Communications Systems, Inc. (NASDAQ:JCS) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus price objective of $6.00 for the company and are predicting that the company will post $0.07 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Communications Systems an industry rank of 87 out of 256 based on the ratings given to its competitors.
A number of equities analysts have issued reports on JCS shares. ValuEngine downgraded Communications Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. TheStreet upgraded Communications Systems from a “d+” rating to a “c-” rating in a research report on Friday, August 16th. Finally, Zacks Investment Research upgraded Communications Systems from a “hold” rating to a “strong-buy” rating and set a $4.75 price target on the stock in a research report on Friday, August 16th.
JCS stock traded up $0.04 during mid-day trading on Tuesday, reaching $5.11. 31,237 shares of the company’s stock were exchanged, compared to its average volume of 29,571. The company has a market cap of $47.46 million, a price-to-earnings ratio of 42.42 and a beta of 0.80. The stock’s 50 day moving average is $4.19 and its 200 day moving average is $3.21. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.94 and a quick ratio of 3.41. Communications Systems has a 12-month low of $2.03 and a 12-month high of $5.20.
Communications Systems (NASDAQ:JCS) last issued its quarterly earnings results on Wednesday, July 31st. The communications equipment provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.36. The company had revenue of $15.40 million for the quarter, compared to the consensus estimate of $15.70 million. Communications Systems had a return on equity of 2.54% and a net margin of 1.09%. On average, research analysts forecast that Communications Systems will post 0.16 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be given a $0.02 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.08 annualized dividend and a dividend yield of 1.57%. Communications Systems’s dividend payout ratio (DPR) is presently -11.27%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in JCS. Bremer Bank National Association purchased a new position in shares of Communications Systems in the first quarter valued at approximately $46,000. Gamco Investors INC. ET AL lifted its position in shares of Communications Systems by 0.9% in the second quarter. Gamco Investors INC. ET AL now owns 529,525 shares of the communications equipment provider’s stock valued at $1,594,000 after acquiring an additional 4,464 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of Communications Systems by 1.1% in the second quarter. Gabelli Funds LLC now owns 310,000 shares of the communications equipment provider’s stock valued at $933,000 after acquiring an additional 3,500 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Communications Systems by 1.5% in the second quarter. Renaissance Technologies LLC now owns 513,711 shares of the communications equipment provider’s stock valued at $1,546,000 after acquiring an additional 7,800 shares in the last quarter. Finally, Morgan Stanley purchased a new position in shares of Communications Systems in the second quarter valued at approximately $48,000. Institutional investors and hedge funds own 25.87% of the company’s 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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