Shares of Comtech Telecomm. Corp. (NASDAQ:CMTL) have earned an average recommendation of “Buy” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $38.67.
Several analysts have recently weighed in on the stock. Citigroup lifted their price target on shares of Comtech Telecomm. from $32.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. ValuEngine raised shares of Comtech Telecomm. from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Northland Securities reaffirmed a “buy” rating and set a $42.00 price target on shares of Comtech Telecomm. in a research note on Wednesday, September 25th. Zacks Investment Research downgraded shares of Comtech Telecomm. from a “buy” rating to a “hold” rating in a research note on Monday, August 12th. Finally, BidaskClub raised shares of Comtech Telecomm. from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 2nd.
NASDAQ CMTL traded up $0.17 during trading on Monday, hitting $35.99. The stock had a trading volume of 111,751 shares, compared to its average volume of 158,180. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.41 and a current ratio of 1.93. The stock has a market capitalization of $874.13 million, a price-to-earnings ratio of 26.86, a P/E/G ratio of 4.97 and a beta of 1.51. Comtech Telecomm. has a one year low of $20.94 and a one year high of $36.96. The stock has a 50 day simple moving average of $33.30 and a 200 day simple moving average of $28.52.
Comtech Telecomm. (NASDAQ:CMTL) last announced its quarterly earnings data on Tuesday, September 24th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.08. The business had revenue of $176.40 million during the quarter, compared to the consensus estimate of $164.89 million. Comtech Telecomm. had a net margin of 3.73% and a return on equity of 6.29%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 earnings per share. On average, sell-side analysts predict that Comtech Telecomm. will post 1.45 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Wednesday, October 16th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Tuesday, October 15th. Comtech Telecomm.’s dividend payout ratio is presently 29.85%.
In other news, VP Richard L. Burt sold 40,703 shares of Comtech Telecomm. stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $34.33, for a total transaction of $1,397,333.99. Following the completion of the sale, the vice president now owns 70,187 shares of the company’s stock, valued at $2,409,519.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.30% of the company’s stock.
A number of hedge funds have recently modified their holdings of CMTL. FMR LLC increased its holdings in Comtech Telecomm. by 13.6% during the first quarter. FMR LLC now owns 81,397 shares of the communications equipment provider’s stock valued at $1,890,000 after buying an additional 9,760 shares during the period. WINTON GROUP Ltd purchased a new position in Comtech Telecomm. during the second quarter valued at approximately $286,000. Arizona State Retirement System increased its holdings in Comtech Telecomm. by 1.5% during the second quarter. Arizona State Retirement System now owns 37,443 shares of the communications equipment provider’s stock valued at $1,053,000 after buying an additional 565 shares during the period. Alpha Windward LLC increased its holdings in Comtech Telecomm. by 21.6% during the second quarter. Alpha Windward LLC now owns 21,240 shares of the communications equipment provider’s stock valued at $620,000 after buying an additional 3,780 shares during the period. Finally, Aperio Group LLC purchased a new position in Comtech Telecomm. during the second quarter valued at approximately $111,000. 87.30% of the stock is currently owned by institutional investors.
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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