Adeia (ADEA) to Release Earnings on Tuesday

Adeia (NASDAQ:ADEA) is expected to announce its earnings results 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. Investors interested in participating in the company’s conference call can do so using this link.

Adeia Trading Up 2.5 %

Shares of ADEA stock opened at $13.01 on Tuesday. Adeia has a 1-year low of $9.68 and a 1-year high of $14.75. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 36.14 and a beta of 1.37. The company has a debt-to-equity ratio of 1.32, a current ratio of 3.42 and a quick ratio of 3.42. The stock has a 50 day simple moving average of $13.40 and a 200-day simple moving average of $12.43.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. BWS Financial restated a “buy” rating and set a $16.00 price objective on shares of Adeia in a research report on Monday, January 13th. Rosenblatt Securities upped their price target on shares of Adeia from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th.

Adeia Company Profile

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.