Comtech Telecomm. Corp. (NASDAQ:CMTL) Director Edwin Kantor sold 1,557 shares of the company’s stock in a transaction that occurred on Tuesday, June 12th. The shares were sold at an average price of $31.91, for a total value of $49,683.87. Following the completion of the transaction, the director now directly owns 3,538 shares in the company, valued at $112,897.58. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Edwin Kantor also recently made the following trade(s):
- On Tuesday, April 3rd, Edwin Kantor sold 3,318 shares of Comtech Telecomm. stock. The shares were sold at an average price of $30.49, for a total value of $101,165.82.
Shares of Comtech Telecomm. traded up $0.15, reaching $32.50, during trading on Thursday, according to Marketbeat.com. The company’s stock had a trading volume of 145,718 shares, compared to its average volume of 185,013. Comtech Telecomm. Corp. has a twelve month low of $17.11 and a twelve month high of $34.61. The firm has a market cap of $747.56 million, a price-to-earnings ratio of 95.21, a PEG ratio of 10.72 and a beta of 1.48. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.33.
Comtech Telecomm. (NASDAQ:CMTL) last issued its quarterly earnings results on Wednesday, June 6th. The communications equipment provider reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.22. Comtech Telecomm. had a return on equity of 3.21% and a net margin of 5.38%. The business had revenue of $147.85 million during the quarter, compared to the consensus estimate of $145.37 million. During the same period in the previous year, the business earned $0.19 EPS. The business’s quarterly revenue was up 15.7% on a year-over-year basis. equities analysts expect that Comtech Telecomm. Corp. will post 0.59 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 17th. Stockholders of record on Monday, July 16th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, July 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.23%. Comtech Telecomm.’s dividend payout ratio (DPR) is 117.65%.
Several hedge funds and other institutional investors have recently modified their holdings of CMTL. Intrinsic Edge Capital Management LLC bought a new stake in shares of Comtech Telecomm. in the 1st quarter valued at approximately $8,165,000. Renaissance Technologies LLC increased its holdings in shares of Comtech Telecomm. by 225.1% in the 4th quarter. Renaissance Technologies LLC now owns 253,250 shares of the communications equipment provider’s stock valued at $5,602,000 after acquiring an additional 175,350 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Comtech Telecomm. in the 1st quarter valued at approximately $5,069,000. Bogle Investment Management L P DE bought a new stake in shares of Comtech Telecomm. in the 4th quarter valued at approximately $2,793,000. Finally, Lord Abbett & CO. LLC bought a new stake in shares of Comtech Telecomm. in the 1st quarter valued at approximately $3,582,000. Institutional investors and hedge funds own 88.17% of the company’s stock.
CMTL has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Comtech Telecomm. from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 11th. LADENBURG THALM/SH SH reaffirmed a “buy” rating and issued a $35.00 target price on shares of Comtech Telecomm. in a research report on Thursday, June 7th. BMO Capital Markets reaffirmed a “buy” rating on shares of Comtech Telecomm. in a research report on Thursday, March 8th. Noble Financial reaffirmed an “average” rating on shares of Comtech Telecomm. in a research report on Friday, March 9th. Finally, BidaskClub raised Comtech Telecomm. from a “hold” rating to a “buy” rating in a research report on Wednesday, June 6th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. Comtech Telecomm. has a consensus rating of “Buy” and a consensus price target of $33.83.
Comtech Telecomm. Company Profile
Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment provides ground-based equipment, such as single channel per carrier modems and solid state amplifiers that facilitate the transmission of voice, video, and data, as well as offers traveling wave tube amplifiers comprising high power narrow-band amplifiers that are used to amplify signals from satellite earth stations; and safety and security technology solutions that enable 911 c.
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