Brokerages expect Comtech Telecomm. Corp. (NASDAQ:CMTL) to report sales of $164.70 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Comtech Telecomm.’s earnings. The lowest sales estimate is $164.30 million and the highest is $165.10 million. Comtech Telecomm. posted sales of $167.44 million during the same quarter last year, which would indicate a negative year over year growth rate of 1.6%. The business is scheduled to issue its next earnings report on Wednesday, September 25th.
According to Zacks, analysts expect that Comtech Telecomm. will report full-year sales of $659.43 million for the current financial year, with estimates ranging from $657.98 million to $660.50 million. For the next year, analysts anticipate that the firm will report sales of $692.57 million, with estimates ranging from $670.30 million to $707.40 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Comtech Telecomm..
Comtech Telecomm. (NASDAQ:CMTL) last announced its earnings results on Wednesday, June 5th. The communications equipment provider reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.21. The company had revenue of $170.40 million during the quarter, compared to analyst estimates of $162.30 million. Comtech Telecomm. had a net margin of 3.98% and a return on equity of 6.88%. Comtech Telecomm.’s revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share.
Several brokerages have weighed in on CMTL. BidaskClub lowered shares of Comtech Telecomm. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 14th. Zacks Investment Research raised shares of Comtech Telecomm. from a “hold” rating to a “strong-buy” rating and set a $30.00 target price for the company in a research note on Tuesday. Finally, ValuEngine raised shares of Comtech Telecomm. from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Comtech Telecomm. currently has a consensus rating of “Hold” and a consensus price target of $36.00.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Comtech Telecomm. by 3.2% in the fourth quarter. BlackRock Inc. now owns 3,637,049 shares of the communications equipment provider’s stock valued at $88,526,000 after purchasing an additional 111,215 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Comtech Telecomm. by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,009,381 shares of the communications equipment provider’s stock valued at $48,908,000 after purchasing an additional 22,723 shares during the period. Ceredex Value Advisors LLC boosted its stake in shares of Comtech Telecomm. by 30.0% in the first quarter. Ceredex Value Advisors LLC now owns 721,166 shares of the communications equipment provider’s stock valued at $16,745,000 after purchasing an additional 166,300 shares during the period. Lord Abbett & CO. LLC boosted its stake in shares of Comtech Telecomm. by 19.8% in the fourth quarter. Lord Abbett & CO. LLC now owns 483,647 shares of the communications equipment provider’s stock valued at $11,772,000 after purchasing an additional 79,868 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Comtech Telecomm. by 15.8% in the first quarter. Geode Capital Management LLC now owns 360,496 shares of the communications equipment provider’s stock valued at $8,370,000 after purchasing an additional 49,308 shares during the period. 86.95% of the stock is owned by institutional investors and hedge funds.
CMTL stock traded down $0.11 during mid-day trading on Friday, hitting $26.91. 122,510 shares of the company were exchanged, compared to its average volume of 149,978. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.79 and a quick ratio of 1.28. The firm has a market cap of $649.61 million, a PE ratio of 35.88, a price-to-earnings-growth ratio of 4.43 and a beta of 1.30. Comtech Telecomm. has a 12-month low of $20.94 and a 12-month high of $36.94.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Wednesday, July 17th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Tuesday, July 16th. Comtech Telecomm.’s dividend payout ratio (DPR) is presently 53.33%.
About Comtech Telecomm.
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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