CSP (CSPI) Set to Announce Quarterly Earnings on Wednesday

CSP (NASDAQ:CSPI) will be issuing its quarterly earnings data before the market opens on Wednesday, May 8th. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

CSP (NASDAQ:CSPI) last announced its quarterly earnings data on Wednesday, February 14th. The information technology services provider reported ($0.01) earnings per share for the quarter. The business had revenue of $15.38 million during the quarter. CSP had a return on equity of 8.76% and a net margin of 6.33%.

CSP Stock Up 3.2 %

CSPI traded up $0.41 during midday trading on Monday, hitting $13.32. 17,984 shares of the company traded hands, compared to its average volume of 153,588. The company’s 50-day moving average is $18.62 and its 200 day moving average is $14.02. The firm has a market capitalization of $129.34 million, a PE ratio of 29.68 and a beta of 1.30. CSP has a 52 week low of $4.91 and a 52 week high of $29.92.

CSP Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Monday, February 26th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Friday, February 23rd. CSP’s payout ratio is 22.99%.

Insiders Place Their Bets

In other CSP news, insider Joseph R. Nerges acquired 1,940 shares of the stock in a transaction dated Monday, March 11th. The stock was purchased at an average price of $17.97 per share, with a total value of $34,852.10. Following the transaction, the insider now directly owns 1,335,366 shares of the company’s stock, valued at $23,989,850.19. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have purchased 3,140 shares of company stock valued at $57,400 in the last ninety days. Company insiders own 15.30% of the company’s stock.

Analyst Upgrades and Downgrades

CSPI has been the subject of a number of recent research reports. TheStreet lowered CSP from a “b-” rating to a “c” rating in a research note on Thursday, February 15th. StockNews.com cut shares of CSP from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th.

CSP Company Profile

CSP Inc develops and markets IT integration solutions, security products, managed IT services, cloud services, purpose-built network adapters, and cluster computer systems for commercial and defense customers worldwide. It operates in two segments, Technology Solutions and High Performance Products. The Technology Solutions segment provides third-party computer hardware and software as a value-added reseller to various customers in web and infrastructure hosting, education, telecommunications, healthcare services, distribution, financial and professional services, and manufacturing industries.