pdvWireless, Inc. (NASDAQ:PDVW) – Research analysts at FBR & Co decreased their FY2017 EPS estimates for shares of pdvWireless in a research note issued on Wednesday. FBR & Co analyst D. Dixon now expects that the firm will post earnings of ($1.99) per share for the year, down from their prior estimate of ($1.84). FBR & Co currently has a “Buy” rating and a $43.00 price target on the stock. FBR & Co also issued estimates for pdvWireless’ Q4 2017 earnings at ($0.24) EPS and FY2018 earnings at ($1.02) EPS.
pdvWireless (NASDAQ:PDVW) last released its quarterly earnings data on Tuesday, February 7th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by $0.16. The firm had revenue of $1.34 million for the quarter, compared to the consensus estimate of $1.40 million. pdvWireless had a negative net margin of 714.04% and a negative return on equity of 12.74%. The business’s revenue for the quarter was up 42.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.36) earnings per share.
Shares of pdvWireless (NASDAQ:PDVW) opened at 20.15 on Friday. The stock’s 50 day moving average price is $23.12 and its 200-day moving average price is $23.23. The company’s market capitalization is $288.95 million. pdvWireless has a 52-week low of $18.60 and a 52-week high of $43.04.
A hedge fund recently raised its stake in pdvWireless stock. State Street Corp increased its stake in shares of pdvWireless, Inc. (NASDAQ:PDVW) by 2.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 187,409 shares of the company’s stock after buying an additional 3,737 shares during the period. State Street Corp owned approximately 1.31% of pdvWireless worth $4,226,000 at the end of the most recent reporting period. 95.36% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Thomas J. Sidman acquired 1,500 shares of pdvWireless stock in a transaction dated Thursday, December 1st. The stock was bought at an average cost of $23.17 per share, with a total value of $34,755.00. Following the completion of the transaction, the insider now directly owns 13,650 shares of the company’s stock, valued at $316,270.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 9.85% of the stock is owned by corporate insiders.
pdvWireless, Inc, formerly Pacific DataVision, Inc, is a wireless communications carrier and a provider of mobile workforce communication and location-based solutions. The Company’s solutions focus on enhancing the productivity of its customers’ field-based workers, and the efficiency of their dispatch and call center operations.
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