Immersion (NASDAQ:IMMR) Issues Quarterly Earnings Results, Beats Expectations By $0.68 EPS

Immersion (NASDAQ:IMMR) issued its quarterly earnings data on Monday. The software maker reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.68, Zacks reports. Immersion had a net margin of 40.62% and a return on equity of 27.05%.

Immersion Price Performance

NASDAQ IMMR opened at $9.79 on Wednesday. Immersion has a 1-year low of $6.54 and a 1-year high of $13.94. The business’s fifty day moving average price is $8.72 and its 200-day moving average price is $9.58. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.55 and a quick ratio of 0.72. The stock has a market capitalization of $315.98 million, a price-to-earnings ratio of 4.78 and a beta of 1.51.

Immersion Dividend Announcement

The business also recently disclosed a None dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued a dividend of $0.245 per share. The ex-dividend date is Friday, January 10th. Immersion’s payout ratio is 8.78%.

Wall Street Analyst Weigh In

IMMR has been the topic of a number of research analyst reports. BWS Financial upped their target price on Immersion from $11.00 to $13.50 and gave the stock a “buy” rating in a report on Monday, August 26th. StockNews.com upgraded shares of Immersion from a “hold” rating to a “buy” rating in a research note on Thursday, August 29th.

About Immersion

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.