Zacks: Brokerages Expect Ooma Inc (NYSE:OOMA) Will Announce Earnings of -$0.07 Per Share

Equities research analysts expect Ooma Inc (NYSE:OOMA) to post earnings of ($0.07) per share for the current quarter, according to Zacks. Three analysts have made estimates for Ooma’s earnings, with estimates ranging from ($0.07) to ($0.06). Ooma posted earnings of ($0.05) per share in the same quarter last year, which would indicate a negative year over year growth rate of 40%. The business is expected to report its next earnings report after the market closes on Tuesday, August 27th.

According to Zacks, analysts expect that Ooma will report full year earnings of ($0.22) per share for the current fiscal year, with EPS estimates ranging from ($0.24) to ($0.20). For the next year, analysts expect that the firm will report earnings of ($0.12) per share, with EPS estimates ranging from ($0.18) to ($0.06). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Ooma.

Ooma (NYSE:OOMA) last released its quarterly earnings results on Tuesday, May 21st. The technology company reported ($0.19) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.01. Ooma had a negative return on equity of 42.73% and a negative net margin of 11.75%. The firm had revenue of $34.01 million for the quarter, compared to analyst estimates of $33.64 million.

OOMA has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Ooma from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded shares of Ooma from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Finally, Northland Securities restated a “buy” rating and issued a $18.00 price objective on shares of Ooma in a research report on Wednesday, May 22nd. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $18.88.

In other news, VP James A. Gustke sold 2,267 shares of Ooma stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of $11.46, for a total transaction of $25,979.82. Following the completion of the sale, the vice president now directly owns 125,478 shares in the company, valued at approximately $1,437,977.88. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Eric B. Stang sold 4,267 shares of Ooma stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $12.00, for a total transaction of $51,204.00. Following the sale, the chief executive officer now owns 362,500 shares of the company’s stock, valued at $4,350,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,628 shares of company stock valued at $284,541. 10.19% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Rhumbline Advisers lifted its position in shares of Ooma by 4.5% during the 1st quarter. Rhumbline Advisers now owns 24,468 shares of the technology company’s stock valued at $324,000 after acquiring an additional 1,054 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of Ooma during the 1st quarter valued at approximately $28,000. Charles Schwab Investment Management Inc. lifted its position in shares of Ooma by 7.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 45,756 shares of the technology company’s stock valued at $480,000 after acquiring an additional 2,976 shares during the period. Strs Ohio lifted its position in shares of Ooma by 7.4% during the 2nd quarter. Strs Ohio now owns 43,400 shares of the technology company’s stock valued at $454,000 after acquiring an additional 3,000 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Ooma by 1.6% during the 2nd quarter. Northern Trust Corp now owns 222,539 shares of the technology company’s stock valued at $2,332,000 after acquiring an additional 3,546 shares during the period. Institutional investors own 79.70% of the company’s stock.

NYSE:OOMA traded down $0.49 during mid-day trading on Monday, reaching $11.82. The stock had a trading volume of 97,203 shares, compared to its average volume of 64,984. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.06 and a current ratio of 1.30. The firm has a market capitalization of $240.95 million, a price-to-earnings ratio of -17.13 and a beta of 0.88. Ooma has a twelve month low of $9.85 and a twelve month high of $17.50. The business has a 50 day simple moving average of $11.74 and a 200 day simple moving average of $13.15.

About Ooma

Ooma, Inc creates connected experiences for businesses and consumers in the United States, Canada, and internationally. The company's smart cloud-based SaaS platform serves as a communications hub, which offers cloud-based communications solutions, smart security, and other connected services. Its business and residential solutions deliver PureVoice high-definition voice quality, advanced functionality, and integration with mobile devices; and platform helps to create smart workplace and homes by offering communications, monitoring, security, automation, productivity, and networking infrastructure applications.

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