Comtech Telecommunications (NASDAQ:CMTL) Posts Quarterly Earnings Results, Misses Expectations By $0.88 EPS

Comtech Telecommunications (NASDAQ:CMTL) issued its earnings results on Monday. The communications equipment provider reported ($1.27) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.88), Zacks reports. Comtech Telecommunications had a negative net margin of 18.50% and a positive return on equity of 2.38%.

Comtech Telecommunications Price Performance

Shares of NASDAQ:CMTL opened at $2.34 on Tuesday. Comtech Telecommunications has a 12 month low of $1.53 and a 12 month high of $8.18. The firm has a market capitalization of $68.15 million, a price-to-earnings ratio of -0.50 and a beta of 1.52. The business’s 50 day simple moving average is $3.42 and its 200-day simple moving average is $3.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.83 and a quick ratio of 1.33.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. StockNews.com upgraded Comtech Telecommunications to a “sell” rating in a research report on Thursday, January 2nd. B. Riley dropped their price objective on Comtech Telecommunications from $12.25 to $9.25 and set a “buy” rating on the stock in a report on Monday, November 4th.

Comtech Telecommunications Company Profile

Comtech Telecommunications Corp., together with its subsidiaries, engages in the provision of next-gen telecommunication solutions in the United States and internationally. The company’s Satellite and Space Communications segment offers satellite ground station technologies, services and system integration that facilitates the transmission of voice, video, and data over GEO, MEO and LEO satellite constellations, including solid-state and traveling wave tube power amplifiers, modems, VSAT platforms, and frequency converters; and satellite communications and tracking antenna systems, including high precision full motion fixed and mobile X/Y tracking antennas, RF feeds, reflectors, and radomes.