$0.24 EPS Expected for Casa Systems Inc (CASA) This Quarter

Equities research analysts expect Casa Systems Inc (NASDAQ:CASA) to post earnings per share (EPS) of $0.24 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Casa Systems’ earnings. The lowest EPS estimate is $0.22 and the highest is $0.25. The firm is expected to announce its next earnings results on Thursday, August 9th.

On average, analysts expect that Casa Systems will report full-year earnings of $1.16 per share for the current financial year, with EPS estimates ranging from $1.11 to $1.21. For the next year, analysts expect that the firm will post earnings of $1.37 per share, with EPS estimates ranging from $1.27 to $1.50. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Casa Systems.

Casa Systems (NASDAQ:CASA) last announced its quarterly earnings results on Thursday, May 10th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.03). The firm had revenue of $89.10 million during the quarter, compared to analyst estimates of $88.50 million.



A number of research firms have recently commented on CASA. Stifel Nicolaus increased their price objective on Casa Systems from $23.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, March 7th. Morgan Stanley reissued an “equal weight” rating and issued a $23.00 target price (up from $21.00) on shares of Casa Systems in a research report on Wednesday, March 7th. Zacks Investment Research raised Casa Systems from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Tuesday, March 13th. ValuEngine cut Casa Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, March 14th. Finally, Barclays reaffirmed an “equal weight” rating and set a $25.00 price objective (up from $21.00) on shares of Casa Systems in a research report on Wednesday, March 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $26.29.

In other Casa Systems news, CEO Jerry Guo sold 1,402,905 shares of the firm’s stock in a transaction on Monday, April 30th. The stock was sold at an average price of $23.89, for a total transaction of $33,515,400.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Lucy Xie sold 266,381 shares of the firm’s stock in a transaction on Monday, April 30th. The stock was sold at an average price of $23.89, for a total value of $6,363,842.09. The disclosure for this sale can be found here. Insiders sold a total of 7,225,398 shares of company stock valued at $177,851,205 over the last ninety days. 65.20% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Summit Partners L P purchased a new stake in shares of Casa Systems in the fourth quarter valued at $689,834,000. BlackRock Inc. acquired a new position in Casa Systems in the first quarter valued at $42,491,000. Clearbridge Investments LLC acquired a new position in Casa Systems in the fourth quarter valued at $14,491,000. Penserra Capital Management LLC acquired a new position in Casa Systems in the first quarter valued at $10,020,000. Finally, Maple Rock Capital Partners Inc. acquired a new position in Casa Systems in the fourth quarter valued at $4,440,000. 54.38% of the stock is owned by institutional investors.

Casa Systems traded down $0.68, hitting $17.82, during trading hours on Tuesday, according to MarketBeat. 5,037,598 shares of the company were exchanged, compared to its average volume of 879,759. The company has a debt-to-equity ratio of 4.11, a current ratio of 5.29 and a quick ratio of 4.93. Casa Systems has a 52-week low of $13.25 and a 52-week high of $34.21. The company has a market cap of $1.47 billion and a price-to-earnings ratio of 22.56.

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 software-centric infrastructure solutions that allow cable service providers to deliver voice, video, and data services over a single platform at multi-gigabit speeds.

Get a free copy of the Zacks research report on Casa Systems (CASA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Casa Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casa Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply