ClearOne, Inc. (NASDAQ:CLRO) – Equities researchers at B. Riley dropped their Q4 2017 earnings per share estimates for ClearOne in a report released on Thursday. B. Riley analyst K. Anderson now forecasts that the communications equipment provider will post earnings per share of $0.04 for the quarter, down from their prior estimate of $0.05. B. Riley has a “Buy” rating and a $8.50 price target on the stock. B. Riley also issued estimates for ClearOne’s Q2 2018 earnings at $0.08 EPS, Q3 2018 earnings at $0.10 EPS, Q4 2018 earnings at $0.13 EPS and FY2018 earnings at $0.36 EPS.
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Separately, ValuEngine upgraded ClearOne from a “sell” rating to a “hold” rating in a report on Friday, September 1st.
Shares of ClearOne (CLRO) opened at $6.70 on Monday. The firm has a market capitalization of $56.50, a P/E ratio of 223.33 and a beta of 1.36. ClearOne has a fifty-two week low of $6.70 and a fifty-two week high of $12.60.
In other news, major shareholder Edward D. Bagley purchased 19,604 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were acquired at an average price of $7.65 per share, for a total transaction of $149,970.60. Following the acquisition, the insider now directly owns 1,885,816 shares in the company, valued at approximately $14,426,492.40. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder E Bryan Bagley purchased 45,448 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average price of $6.79 per share, for a total transaction of $308,591.92. Following the acquisition, the insider now owns 38,602 shares in the company, valued at $262,107.58. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 194,912 shares of company stock worth $1,444,630. Insiders own 9.45% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Wednesday, November 22nd will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date is Tuesday, November 21st. ClearOne’s dividend payout ratio is currently -20.74%.
ClearOne, Inc (ClearOne) is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The Company designs, develops, markets and services a line of conferencing products for personal use, as well as traditional tabletop, mid-tier professional products for large, medium and small businesses.
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