Communications Systems, Inc. (NASDAQ:JCS) declared a quarterly dividend on Wednesday, December 4th, Wall Street Journal reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.02 per share by the communications equipment provider on Thursday, January 2nd. This represents a $0.08 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Thursday, December 12th.
Communications Systems stock traded down $0.09 during midday trading on Wednesday, hitting $7.83. 121,479 shares of the company’s stock were exchanged, compared to its average volume of 35,797. Communications Systems has a 12-month low of $2.03 and a 12-month high of $8.20. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.19 and a current ratio of 4.33. The stock has a market cap of $72.30 million, a price-to-earnings ratio of -11.06 and a beta of 0.97. The firm’s 50 day simple moving average is $6.14 and its 200 day simple moving average is $4.33.
Communications Systems (NASDAQ:JCS) last issued its quarterly earnings data on Thursday, October 31st. The communications equipment provider reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.12. Communications Systems had a net margin of 5.80% and a return on equity of 10.00%. The company had revenue of $18.22 million for the quarter, compared to the consensus estimate of $18.10 million. On average, equities research analysts forecast that Communications Systems will post 0.31 EPS for the current fiscal year.
Several brokerages have issued reports on JCS. Zacks Investment Research raised shares of Communications Systems from a “hold” rating to a “strong-buy” rating and set a $4.75 price objective on the stock in a research report on Friday, August 16th. TheStreet raised shares of Communications Systems from a “c” rating to a “b-” rating in a research report on Tuesday, November 19th. ValuEngine downgraded shares of Communications Systems from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 28th. Finally, Northland Securities began coverage on shares of Communications Systems in a research report on Monday, November 25th. They set a “buy” rating and a $8.00 price objective on the stock.
About Communications Systems
Communications Systems, Inc, through its subsidiaries, manufactures and sells connectivity infrastructure products for broadband and voice communications in North America, Europe, the Middle East, Africa, and internationally. The company's Transition Networks segment designs, assembles, and markets media converters, NIDs, network interface cards, Ethernet switches, small form factor pluggable modules, and other connectivity products under the Transition Networks brand name.
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