$0.58 Earnings Per Share Expected for Commscope Holding Company Inc (NASDAQ:COMM) This Quarter

Brokerages expect Commscope Holding Company Inc (NASDAQ:COMM) to announce $0.58 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Commscope’s earnings, with estimates ranging from $0.55 to $0.62. Commscope posted earnings of $0.68 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 14.7%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, July 30th.

On average, analysts expect that Commscope will report full-year earnings of $2.55 per share for the current fiscal year, with EPS estimates ranging from $2.47 to $2.65. For the next year, analysts expect that the firm will post earnings of $3.18 per share, with EPS estimates ranging from $2.75 to $3.62. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Commscope.

Commscope (NASDAQ:COMM) last announced its earnings results on Thursday, May 9th. The communications equipment provider reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.07. Commscope had a net margin of 2.29% and a return on equity of 23.46%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business earned $0.49 earnings per share. Commscope’s revenue was down 1.9% compared to the same quarter last year.

A number of analysts recently issued reports on the stock. Raymond James restated a “hold” rating on shares of Broadcom in a research report on Friday, June 14th. JPMorgan Chase & Co. lowered shares of Ciena from a “neutral” rating to an “underweight” rating in a report on Monday, April 22nd. Goldman Sachs Group set a €6.20 ($7.21) price target on shares of Kloeckner & Co SE and gave the company a “buy” rating in a report on Thursday, June 20th. Zacks Investment Research upgraded shares of Investar from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Tuesday, June 4th. Finally, Morgan Stanley reiterated a “top pick” rating on shares of in a report on Wednesday, June 5th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $24.47.

In other Commscope news, COO Bruce William Mcclelland bought 4,000 shares of Commscope stock in a transaction that occurred on Tuesday, May 14th. The shares were acquired at an average price of $18.28 per share, for a total transaction of $73,120.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Frank M. Drendel sold 80,800 shares of Commscope stock in a transaction on Monday, June 17th. The shares were sold at an average price of $15.84, for a total transaction of $1,279,872.00. The disclosure for this sale can be found here. 3.25% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Commscope by 29.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 500,037 shares of the communications equipment provider’s stock valued at $10,866,000 after acquiring an additional 113,400 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Commscope during the 1st quarter worth $639,000. Gotham Asset Management LLC increased its stake in Commscope by 190.9% during the 4th quarter. Gotham Asset Management LLC now owns 900,609 shares of the communications equipment provider’s stock worth $14,761,000 after buying an additional 591,068 shares during the period. Poplar Forest Capital LLC increased its stake in Commscope by 11.6% during the 1st quarter. Poplar Forest Capital LLC now owns 26,187 shares of the communications equipment provider’s stock worth $569,000 after buying an additional 2,712 shares during the period. Finally, Laurion Capital Management LP purchased a new stake in Commscope during the 1st quarter worth $1,380,000. Institutional investors and hedge funds own 97.74% of the company’s stock.

NASDAQ COMM traded up $0.05 during mid-day trading on Friday, reaching $14.64. 3,289,298 shares of the stock were exchanged, compared to its average volume of 2,730,002. Commscope has a 1-year low of $14.29 and a 1-year high of $32.48. The firm’s fifty day simple moving average is $15.85. The firm has a market capitalization of $2.82 billion, a PE ratio of 6.94, a PEG ratio of 0.33 and a beta of 1.41. The company has a debt-to-equity ratio of 4.28, a current ratio of 2.01 and a quick ratio of 1.42.

Commscope Company Profile

CommScope Holding Company, Inc provides infrastructure solutions for communications networks worldwide. The company's CommScope Connectivity Solutions segment offers optical fiber and twisted pair structured cable solutions, intelligent infrastructure software, and network rack and cabinet enclosures under the SYSTIMAX, NETCONNECT, and Uniprise brands; and fiber management systems, patch cords and panels, pre-terminated fiber connectivity, complete cabling systems, and cable assemblies for use in offices and data centers.

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