. Riley analyst K. Bauser expects that the Wireless communications provider will post earnings of $0.16 per share for the quarter. 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 Q4 2024 earnings at $0.20 EPS, FY2024 earnings at $0.74 EPS, Q1 2025 earnings at $0.22 EPS, Q2 2025 earnings at $0.22 EPS, Q3 2025 earnings at $0.22 EPS, Q4 2025 earnings at $0.22 EPS and FY2025 earnings at $0.87 EPS.

Spok (NASDAQ:SPOK) last released its quarterly 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 business had revenue of $33.98 million during the quarter.

Separately, StockNews.com cut Spok from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th.

Spok Stock Down 1.6 %

NASDAQ:SPOK opened at $14.82 on Monday. The stock has a market capitalization of $300.05 million, a price-to-earnings ratio of 17.86 and a beta of 0.33. Spok has a 52 week low of $13.24 and a 52 week high of $18.14. The firm has a 50 day moving average of $15.02 and a 200 day moving average of $15.21.

Spok Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Monday, August 19th were paid a dividend of $0.313 per share. The ex-dividend date was Monday, August 19th. This represents a $1.25 annualized dividend and a dividend yield of 8.45%. Spok’s payout ratio is currently 150.60%.

Insider Activity

In other Spok news, COO Michael W. Wallace sold 25,000 shares of Spok stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $14.80, for a total transaction of $370,000.00. Following the completion of the sale, the chief operating officer now owns 49,465 shares of the company’s stock, valued at approximately $732,082. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Spok news, CEO Vincent D. Kelly sold 45,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $2,990,395.35. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 sale, the chief operating officer now directly owns 49,465 shares in the company, valued at $732,082. The disclosure for this sale can be found here. Corporate insiders own 11.88% of the company’s stock.

Institutional Trading of Spok

A number of hedge funds have recently modified their holdings of SPOK. Gladius Capital Management LP acquired a new position in Spok in the second quarter valued at approximately $112,000. Tucker Asset Management LLC purchased a new stake in Spok during the fourth quarter worth $126,000. BNP Paribas Financial Markets grew 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 buying an additional 3,884 shares during the period. Principal Financial Group Inc. acquired a new stake in Spok during the first quarter valued at $170,000. Finally, Redhawk Wealth Advisors Inc. purchased a new position in Spok in the second quarter valued at $196,000. Hedge funds and other institutional investors own 50.81% of the company’s stock.

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.