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

Immersion (NASDAQ:IMMR) released 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 Trading Up 6.3 %

Shares of NASDAQ:IMMR opened at $9.73 on Tuesday. 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 firm has a market capitalization of $314.05 million, a P/E ratio of 4.75 and a beta of 1.51. The business’s 50-day moving average is $8.69 and its 200 day moving average is $9.59. Immersion has a 1 year low of $6.54 and a 1 year high of $13.94.

Immersion Dividend Announcement

The firm also recently announced a None dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be paid a dividend of $0.245 per share. The ex-dividend date is Friday, January 10th. Immersion’s dividend payout ratio (DPR) is 8.78%.

Analysts Set New Price Targets

IMMR has been the topic of a number of recent research reports. BWS Financial raised their price objective on Immersion from $11.00 to $13.50 and gave the company a “buy” rating in a research 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.