$0.11 Earnings Per Share Expected for Casa Systems Inc (NASDAQ:CASA) This Quarter

Equities research analysts expect Casa Systems Inc (NASDAQ:CASA) to post earnings per share of $0.11 for the current quarter, according to Zacks. Four analysts have made estimates for Casa Systems’ earnings, with the lowest EPS estimate coming in at $0.09 and the highest estimate coming in at $0.12. Casa Systems reported earnings per share of $0.22 in the same quarter last year, which indicates a negative year over year growth rate of 50%. The company is expected to issue its next quarterly earnings results on Wednesday, November 6th.

On average, analysts expect that Casa Systems will report full year earnings of $0.25 per share for the current fiscal year, with EPS estimates ranging from $0.21 to $0.28. For the next financial year, analysts anticipate that the business will report earnings of $0.42 per share, with EPS estimates ranging from $0.25 to $0.54. Zacks’ EPS averages are an average based on a survey of research analysts that cover Casa Systems.

Casa Systems (NASDAQ:CASA) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.15. The firm had revenue of $52.10 million for the quarter, compared to analysts’ expectations of $49.59 million. Casa Systems had a net margin of 8.71% and a return on equity of 32.03%. The firm’s revenue was down 24.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.24 EPS.

CASA has been the topic of a number of recent research reports. Raymond James lowered shares of Casa Systems from a “market perform” rating to an “underperform” rating in a report on Tuesday, July 30th. Morgan Stanley reduced their target price on shares of Casa Systems from $11.00 to $7.00 and set an “equal weight” rating on the stock in a report on Thursday, July 11th. Zacks Investment Research upgraded shares of Casa Systems from a “hold” rating to a “buy” rating and set a $7.50 target price on the stock in a report on Tuesday, July 16th. Finally, ValuEngine upgraded shares of Casa Systems from a “sell” rating to a “hold” rating in a report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $13.94.

NASDAQ:CASA traded up $0.25 on Tuesday, reaching $7.50. The stock had a trading volume of 21,276 shares, compared to its average volume of 339,459. The stock has a market cap of $616.15 million, a P/E ratio of 9.31 and a beta of 0.76. The company has a current ratio of 5.12, a quick ratio of 4.23 and a debt-to-equity ratio of 4.47. The stock’s fifty day simple moving average is $6.55. Casa Systems has a 12-month low of $5.46 and a 12-month high of $16.75.

A number of large investors have recently added to or reduced their stakes in CASA. Royce & Associates LP lifted its holdings in shares of Casa Systems by 144.8% during the 1st quarter. Royce & Associates LP now owns 4,871 shares of the company’s stock worth $40,000 after acquiring an additional 2,881 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of Casa Systems by 609.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,213 shares of the company’s stock worth $52,000 after acquiring an additional 5,337 shares during the period. Great West Life Assurance Co. Can purchased a new position in shares of Casa Systems during the 4th quarter worth about $79,000. Marshall Wace North America L.P. purchased a new position in shares of Casa Systems during the 1st quarter worth about $75,000. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in shares of Casa Systems by 356.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,129 shares of the company’s stock worth $120,000 after acquiring an additional 7,130 shares during the period. Institutional investors own 67.32% of the company’s stock.

About Casa Systems

Casa Systems, Inc provides software-centric broadband products in North America, Latin America, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers solutions that allow cable service providers to deliver voice, video, and data services over a single platform at multi-gigabit speeds.

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