Analysts Anticipate Comtech Telecomm. Corp. (CMTL) Will Announce Earnings of $0.29 Per Share

Wall Street brokerages forecast that Comtech Telecomm. Corp. (NASDAQ:CMTL) will report $0.29 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Comtech Telecomm.’s earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.21. Comtech Telecomm. posted earnings per share of $0.34 in the same quarter last year, which would suggest a negative year-over-year growth rate of 14.7%. The firm is expected to issue its next earnings report on Wednesday, June 5th.

On average, analysts expect that Comtech Telecomm. will report full-year earnings of $0.96 per share for the current year, with EPS estimates ranging from $0.93 to $0.98. For the next financial year, analysts forecast that the firm will post earnings of $1.10 per share, with EPS estimates ranging from $0.87 to $1.36. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Comtech Telecomm..

Comtech Telecomm. (NASDAQ:CMTL) last issued its quarterly earnings results on Wednesday, March 6th. The communications equipment provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.16. The firm had revenue of $164.10 million during the quarter, compared to analyst estimates of $159.96 million. Comtech Telecomm. had a return on equity of 6.56% and a net margin of 4.21%. The firm’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period last year, the company posted $0.07 EPS.

CMTL has been the subject of a number of research reports. TheStreet lowered Comtech Telecomm. from a “b-” rating to a “c+” rating in a research note on Thursday, November 15th. ValuEngine raised Comtech Telecomm. from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. BidaskClub lowered Comtech Telecomm. from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Zacks Investment Research downgraded Comtech Telecomm. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 13th. Finally, Noble Financial set a $38.00 price objective on Comtech Telecomm. and gave the company a “buy” rating in a research report on Saturday, December 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Comtech Telecomm. has an average rating of “Hold” and a consensus price target of $34.80.

NASDAQ CMTL traded down $0.74 on Thursday, reaching $22.28. 133,572 shares of the stock traded hands, compared to its average volume of 162,944. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.53 and a current ratio of 2.20. The firm has a market cap of $545.97 million, a P/E ratio of 29.71, a PEG ratio of 3.97 and a beta of 1.33. Comtech Telecomm. has a 12 month low of $22.00 and a 12 month high of $36.94.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Wednesday, April 17th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, April 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.80%. Comtech Telecomm.’s dividend payout ratio (DPR) is presently 53.33%.

In other news, VP John Branscum sold 1,158 shares of the stock in a transaction on Friday, January 18th. The stock was sold at an average price of $25.16, for a total value of $29,135.28. Following the completion of the sale, the vice president now owns 35,162 shares in the company, valued at $884,675.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edwin Kantor sold 1,000 shares of the stock in a transaction on Tuesday, December 18th. The shares were sold at an average price of $25.50, for a total value of $25,500.00. Following the completion of the sale, the director now owns 500 shares of the company’s stock, valued at approximately $12,750. The disclosure for this sale can be found here. 7.30% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Resources Investment Advisors Inc. lifted its holdings in shares of Comtech Telecomm. by 56.9% in the fourth quarter. Resources Investment Advisors Inc. now owns 1,765 shares of the communications equipment provider’s stock valued at $43,000 after purchasing an additional 640 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of Comtech Telecomm. in the fourth quarter valued at $89,000. ClariVest Asset Management LLC purchased a new stake in shares of Comtech Telecomm. in the fourth quarter valued at $148,000. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Comtech Telecomm. by 434.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,972 shares of the communications equipment provider’s stock valued at $194,000 after purchasing an additional 6,479 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Comtech Telecomm. in the third quarter valued at $205,000. Institutional investors own 88.21% of the company’s stock.

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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