B. Riley Has Bullish Estimate for Spok FY2025 Earnings

Key Points

• B. Riley has raised its FY2025 earnings per share (EPS) estimate for Spok Holdings, Inc. to $0.86, up from a previous estimate of $0.82, while maintaining a "Strong-Buy" rating on the stock.
• Spok recently reported quarterly earnings of $0.22 EPS, exceeding analyst expectations of $0.18, and achieved revenue of $35.69 million against estimates of $35.00 million.
• The company announced a quarterly dividend of $0.3125 per share, translating to a 6.8% annual dividend yield, with an ex-dividend date set for August 19th.

Spok Holdings, Inc. (NASDAQ:SPOK - Free Report) - Investment analysts at B. Riley lifted their FY2025 earnings per share estimates for shares of Spok in a research report issued on Wednesday, July 30th. B. Riley analyst A. Schock now expects that the Wireless communications provider will earn $0.86 per share for the year, up from their previous estimate of $0.82. B. Riley has a "Strong-Buy" rating on the stock. The consensus estimate for Spok's current full-year earnings is $0.76 per share. B. Riley also issued estimates for Spok's FY2026 earnings at $0.81 EPS.

Spok (NASDAQ:SPOK - Get Free Report) last issued its earnings results on Wednesday, July 30th. The Wireless communications provider reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. Spok had a return on equity of 11.11% and a net margin of 12.12%. The business had revenue of $35.69 million for the quarter, compared to analyst estimates of $35.00 million.

Separately, Wall Street Zen upgraded Spok from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 10th.

Spok Stock Down 1.2%

SPOK traded down $0.22 during trading on Friday, hitting $18.37. 81,774 shares of the stock were exchanged, compared to its average volume of 126,333. The firm has a market capitalization of $377.77 million, a P/E ratio of 22.13 and a beta of 0.57. Spok has a 1-year low of $13.55 and a 1-year high of $19.31. The stock has a fifty day moving average price of $17.17 and a two-hundred day moving average price of $16.48.

Institutional Investors Weigh In On Spok

A number of large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. acquired a new stake in Spok during the fourth quarter valued at approximately $494,000. Bank of America Corp DE raised its stake in Spok by 37.3% during the fourth quarter. Bank of America Corp DE now owns 26,978 shares of the Wireless communications provider's stock valued at $433,000 after buying an additional 7,332 shares in the last quarter. GAMMA Investing LLC raised its stake in Spok by 2,378.4% during the first quarter. GAMMA Investing LLC now owns 9,864 shares of the Wireless communications provider's stock valued at $162,000 after buying an additional 9,466 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Spok during the fourth quarter valued at approximately $196,000. Finally, Millennium Management LLC raised its stake in Spok by 37.9% during the fourth quarter. Millennium Management LLC now owns 52,929 shares of the Wireless communications provider's stock valued at $850,000 after buying an additional 14,552 shares in the last quarter. Institutional investors and hedge funds own 50.81% of the company's stock.

Insider Buying and Selling

In related news, COO Michael W. Wallace sold 6,000 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $16.53, for a total value of $99,180.00. Following the completion of the transaction, the chief operating officer directly owned 61,175 shares in the company, valued at approximately $1,011,222.75. This represents a 8.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 7.37% of the company's stock.

Spok Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Tuesday, August 19th will be paid a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 6.8%. The ex-dividend date is Tuesday, August 19th. Spok's dividend payout ratio is presently 150.60%.

Spok Company Profile

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company's products and services enhance workflows for clinicians and support administrative compliance. It delivers clinical information to care teams when and where it matters to enhance patient outcomes; and provides GenA Pager, a one-way alphanumeric pager.