Adeia (ADEA) to Release Earnings on Tuesday

Adeia (NASDAQ:ADEA) is set to announce its earnings results after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Adeia (NASDAQ:ADEA) last released its earnings results on Monday, May 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. The company had revenue of $83.41 million during the quarter, compared to analyst estimates of $83.55 million. Adeia had a return on equity of 33.89% and a net margin of 11.06%.

Adeia Stock Performance

Shares of Adeia stock opened at $10.51 on Monday. The business’s fifty day simple moving average is $11.35 and its 200 day simple moving average is $11.27. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.46. Adeia has a 12 month low of $8.11 and a 12 month high of $13.39. The firm has a market capitalization of $1.14 billion, a P/E ratio of 30.91 and a beta of 1.47.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ADEA shares. BWS Financial reissued a “buy” rating and issued a $16.00 price target on shares of Adeia in a report on Tuesday, July 16th. Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 target price on shares of Adeia in a research note on Thursday, June 20th.

About Adeia

Adeia Inc, together with its subsidiaries, operates as a media and semiconductor intellectual property licensing company in the United States, Canada, Asia, Europe, the Middle East, and internationally. The company licenses its patent portfolios across various markets, including multichannel video programming distributors comprising cable, satellite, and telecommunications television providers that aggregate and distribute linear content over networks, as well as television providers that aggregate and stream linear content over broadband networks; over-the-top video service providers and social media companies, such as subscription video-on-demand and advertising-supported streaming service providers, as well as content providers, networks, and media companies.