CommScope (COMM) Set to Announce Quarterly Earnings on Thursday

CommScope (NASDAQ:COMM) will be releasing its earnings data before the market opens on Thursday, May 9th. Analysts expect CommScope to post earnings of ($0.21) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

CommScope (NASDAQ:COMM) last issued its quarterly earnings results on Thursday, February 29th. The communications equipment provider reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.53 billion. CommScope had a negative return on equity of 7.18% and a negative net margin of 21.64%. On average, analysts expect CommScope to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CommScope Stock Up 6.3 %

Shares of NASDAQ:COMM opened at $0.98 on Wednesday. The firm has a market cap of $208.57 million, a P/E ratio of -0.14 and a beta of 2.02. CommScope has a 12-month low of $0.86 and a 12-month high of $6.65. The business has a fifty day simple moving average of $1.18 and a 200 day simple moving average of $1.82.

Insiders Place Their Bets

In related news, Director L William Krause acquired 57,300 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was acquired at an average price of $1.59 per share, for a total transaction of $91,107.00. Following the completion of the acquisition, the director now owns 227,873 shares of the company’s stock, valued at approximately $362,318.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on COMM. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of CommScope in a research report on Monday, March 4th. Bank of America dropped their target price on shares of CommScope from $2.00 to $1.00 and set an “underperform” rating on the stock in a research report on Wednesday, March 13th. Northland Securities reaffirmed a “market perform” rating on shares of CommScope in a research report on Friday, March 1st. Finally, StockNews.com lowered CommScope from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.02.

CommScope Company Profile

CommScope Holding Company, Inc provides infrastructure solutions for communications, data center, and entertainment networks worldwide. The company operates through Connectivity and Cable Solutions (CCS); Outdoor Wireless Networks (OWN); Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS) segments.