Comtech Telecommunications (CMTL) Earning Somewhat Positive News Coverage, Report Finds
Media headlines about Comtech Telecommunications (NASDAQ:CMTL) have trended somewhat positive on Tuesday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Comtech Telecommunications earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news headlines about the communications equipment provider an impact score of 46.7393148146157 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Comtech Telecommunications gets 911 contract for Maryland (financial-news.co.uk)
- Comtech Telecomm : to Demonstrate Solutions for Total Parts Management for Space & Electronic Components Utilized in Space at 34th Space Symposium (4-traders.com)
- Comtech wins $59M deal from Navy for modems (seekingalpha.com)
- Comtech to Demonstrate Solutions for Total Parts Management for Space & Electronic Components Utilized in Space at 34th Space Symposium (finance.yahoo.com)
- Comtech Telecommunications Corp. Awarded $59.0 Million Strategic Contract from U.S. Navy for Next Generation Satellite Earth Station Equipment (finance.yahoo.com)
A number of research analysts recently weighed in on the company. BidaskClub raised Comtech Telecommunications from a “hold” rating to a “buy” rating in a research note on Tuesday, March 13th. Noble Financial reissued an “average” rating on shares of Comtech Telecommunications in a research note on Friday, March 9th. Zacks Investment Research raised Comtech Telecommunications from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Tuesday, March 13th. BMO Capital Markets reissued a “buy” rating on shares of Comtech Telecommunications in a research note on Thursday, March 8th. Finally, Jefferies Group reissued a “hold” rating on shares of Comtech Telecommunications in a research note on Thursday, March 15th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $25.10.
Comtech Telecommunications (NASDAQ:CMTL) last issued its quarterly earnings results on Wednesday, March 7th. The communications equipment provider reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.15. The company had revenue of $133.70 million for the quarter, compared to the consensus estimate of $124.65 million. Comtech Telecommunications had a return on equity of 2.20% and a net margin of 4.87%. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.01 EPS. research analysts forecast that Comtech Telecommunications will post 0.55 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 18th. Shareholders of record on Wednesday, April 18th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Tuesday, April 17th. Comtech Telecommunications’s dividend payout ratio is currently 117.65%.
In other news, insider Richard L. Burt sold 82,700 shares of Comtech Telecommunications stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $30.46, for a total transaction of $2,519,042.00. Following the sale, the insider now owns 178,315 shares of the company’s stock, valued at approximately $5,431,474.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edwin Kantor sold 3,318 shares of Comtech Telecommunications stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of $30.49, for a total value of $101,165.82. Following the sale, the director now directly owns 4,057 shares in the company, valued at approximately $123,697.93. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.
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About Comtech Telecommunications
Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment provides ground-based equipment, such as single channel per carrier modems and solid state amplifiers that facilitate the transmission of voice, video, and data, as well as offers traveling wave tube amplifiers comprising high power narrow-band amplifiers that are used to amplify signals from satellite earth stations; and safety and security technology solutions that enable 911 c.
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