Vecima Networks (VCM) Scheduled to Post Quarterly Earnings on Thursday

Vecima Networks (TSE:VCM) is set to post its quarterly earnings results before the market opens on Thursday, November 14th. Analysts expect Vecima Networks to post earnings of C$0.28 per share for the quarter.

Vecima Networks (TSE:VCM) last posted its quarterly earnings results on Thursday, September 19th. The company reported C$0.34 earnings per share for the quarter, missing the consensus estimate of C$0.47 by C($0.13). Vecima Networks had a return on equity of 8.57% and a net margin of 6.66%. The company had revenue of C$87.48 million during the quarter, compared to analysts’ expectations of C$92.93 million.

Vecima Networks Stock Performance

Shares of VCM opened at C$18.89 on Tuesday. The business’s fifty day simple moving average is C$20.47 and its two-hundred day simple moving average is C$20.79. The company has a current ratio of 1.64, a quick ratio of 0.83 and a debt-to-equity ratio of 29.61. Vecima Networks has a 12 month low of C$14.50 and a 12 month high of C$23.01. The company has a market cap of C$459.22 million, a price-to-earnings ratio of 23.71 and a beta of 0.63.

Vecima Networks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, October 11th were paid a $0.055 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.16%. Vecima Networks’s dividend payout ratio (DPR) is currently 27.50%.

Insider Buying and Selling

In other Vecima Networks news, Senior Officer Richard Dean Rockwell sold 2,000 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$20.58, for a total transaction of C$41,160.00. 57.14% of the stock is owned by insiders.

About Vecima Networks

Vecima Networks Inc engages in the development of integrated hardware and software solutions for broadband access, content delivery, and telematics. The company operates through three segments: Video and Broadband Solutions, Content Delivery and Storage, and Telematics. The Video and Broadband Solutions segment offers platforms that process data from the cable network and deliver high-speed internet connectivity to homes over cable and fiber, as well as adapt video services.