CalAmp (CAMP) Estimates Bumped at Northland Capital Markets Post Q3

Northland Capital Markets analyst Michael Latimore reiterated an Outperform rating and $28 price target on CalAmp Corp. (NASDAQ: CAMP) following Q3 results while bumping estimates.

Latimore is increasing FY15 EPS to $0.92 from $0.90. At he same time he is tweaking FY15 and FY16 revs lower for continued insurance and DSO trends.

"Caterpillar outperformed in quarter, and core businesses performed as expected," he notes. "3Q rev of $63.2 mil was in line and $0.25 EPS beat by $0.03. Guided 4Q EPS in line and revs $3 mil light at mid point."

For an analyst ratings summary and ratings history on CalAmp Corp. click here. For more ratings news on CalAmp Corp. click here.

Shares of CalAmp Corp. closed at $19.72 yesterday.

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