Brokerages expect Qumu Corp (NASDAQ:QUMU) to report ($0.14) earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Qumu’s earnings. Qumu posted earnings per share of $0.25 in the same quarter last year, which indicates a negative year-over-year growth rate of 156%. The company is expected to issue its next earnings report on Tuesday, October 29th.
On average, analysts expect that Qumu will report full year earnings of ($0.67) per share for the current fiscal year. For the next fiscal year, analysts forecast that the business will post earnings of ($0.45) per share. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Qumu.
A number of analysts have recently commented on QUMU shares. Zacks Investment Research cut Qumu from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. ValuEngine cut Qumu from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Dougherty & Co started coverage on Qumu in a research report on Wednesday, July 10th. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $3.00.
A hedge fund recently bought a new stake in Qumu stock. Acadian Asset Management LLC bought a new position in Qumu Corp (NASDAQ:QUMU) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 13,290 shares of the technology company’s stock, valued at approximately $55,000. Acadian Asset Management LLC owned about 0.14% of Qumu at the end of the most recent reporting period. Hedge funds and other institutional investors own 29.17% of the company’s stock.
Shares of QUMU traded down $0.22 during mid-day trading on Tuesday, reaching $3.02. The company had a trading volume of 37,800 shares, compared to its average volume of 40,066. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.68 and a quick ratio of 0.68. The stock’s 50-day moving average is $3.92. Qumu has a 52 week low of $1.85 and a 52 week high of $4.78. The stock has a market capitalization of $32.79 million, a P/E ratio of -3.15 and a beta of 0.24.
Qumu Corporation provides tools to create, manage, secure, distribute, and deliver live and on-demand video content for the enterprises. It offers an end-to-end video creation, management, and delivery solution through the sale of software licenses and hardware, software on server appliance, software-enabled devices, and a cloud-hosted software-as-a-service platform.
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