Adeia (ADEA) to Release Quarterly Earnings on Tuesday

Adeia (NASDAQ:ADEA) is expected to issue its quarterly earnings data after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.42 per share and revenue of $114.22 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Adeia Trading Up 2.5 %

ADEA opened at $13.01 on Tuesday. The company has a current ratio of 3.42, a quick ratio of 3.42 and a debt-to-equity ratio of 1.32. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 36.14 and a beta of 1.37. Adeia has a 12 month low of $9.68 and a 12 month high of $14.75. The stock has a fifty day moving average price of $13.40 and a 200-day moving average price of $12.43.

Wall Street Analysts Forecast Growth

ADEA has been the subject of several analyst reports. Rosenblatt Securities increased their price target on shares of Adeia from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. BWS Financial restated a “buy” rating and issued a $16.00 target price on shares of Adeia in a research note on Monday, January 13th.

About Adeia

Adeia Inc, together with its subsidiaries, operates as a media and semiconductor intellectual property licensing company in the United States, Canada, Asia, Europe, the Middle East, and internationally. The company licenses its patent portfolios across various markets, including multichannel video programming distributors comprising cable, satellite, and telecommunications television providers that aggregate and distribute linear content over networks, as well as television providers that aggregate and stream linear content over broadband networks; over-the-top video service providers and social media companies, such as subscription video-on-demand and advertising-supported streaming service providers, as well as content providers, networks, and media companies.