Brokers Offer Predictions for Clearfield, Inc.’s Q4 2024 Earnings (NASDAQ:CLFD)

Clearfield, Inc. (NASDAQ:CLFD) – Equities research analysts at Roth Capital lowered their Q4 2024 earnings per share estimates for Clearfield in a research note issued to investors on Wednesday, May 1st. Roth Capital analyst S. Searle now forecasts that the communications equipment provider will post earnings of $0.09 per share for the quarter, down from their previous estimate of $0.15. The consensus estimate for Clearfield’s current full-year earnings is ($1.03) per share. Roth Capital also issued estimates for Clearfield’s Q1 2025 earnings at $0.23 EPS and FY2025 earnings at $1.75 EPS.

Clearfield (NASDAQ:CLFD) last posted its earnings results on Thursday, May 2nd. The communications equipment provider reported ($0.40) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.53) by $0.13. Clearfield had a return on equity of 4.22% and a net margin of 6.00%. The firm had revenue of $36.90 million for the quarter, compared to analysts’ expectations of $31.25 million. During the same period in the previous year, the firm earned $0.67 earnings per share. The business’s revenue was down 43.1% compared to the same quarter last year.

Several other equities research analysts have also recently weighed in on CLFD. Needham & Company LLC upped their price target on Clearfield from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday. Roth Mkm reaffirmed a “buy” rating and issued a $47.00 price target on shares of Clearfield in a research note on Wednesday. Finally, Northland Securities raised Clearfield from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $25.00 to $40.00 in a research note on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $42.40.

Clearfield Stock Performance

CLFD opened at $36.13 on Thursday. Clearfield has a 52-week low of $22.91 and a 52-week high of $50.82. The stock has a market capitalization of $531.36 million, a PE ratio of 44.06 and a beta of 1.33. The stock’s 50 day moving average price is $29.81 and its 200-day moving average price is $28.09.

Institutional Investors Weigh In On Clearfield

A number of institutional investors have recently modified their holdings of CLFD. Principal Securities Inc. purchased a new stake in shares of Clearfield in the fourth quarter worth $25,000. Parkside Financial Bank & Trust lifted its holdings in shares of Clearfield by 134.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,130 shares of the communications equipment provider’s stock valued at $33,000 after purchasing an additional 648 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Clearfield by 70.4% during the fourth quarter. Victory Capital Management Inc. now owns 2,082 shares of the communications equipment provider’s stock valued at $61,000 after purchasing an additional 860 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Clearfield by 109.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,721 shares of the communications equipment provider’s stock valued at $78,000 after purchasing an additional 1,423 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Clearfield by 28.1% during the fourth quarter. CWM LLC now owns 2,936 shares of the communications equipment provider’s stock valued at $85,000 after purchasing an additional 644 shares in the last quarter. 88.73% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Clearfield

In related news, Chairman Ronald G. Roth bought 2,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were purchased at an average cost of $29.62 per share, with a total value of $59,240.00. Following the completion of the purchase, the chairman now owns 1,259,796 shares in the company, valued at approximately $37,315,157.52. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 16.00% of the company’s stock.

About Clearfield

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.