Comtech Telecomm. Corp. (CMTL) Expected to Post Earnings of -$0.07 Per Share
Wall Street brokerages expect that Comtech Telecomm. Corp. (NASDAQ:CMTL) will post ($0.07) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Comtech Telecomm.’s earnings. The lowest EPS estimate is ($0.08) and the highest is ($0.05). Comtech Telecomm. reported earnings of $0.01 per share in the same quarter last year, which would suggest a negative year over year growth rate of 800%. The firm is expected to report its next earnings report on Wednesday, March 14th.
On average, analysts expect that Comtech Telecomm. will report full-year earnings of $0.44 per share for the current year, with EPS estimates ranging from $0.44 to $0.45. For the next financial year, analysts forecast that the business will post earnings of $0.57 per share, with EPS estimates ranging from $0.45 to $0.65. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Comtech Telecomm..
Comtech Telecomm. (NASDAQ:CMTL) last posted its quarterly earnings data on Wednesday, December 6th. The communications equipment provider reported ($0.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.29) by $0.22. Comtech Telecomm. had a net margin of 3.11% and a return on equity of 1.87%. The company had revenue of $121.57 million for the quarter, compared to the consensus estimate of $106.94 million. During the same period last year, the company earned ($0.11) earnings per share. The firm’s revenue was down 10.5% compared to the same quarter last year.
Comtech Telecomm. (NASDAQ CMTL) traded down $0.19 during midday trading on Monday, hitting $22.52. 116,174 shares of the stock were exchanged, compared to its average volume of 135,160. The company has a quick ratio of 1.25, a current ratio of 1.77 and a debt-to-equity ratio of 0.37. Comtech Telecomm. has a 12 month low of $10.95 and a 12 month high of $23.90. The firm has a market capitalization of $527.19, a P/E ratio of 31.72, a PEG ratio of 10.25 and a beta of 1.83.
The company also recently announced a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Wednesday, January 17th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, January 16th. This represents a $0.40 dividend on an annualized basis and a yield of 1.78%. Comtech Telecomm.’s payout ratio is 56.34%.
In related news, CEO Fred Kornberg sold 15,000 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $20.65, for a total transaction of $309,750.00. Following the transaction, the chief executive officer now directly owns 475,632 shares in the company, valued at $9,821,800.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael Porcelain sold 30,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $21.41, for a total transaction of $642,300.00. Following the transaction, the insider now owns 71,668 shares in the company, valued at $1,534,411.88. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its holdings in Comtech Telecomm. by 18.1% during the second quarter. Public Employees Retirement System of Ohio now owns 10,582 shares of the communications equipment provider’s stock worth $201,000 after buying an additional 1,625 shares during the last quarter. Geode Capital Management LLC increased its holdings in Comtech Telecomm. by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 209,031 shares of the communications equipment provider’s stock worth $4,623,000 after buying an additional 3,197 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in Comtech Telecomm. by 58.7% during the third quarter. Municipal Employees Retirement System of Michigan now owns 8,840 shares of the communications equipment provider’s stock worth $181,000 after buying an additional 3,270 shares during the last quarter. New York State Teachers Retirement System increased its holdings in Comtech Telecomm. by 6.4% during the third quarter. New York State Teachers Retirement System now owns 63,238 shares of the communications equipment provider’s stock worth $1,298,000 after buying an additional 3,800 shares during the last quarter. Finally, Chicago Equity Partners LLC increased its holdings in Comtech Telecomm. by 3.2% during the fourth quarter. Chicago Equity Partners LLC now owns 125,770 shares of the communications equipment provider’s stock worth $2,782,000 after buying an additional 3,890 shares during the last quarter. Institutional investors and hedge funds own 86.60% 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 operates through two segments: Commercial Solutions and Government Solutions. It offers communications solutions, including command and control technologies, safety and security technologies and enterprise technologies.
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