Comtech Telecomm. (NASDAQ:CMTL) updated its FY 2020
After-Hours earnings guidance on Wednesday. The company provided earnings per share guidance of 1.42-1.56 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.38. The company issued revenue guidance of $712-732 million, compared to the consensus revenue estimate of $718.78 million.
A number of equities research analysts have issued reports on the company. BidaskClub raised Comtech Telecomm. from a buy rating to a strong-buy rating in a research report on Saturday, November 2nd. ValuEngine upgraded Comtech Telecomm. from a sell rating to a hold rating in a research note on Tuesday, November 12th. Northland Securities started coverage on Comtech Telecomm. in a research note on Tuesday, November 26th. They set a buy rating and a $42.00 price objective on the stock. Noble Financial restated a buy rating and set a $40.00 price objective on shares of Comtech Telecomm. in a research note on Thursday, November 28th. Finally, Citigroup boosted their price objective on Comtech Telecomm. from $32.00 to $36.00 and gave the stock a neutral rating in a research note on Thursday, September 26th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Comtech Telecomm. has a consensus rating of Buy and a consensus target price of $37.00.
Shares of CMTL traded up $0.33 during midday trading on Wednesday, reaching $36.44. 191,746 shares of the company were exchanged, compared to its average volume of 158,059. The stock has a 50-day moving average price of $34.82 and a 200-day moving average price of $29.41. The company has a market cap of $880.00 million, a price-to-earnings ratio of 27.19, a P/E/G ratio of 5.21 and a beta of 1.52. Comtech Telecomm. has a 1-year low of $20.94 and a 1-year high of $37.90. The company has a current ratio of 1.93, a quick ratio of 1.41 and a debt-to-equity ratio of 0.31.
Comtech Telecomm. (NASDAQ:CMTL) last issued its quarterly earnings data on Tuesday, September 24th. The communications equipment provider reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.08. The company had revenue of $176.40 million for the quarter, compared to analysts’ expectations of $164.89 million. Comtech Telecomm. had a return on equity of 6.29% and a net margin of 3.73%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Equities research analysts anticipate that Comtech Telecomm. will post 1.45 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Wednesday, October 16th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Tuesday, October 15th. Comtech Telecomm.’s dividend payout ratio is presently 29.85%.
In other Comtech Telecomm. news, VP Richard L. Burt sold 40,703 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $34.33, for a total transaction of $1,397,333.99. Following the transaction, the vice president now owns 70,187 shares in the company, valued at $2,409,519.71. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 6.40% of the company’s stock.
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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