Comtech Telecomm. (NASDAQ:CMTL) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.95-1.08 for the period, compared to the Thomson Reuters consensus estimate of $0.95. The company issued revenue guidance of $625-640 million, compared to the consensus revenue estimate of $608.40 million.
Shares of CMTL opened at $28.44 on Friday. The firm has a market cap of $607.20 million, a P/E ratio of 24.66, a P/E/G ratio of 5.27 and a beta of 1.54. The company has a quick ratio of 1.24, a current ratio of 1.69 and a debt-to-equity ratio of 0.29. Comtech Telecomm. has a 12 month low of $20.25 and a 12 month high of $36.94.
Comtech Telecomm. (NASDAQ:CMTL) last issued its quarterly earnings data on Thursday, December 6th. The communications equipment provider reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.23. The firm had revenue of $160.80 million during the quarter, compared to the consensus estimate of $129.30 million. Comtech Telecomm. had a return on equity of 5.07% and a net margin of 5.72%. The firm’s revenue was up 32.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.07) EPS. On average, equities analysts forecast that Comtech Telecomm. will post 0.96 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Wednesday, January 16th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, January 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.41%. Comtech Telecomm.’s payout ratio is currently 53.33%.
CMTL has been the subject of several recent analyst reports. BMO Capital Markets increased their price target on Comtech Telecomm. from $37.00 to $40.00 and gave the stock an outperform rating in a research note on Friday, September 28th. Zacks Investment Research raised Comtech Telecomm. from a hold rating to a strong-buy rating and set a $42.00 price target for the company in a research note on Monday, October 1st. TheStreet cut Comtech Telecomm. from a b- rating to a c+ rating in a research note on Thursday, November 15th. BidaskClub cut Comtech Telecomm. from a hold rating to a sell rating in a research note on Wednesday, October 24th. Finally, ValuEngine cut Comtech Telecomm. from a strong-buy rating to a buy rating in a research note on Tuesday, September 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Comtech Telecomm. presently has a consensus rating of Hold and an average price target of $35.17.
In related news, insider John Branscum sold 1,510 shares of the firm’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $31.94, for a total transaction of $48,229.40. Following the completion of the transaction, the insider now owns 45,323 shares of the company’s stock, valued at $1,447,616.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Edwin Kantor sold 1,000 shares of the firm’s stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $34.55, for a total value of $34,550.00. Following the transaction, the director now directly owns 1,500 shares of the company’s stock, valued at approximately $51,825. The disclosure for this sale can be found here. Insiders have sold 4,010 shares of company stock valued at $133,779 in the last ninety days. Company insiders own 7.30% of the company’s stock.
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About Comtech Telecomm.
Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment offers ground-based equipment, including single channel per carrier modems and solid-state amplifiers that facilitate the transmission of voice, video, and data over satellite links; and traveling wave tube amplifiers, such as high power narrow-band amplifiers used to amplify signals from satellite earth stations, as well as safety and security technologies.
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