PCTEL (PCTI) Stock Forecast, Price & News

PCTEL's stock was trading at $4.30 at the beginning of the year. Since then, PCTI stock has decreased by 2.3% and is now trading at $4.20.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our PCTI earnings forecast.

PCTEL, Inc. (NASDAQ:PCTI) released its quarterly earnings data on Tuesday, August, 8th. The Wireless communications provider reported $0.05 EPS for the quarter. The Wireless communications provider earned $20.58 million during the quarter. PCTEL had a net margin of 6.65% and a trailing twelve-month return on equity of 10.60%.

PCTEL declared a quarterly dividend on Friday, July 21st. Shareholders of record on Tuesday, August 8th will be paid a dividend of $0.055 per share on Tuesday, August 15th. This represents a $0.22 annualized dividend and a dividend yield of 5.24%. The ex-dividend date of this dividend is Monday, August 7th.
Read our dividend analysis for PCTI.

PCTEL (NASDAQ:PCTI) pays an annual dividend of $0.22 per share and currently has a dividend yield of 5.24%. PCTI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 64.71%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for PCTI.

PCTEL issued an update on its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided EPS guidance of $0.06-$0.07 for the period, compared to the consensus estimate of $0.07. The company issued revenue guidance of $20.00 million-$21.00 million, compared to the consensus revenue estimate of $22.60 million.

19 employees have rated PCTEL Chief Executive Officer David Neumann on Glassdoor.com. David Neumann has an approval rating of 81% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other PCTEL investors own include Alibaba Group (BABA), Inovio Pharmaceuticals (INO), Bilibili (BILI), Taiwan Semiconductor Manufacturing (TSM), Baozun (BZUN), Fortinet (FTNT), JD.com (JD), Nokia Oyj (NOK), QUALCOMM (QCOM) and Akoustis Technologies (AKTS).

PCTEL trades on the NASDAQ under the ticker symbol "PCTI."

PCTEL's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Royce & Associates LP (8.45%), Renaissance Technologies LLC (6.57%), Dimensional Fund Advisors LP (6.16%), BlackRock Inc. (2.19%), Foundry Partners LLC (1.17%) and Wealthspire Advisors LLC (0.57%). Insiders that own company stock include Arnt Arvik, David A Neumann and Sumeet Singh Paul.
View institutional ownership trends.

Shares of PCTI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of PCTI stock can currently be purchased for approximately $4.20.

PCTEL (NASDAQ:PCTI) has a market capitalization of $80.89 million and generates $99.43 million in revenue each year. The Wireless communications provider earns $2.87 million in net income (profit) each year or $0.34 on an earnings per share basis.

The company employs 213 workers across the globe.

PCTEL's mailing address is 471 Brighton Drive, Bloomingdale IL, 60108. The official website for the company is www.pctel.com. The Wireless communications provider can be reached via phone at (630) 372-6800, via email at investorrelations@pctel.com, or via fax at 630-372-8077.