Immersion (IMMR) Projected to Post Quarterly Earnings on Wednesday

Immersion (NASDAQ:IMMR - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Wednesday, May 14th. Analysts expect the company to announce earnings of $0.08 per share for the quarter.

Immersion (NASDAQ:IMMR - Get Free Report) last released its earnings results on Wednesday, March 12th. The software maker reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.33. Immersion had a return on equity of 28.08% and a net margin of 11.79%. The company had revenue of $474.76 million during the quarter, compared to analyst estimates of $9.45 million.

Immersion Price Performance

IMMR opened at $7.11 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 0.94. The stock's 50 day simple moving average is $7.39 and its 200 day simple moving average is $8.22. The firm has a market cap of $230.34 million, a price-to-earnings ratio of 2.54 and a beta of 1.40. Immersion has a 1 year low of $6.47 and a 1 year high of $13.94.

Immersion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 14th were issued a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Monday, April 14th. Immersion's dividend payout ratio is 6.47%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. BWS Financial reissued a "buy" rating and issued a $13.50 price target on shares of Immersion in a report on Thursday, March 13th. Craig Hallum reduced their price target on Immersion from $14.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, March 13th.

Insider Buying and Selling at Immersion

In other news, CEO Eric Singer bought 42,638 shares of Immersion stock in a transaction on Thursday, March 20th. The shares were purchased at an average price of $7.51 per share, for a total transaction of $320,211.38. Following the acquisition, the chief executive officer now owns 2,161,866 shares of the company's stock, valued at approximately $16,235,613.66. The trade was a 2.01 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider William C. Martin bought 27,150 shares of the stock in a transaction dated Thursday, March 20th. The stock was purchased at an average price of $7.55 per share, with a total value of $204,982.50. Following the purchase, the insider now owns 1,450,693 shares in the company, valued at $10,952,732.15. This trade represents a 1.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 128,934 shares of company stock valued at $1,027,343. 5.50% of the stock is currently owned by company insiders.

Immersion Company Profile

Immersion Corporation, together with its subsidiaries, engages in the creation, design, development, and licensing of haptic technologies that allow people to use their sense of touch to engage with and experience various digital products in North America, Europe, and Asia. The company provides technology, patent, and combined licenses.

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