Immersion (IMMR) to Release Earnings on Wednesday

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

Immersion Trading Up 3.4%

Immersion stock traded up $0.25 during mid-day trading on Monday, hitting $7.53. The company's stock had a trading volume of 225,617 shares, compared to its average volume of 448,482. The firm has a market capitalization of $243.78 million, a PE ratio of 2.69 and a beta of 1.40. Immersion has a 1 year low of $6.47 and a 1 year high of $13.94. The company has a current ratio of 1.65, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. The stock's fifty day moving average is $7.36 and its two-hundred day moving average is $8.20.

Immersion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 14th were paid a $0.045 dividend. The ex-dividend date was Monday, April 14th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.39%. Immersion's payout ratio is presently 6.47%.

Insider Activity at Immersion

In other news, insider William C. Martin bought 27,150 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were acquired at an average price of $7.55 per share, for a total transaction of $204,982.50. Following the completion of the transaction, the insider now owns 1,450,693 shares of the company's stock, valued at approximately $10,952,732.15. This trade represents a 1.91% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Toro 18 Holdings Llc bought 59,146 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $8.49 per share, for a total transaction of $502,149.54. Following the transaction, the director now directly owns 11,065,848 shares of the company's stock, valued at approximately $93,949,049.52. This represents a 0.54% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 128,934 shares of company stock worth $1,027,343. Company insiders own 5.50% of the company's stock.

Analysts Set New Price Targets

IMMR has been the subject of a number of research reports. BWS Financial reaffirmed a "buy" rating and issued a $13.50 price objective on shares of Immersion in a research note on Thursday, March 13th. Craig Hallum dropped their price objective on Immersion from $14.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, March 13th.

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.