What is B. Riley’s Estimate for Spok FY2024 Earnings?

Spok Holdings, Inc. (NASDAQ:SPOK) – Stock analysts at B. Riley raised their FY2024 earnings per share estimates for Spok in a report issued on Thursday, October 31st. B. Riley analyst K. Bauser now expects that the Wireless communications provider will post earnings of $0.76 per share for the year, up from their prior estimate of $0.74. B. Riley has a “Hold” rating on the stock. The consensus estimate for Spok’s current full-year earnings is $0.76 per share. B. Riley also issued estimates for Spok’s Q1 2025 earnings at $0.21 EPS, Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.20 EPS, Q4 2025 earnings at $0.19 EPS and FY2025 earnings at $0.79 EPS.

Separately, StockNews.com upgraded shares of Spok from a “hold” rating to a “buy” rating in a report on Friday, October 25th.

Spok Price Performance

NASDAQ:SPOK opened at $15.49 on Friday. The business’s 50-day simple moving average is $14.96 and its 200-day simple moving average is $15.06. Spok has a fifty-two week low of $13.24 and a fifty-two week high of $18.14. The stock has a market capitalization of $313.83 million, a PE ratio of 21.22 and a beta of 0.32.

Spok Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.313 per share. This represents a $1.25 dividend on an annualized basis and a yield of 8.08%. The ex-dividend date is Monday, November 18th. Spok’s dividend payout ratio (DPR) is presently 171.23%.

Insider Buying and Selling at Spok

In other Spok news, CEO Vincent D. Kelly sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $14.83, for a total value of $667,350.00. Following the sale, the chief executive officer now owns 201,645 shares in the company, valued at approximately $2,990,395.35. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related 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 value of $370,000.00. Following the sale, the chief operating officer now owns 49,465 shares of the company’s stock, valued at approximately $732,082. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vincent D. Kelly sold 45,000 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $14.83, for a total value of $667,350.00. Following the sale, the chief executive officer now owns 201,645 shares in the company, valued at $2,990,395.35. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 10.51% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Hillsdale Investment Management Inc. bought a new position in shares of Spok in the first quarter valued at $3,759,000. Acadian Asset Management LLC increased its stake in shares of Spok by 58.9% during the 2nd quarter. Acadian Asset Management LLC now owns 321,157 shares of the Wireless communications provider’s stock worth $4,752,000 after purchasing an additional 119,102 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of Spok during the 1st quarter worth about $1,868,000. Sei Investments Co. bought a new stake in shares of Spok in the 2nd quarter valued at about $579,000. Finally, GSA Capital Partners LLP lifted its stake in Spok by 51.4% in the 1st quarter. GSA Capital Partners LLP now owns 104,258 shares of the Wireless communications provider’s stock valued at $1,663,000 after purchasing an additional 35,390 shares during the last quarter. Institutional investors and hedge funds own 50.81% of the company’s stock.

About Spok

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.