Comtech Telecomm. (CMTL) Set to Announce Quarterly Earnings on Tuesday
Comtech Telecomm. (NASDAQ:CMTL) will announce its earnings results after the market closes on Tuesday, March 6th. Analysts expect the company to announce earnings of ($0.09) per share for the quarter. Comtech Telecomm. has set its Q2 guidance at expects a loss EPS and its FY18 guidance at $0.44-0.46 EPS.
Comtech Telecomm. (NASDAQ:CMTL) last posted its quarterly earnings data on Wednesday, December 6th. The communications equipment provider reported ($0.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.29) by $0.22. Comtech Telecomm. had a return on equity of 1.87% and a net margin of 3.11%. The company had revenue of $121.57 million during the quarter, compared to analyst estimates of $106.94 million. During the same period in the previous year, the business earned ($0.11) EPS. Comtech Telecomm.’s quarterly revenue was down 10.5% on a year-over-year basis. On average, analysts expect Comtech Telecomm. to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Comtech Telecomm. (NASDAQ CMTL) opened at $23.23 on Friday. Comtech Telecomm. has a 52 week low of $10.95 and a 52 week high of $23.90. The company has a current ratio of 1.77, a quick ratio of 1.25 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $558.26, a P/E ratio of 32.72, a price-to-earnings-growth ratio of 10.29 and a beta of 1.72.
Several research analysts have recently weighed in on CMTL shares. Northland Securities restated a “buy” rating on shares of Comtech Telecomm. in a report on Friday, November 17th. Zacks Investment Research cut Comtech Telecomm. from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. BMO Capital Markets boosted their target price on Comtech Telecomm. to $26.00 and gave the stock an “outperform” rating in a report on Friday, December 8th. Finally, BidaskClub cut Comtech Telecomm. from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $21.30.
In other news, CEO Fred Kornberg sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was 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 approximately $9,821,800.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael Porcelain sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $21.41, for a total value 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. Insiders own 7.00% 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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