Spok (NASDAQ:SPOK) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Spok (NASDAQ:SPOK) released its quarterly earnings results on Wednesday. The Wireless communications provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02), Zacks reports. The company had revenue of $33.89 million for the quarter, compared to analyst estimates of $35.50 million. Spok had a return on equity of 9.20% and a net margin of 10.66%. Spok updated its FY 2025 guidance to EPS.

Spok Stock Up 2.4 %

Shares of SPOK stock opened at $16.94 on Friday. Spok has a 52 week low of $13.24 and a 52 week high of $18.14. The stock has a market capitalization of $343.41 million, a PE ratio of 23.21 and a beta of 0.33. The firm has a 50 day moving average of $16.21 and a two-hundred day moving average of $15.76.

Spok Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.3125 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.25 annualized dividend and a yield of 7.38%. Spok’s dividend payout ratio is presently 168.92%.

Analysts Set New Price Targets

Separately, B. Riley raised shares of Spok from a “neutral” rating to a “buy” rating and increased their price target for the company from $15.00 to $20.00 in a research note on Thursday.

About Spok

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.