Equities research analysts predict that Comtech Telecomm. Corp. (NASDAQ:CMTL) will announce earnings of $0.13 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Comtech Telecomm.’s earnings. Comtech Telecomm. reported earnings per share of $0.22 during the same quarter last year, which suggests a negative year-over-year growth rate of 40.9%. The company is scheduled to report its next quarterly earnings report on Thursday, December 5th.
According to Zacks, analysts expect that Comtech Telecomm. will report full-year earnings of $1.35 per share for the current financial year. For the next year, analysts expect that the business will post earnings of $2.32 per share. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Comtech Telecomm..
Comtech Telecomm. (NASDAQ:CMTL) last released its earnings results on Tuesday, September 24th. The communications equipment provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.08. Comtech Telecomm. had a return on equity of 6.29% and a net margin of 3.73%. The business had revenue of $176.40 million during the quarter, compared to the consensus estimate of $164.89 million. During the same period last year, the company earned $0.31 earnings per share. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year.
CMTL has been the subject of several research analyst reports. BidaskClub upgraded Comtech Telecomm. from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. TheStreet upgraded Comtech Telecomm. from a “c+” rating to a “b-” rating in a research report on Monday, June 24th. Citigroup lifted their target price on Comtech Telecomm. from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Northland Securities reiterated a “buy” rating and set a $42.00 target price on shares of Comtech Telecomm. in a research report on Wednesday, September 25th. Finally, Zacks Investment Research downgraded Comtech Telecomm. from a “buy” rating to a “hold” rating in a research report on Monday, August 12th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $36.50.
In related news, VP Richard L. Burt sold 40,703 shares of Comtech Telecomm. stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $34.33, for a total value of $1,397,333.99. Following the completion of the sale, the vice president now directly owns 70,187 shares in the company, valued at $2,409,519.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.30% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in CMTL. Quantamental Technologies LLC purchased a new position in Comtech Telecomm. in the second quarter valued at about $49,000. Aperio Group LLC purchased a new position in Comtech Telecomm. in the second quarter valued at about $111,000. Captrust Financial Advisors grew its stake in Comtech Telecomm. by 71.4% in the second quarter. Captrust Financial Advisors now owns 6,000 shares of the communications equipment provider’s stock valued at $169,000 after purchasing an additional 2,500 shares during the last quarter. Bailard Inc. purchased a new position in Comtech Telecomm. in the third quarter valued at about $224,000. Finally, Susquehanna International Group LLP grew its stake in Comtech Telecomm. by 41.7% in the second quarter. Susquehanna International Group LLP now owns 8,360 shares of the communications equipment provider’s stock valued at $235,000 after purchasing an additional 2,460 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.
Shares of NASDAQ:CMTL traded down $0.06 on Monday, hitting $32.29. 1,959 shares of the company’s stock were exchanged, compared to its average volume of 231,094. Comtech Telecomm. has a 12 month low of $20.94 and a 12 month high of $36.61. The stock has a market capitalization of $781.67 million, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 4.44 and a beta of 1.50. The business’s 50 day simple moving average is $30.07 and its two-hundred day simple moving average is $26.76. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.93 and a quick ratio of 1.41.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Wednesday, October 16th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.24%. Comtech Telecomm.’s payout ratio is currently 29.85%.
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 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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