Jamf (JAMF) Scheduled to Post Earnings on Thursday

Jamf (NASDAQ:JAMF) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Jamf to post earnings of $0.17 per share for the quarter. Jamf has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Jamf (NASDAQ:JAMF) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. The business had revenue of $153.02 million for the quarter, compared to analysts’ expectations of $151.66 million. Jamf had a negative net margin of 14.95% and a negative return on equity of 1.97%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the business earned ($0.19) earnings per share. On average, analysts expect Jamf to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Jamf Trading Up 0.4 %

Shares of JAMF opened at $16.80 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.91 and a current ratio of 0.91. Jamf has a fifty-two week low of $14.68 and a fifty-two week high of $21.41. The firm has a 50 day moving average price of $17.41 and a 200-day moving average price of $17.45. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of -19.76, a PEG ratio of 8.76 and a beta of 0.41.

Insider Buying and Selling

In other Jamf news, insider Linh Lam sold 7,702 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $16.56, for a total value of $127,545.12. Following the completion of the transaction, the insider now directly owns 187,438 shares in the company, valued at approximately $3,103,973.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. The Goldman Sachs Group began coverage on shares of Jamf in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $21.00 price target for the company. JMP Securities restated a “market outperform” rating and set a $30.00 price target on shares of Jamf in a research report on Tuesday, October 1st. Canaccord Genuity Group lowered their price objective on Jamf from $24.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Needham & Company LLC restated a “buy” rating and issued a $25.00 target price on shares of Jamf in a report on Friday, October 4th. Finally, Morgan Stanley began coverage on shares of Jamf in a report on Monday, October 14th. They set an “equal weight” rating and a $20.00 price target for the company. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

About Jamf

Jamf Holding Corp. offers a cloud software platform for Apple infrastructure and security platform in the Americas, Europe, the Middle East, India, and Africa. Its products include Jamf Pro, an Apple ecosystem management software solution for IT environments; Jamf Now, a pay-as-you-go Apple device management software solution for small-to-medium-sized businesses; Jamf School, an apple mobile device management for schools; and Jamf Connect, a ZTNA solution that replaces legacy conditional access and VPN technology.