Adeia (NASDAQ:ADEA) Issues Quarterly Earnings Results

Adeia (NASDAQ:ADEA - Get Free Report) announced its earnings results on Monday. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.06), Zacks reports. The firm had revenue of $87.67 million for the quarter, compared to analyst estimates of $88.96 million. Adeia had a net margin of 17.19% and a return on equity of 32.81%. Adeia updated its FY 2025 guidance to EPS.

Adeia Stock Down 0.4 %

ADEA traded down $0.05 on Friday, hitting $13.46. The company had a trading volume of 58,535 shares, compared to its average volume of 536,189. The stock has a fifty day moving average price of $12.97 and a 200-day moving average price of $13.19. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.53 and a current ratio of 3.53. Adeia has a 12-month low of $9.68 and a 12-month high of $17.46. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 23.61 and a beta of 1.57.

Adeia Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Tuesday, May 27th. Adeia's payout ratio is 35.09%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ADEA shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $17.00 price objective on shares of Adeia in a research note on Tuesday. BWS Financial reaffirmed a "buy" rating and issued a $18.00 price objective on shares of Adeia in a research note on Tuesday. Finally, Maxim Group upped their target price on Adeia from $15.00 to $17.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th.

Adeia Company Profile

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.