Wall Street brokerages expect Comtech Telecommunications Corp. (NASDAQ:CMTL) to announce $0.29 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Comtech Telecommunications Corp.’s earnings. The lowest EPS estimate is $0.27 and the highest is $0.31. Comtech Telecommunications Corp. posted earnings of $0.16 per share during the same quarter last year, which indicates a positive year over year growth rate of 81.3%. The business is scheduled to announce its next quarterly earnings results on Thursday, October 5th.
On average, analysts expect that Comtech Telecommunications Corp. will report full-year earnings of $0.65 per share for the current fiscal year, with EPS estimates ranging from $0.63 to $0.67. For the next year, analysts anticipate that the firm will post earnings of $0.37 per share, with EPS estimates ranging from $0.34 to $0.41. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Comtech Telecommunications Corp..
Comtech Telecommunications Corp. (NASDAQ:CMTL) last announced its quarterly earnings data on Wednesday, June 7th. The communications equipment provider reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.07. The firm had revenue of $127.80 million during the quarter, compared to analyst estimates of $136.68 million. Comtech Telecommunications Corp. had a return on equity of 0.81% and a net margin of 2.02%. Comtech Telecommunications Corp.’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.89) earnings per share.
Several equities research analysts recently weighed in on CMTL shares. Zacks Investment Research upgraded shares of Comtech Telecommunications Corp. from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Monday, July 17th. Noble Financial reiterated a “buy” rating on shares of Comtech Telecommunications Corp. in a research note on Friday, June 9th. Jefferies Group LLC reiterated a “hold” rating and issued a $12.50 target price on shares of Comtech Telecommunications Corp. in a research note on Thursday, June 8th. BMO Capital Markets reiterated a “buy” rating and issued a $17.00 target price on shares of Comtech Telecommunications Corp. in a research note on Wednesday, June 7th. Finally, Citigroup Inc. increased their target price on shares of Comtech Telecommunications Corp. from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.42.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. IndexIQ Advisors LLC acquired a new position in Comtech Telecommunications Corp. during the second quarter valued at about $609,000. Prudential Financial Inc. raised its stake in Comtech Telecommunications Corp. by 49.4% in the second quarter. Prudential Financial Inc. now owns 58,665 shares of the communications equipment provider’s stock valued at $1,113,000 after buying an additional 19,392 shares during the last quarter. Royce & Associates LP raised its stake in Comtech Telecommunications Corp. by 10.5% in the second quarter. Royce & Associates LP now owns 1,555,504 shares of the communications equipment provider’s stock valued at $29,508,000 after buying an additional 147,920 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Comtech Telecommunications Corp. by 49.1% in the second quarter. BNP Paribas Arbitrage SA now owns 12,055 shares of the communications equipment provider’s stock valued at $229,000 after buying an additional 3,972 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in Comtech Telecommunications Corp. by 9.3% in the second quarter. Legal & General Group Plc now owns 43,306 shares of the communications equipment provider’s stock valued at $821,000 after buying an additional 3,677 shares during the last quarter. 82.59% of the stock is owned by hedge funds and other institutional investors.
Comtech Telecommunications Corp. (CMTL) traded up 0.06% during trading on Friday, hitting $18.14. The stock had a trading volume of 142,955 shares. Comtech Telecommunications Corp. has a 52 week low of $9.52 and a 52 week high of $19.80. The stock has a 50-day moving average price of $18.73 and a 200-day moving average price of $14.77. The company has a market cap of $427.56 million, a PE ratio of 36.50 and a beta of 1.93.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, July 17th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Thursday, July 13th. Comtech Telecommunications Corp.’s dividend payout ratio (DPR) is presently 80.00%.
About Comtech Telecommunications Corp.
Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for communications solutions. The Company operates through two segments: Commercial Solutions and Government Solutions. It offers communications solutions, including command and control technologies, safety and security technologies and enterprise technologies.
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