-$0.05 EPS Expected for Comtech Telecomm. Corp. (CMTL) This Quarter

Brokerages expect Comtech Telecomm. Corp. (NASDAQ:CMTL) to post ($0.05) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Comtech Telecomm.’s earnings, with the highest EPS estimate coming in at ($0.02) and the lowest estimate coming in at ($0.07). Comtech Telecomm. reported earnings per share of ($0.07) during the same quarter last year, which would suggest a positive year over year growth rate of 28.6%. The business is expected to announce its next quarterly earnings results on Wednesday, December 5th.

On average, analysts expect that Comtech Telecomm. will report full-year earnings of $0.96 per share for the current year, with EPS estimates ranging from $0.89 to $1.05. For the next fiscal year, analysts forecast that the firm will post earnings of $1.14 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Comtech Telecomm..

Comtech Telecomm. (NASDAQ:CMTL) last posted its quarterly earnings data on Wednesday, September 26th. The communications equipment provider reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.05. The business had revenue of $167.40 million during the quarter, compared to the consensus estimate of $174.72 million. Comtech Telecomm. had a return on equity of 3.67% and a net margin of 5.22%. Comtech Telecomm.’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 earnings per share.

A number of analysts recently weighed in on the company. ValuEngine downgraded Comtech Telecomm. from a “buy” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research upgraded Comtech Telecomm. from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a report on Monday, October 1st. BMO Capital Markets increased their price objective on Comtech Telecomm. from $37.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, September 28th. BidaskClub downgraded Comtech Telecomm. from a “hold” rating to a “sell” rating in a report on Friday, September 14th. Finally, TheStreet downgraded Comtech Telecomm. from a “b-” rating to a “c+” rating in a report on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Comtech Telecomm. has an average rating of “Hold” and a consensus target price of $35.17.

In other Comtech Telecomm. news, Director Edwin Kantor sold 1,000 shares of the company’s stock in a transaction on Thursday, October 4th. The shares were sold at an average price of $34.55, for a total transaction of $34,550.00. Following the sale, the director now owns 1,500 shares of the company’s stock, valued at $51,825. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Branscum sold 1,510 shares of the company’s stock in a transaction on Monday, October 15th. The shares were sold at an average price of $31.94, for a total transaction of $48,229.40. Following the sale, the insider now directly owns 45,323 shares in the company, valued at approximately $1,447,616.62. The disclosure for this sale can be found here. Insiders have sold 4,010 shares of company stock worth $133,779 in the last ninety days. Insiders own 7.30% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. increased its holdings in Comtech Telecomm. by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 188,177 shares of the communications equipment provider’s stock worth $5,625,000 after purchasing an additional 4,898 shares during the last quarter. Bank of Montreal Can increased its holdings in Comtech Telecomm. by 32.1% during the 2nd quarter. Bank of Montreal Can now owns 87,798 shares of the communications equipment provider’s stock worth $2,799,000 after purchasing an additional 21,332 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in Comtech Telecomm. by 25.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,503 shares of the communications equipment provider’s stock worth $303,000 after purchasing an additional 1,939 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in Comtech Telecomm. during the 2nd quarter worth approximately $175,000. Finally, Sei Investments Co. increased its holdings in Comtech Telecomm. by 93,116.7% during the 2nd quarter. Sei Investments Co. now owns 33,558 shares of the communications equipment provider’s stock worth $1,070,000 after purchasing an additional 33,522 shares during the last quarter. 88.89% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ CMTL opened at $25.01 on Wednesday. The firm has a market capitalization of $610.55 million, a P/E ratio of 33.35, a P/E/G ratio of 5.30 and a beta of 1.54. Comtech Telecomm. has a twelve month low of $19.89 and a twelve month high of $36.94. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.69 and a quick ratio of 1.24.

The company also recently declared a quarterly dividend, which was paid on Friday, November 16th. Shareholders of record on Wednesday, October 17th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, October 16th. This represents a $0.40 dividend on an annualized basis and a yield of 1.60%. Comtech Telecomm.’s dividend payout ratio (DPR) is currently 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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