Adeia (NASDAQ:ADEA) Issues Earnings Results, Hits Expectations

Adeia (NASDAQ:ADEA) posted its quarterly earnings results on Tuesday. The company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42, Zacks reports. Adeia had a return on equity of 28.37% and a net margin of 12.01%. The business had revenue of $119.17 million for the quarter, compared to analysts’ expectations of $114.22 million. During the same quarter in the prior year, the business earned $0.27 EPS. Adeia updated its FY 2025 guidance to EPS.

Adeia Stock Up 1.4 %

ADEA stock opened at $13.47 on Wednesday. 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 market capitalization of $1.47 billion, a price-to-earnings ratio of 37.42 and a beta of 1.37. The business’s fifty day moving average price is $13.42 and its two-hundred day moving average price is $12.50. Adeia has a fifty-two week low of $9.68 and a fifty-two week high of $14.75.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. BWS Financial restated a “buy” rating and issued a $16.00 price target on shares of Adeia in a research note on Monday, January 13th. Rosenblatt Securities restated a “buy” rating and issued a $18.00 price target on shares of Adeia in a research note on Tuesday.

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.