Comtech Telecomm. (NASDAQ:CMTL) is set to release its earnings data after the market closes on Wednesday, December 4th. Analysts expect Comtech Telecomm. to post earnings of $0.19 per share for the quarter. Comtech Telecomm. has set its FY 2020 guidance at $1.30-1.45 EPS and its FY20 guidance at $1.35-$1.50 EPS.
Comtech Telecomm. (NASDAQ:CMTL) last announced its quarterly earnings results on Tuesday, September 24th. The communications equipment provider reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.08. The business had revenue of $176.40 million for the quarter, compared to analysts’ expectations of $164.89 million. Comtech Telecomm. had a return on equity of 6.29% and a net margin of 3.73%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 EPS.
Shares of NASDAQ CMTL traded down $1.14 during mid-day trading on Tuesday, hitting $35.68. The company had a trading volume of 4,272 shares, compared to its average volume of 126,095. Comtech Telecomm. has a 12 month low of $20.94 and a 12 month high of $37.90. The stock has a market cap of $920.90 million, a price-to-earnings ratio of 26.79, a PEG ratio of 5.21 and a beta of 1.52. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.93 and a quick ratio of 1.41. The firm’s 50 day simple moving average is $34.73 and its two-hundred day simple moving average is $29.34.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Wednesday, October 16th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, October 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.12%. Comtech Telecomm.’s payout ratio is currently 29.85%.
A number of equities research analysts have issued reports on the company. Zacks Investment Research cut Comtech Telecomm. from a “buy” rating to a “hold” rating in a research note on Monday, August 12th. Noble Financial restated a “buy” rating and set a $40.00 price target on shares of Comtech Telecomm. in a research report on Thursday, November 28th. ValuEngine upgraded shares of Comtech Telecomm. from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. BidaskClub raised shares of Comtech Telecomm. from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 2nd. Finally, Citigroup lifted their price objective on shares of Comtech Telecomm. from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Comtech Telecomm. currently has a consensus rating of “Buy” and a consensus target price of $37.00.
In other Comtech Telecomm. news, VP Richard L. Burt sold 40,703 shares of Comtech Telecomm. stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $34.33, for a total transaction of $1,397,333.99. Following the sale, the vice president now owns 70,187 shares of the company’s stock, valued at approximately $2,409,519.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.40% of the stock is owned by company insiders.
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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