Comtech Telecommunications (CMTL) Expected to Announce Earnings on Monday

Comtech Telecommunications (NASDAQ:CMTL) is anticipated to post its results before the market opens on Monday, January 12th. Analysts expect the company to announce earnings of ($0.39) per share for the quarter.

Comtech Telecommunications (NASDAQ:CMTL) last issued its earnings results on Wednesday, June 21st. The communications equipment provider reported $0.25 earnings per share for the quarter. Comtech Telecommunications had a positive return on equity of 8.35% and a negative net margin of 4.60%.The business had revenue of $122.12 million for the quarter. On average, analysts expect Comtech Telecommunications to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Comtech Telecommunications Price Performance

NASDAQ:CMTL opened at $5.47 on Friday. Comtech Telecommunications has a one year low of $1.19 and a one year high of $5.98. The stock has a market cap of $162.08 million, a PE ratio of -2.37 and a beta of 1.06. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.27 and a current ratio of 1.70. The stock has a 50 day moving average price of $3.73 and a 200 day moving average price of $2.90.

Institutional Trading of Comtech Telecommunications

A number of hedge funds and other institutional investors have recently modified their holdings of CMTL. Cresset Asset Management LLC acquired a new position in Comtech Telecommunications in the third quarter valued at about $39,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Comtech Telecommunications during the first quarter valued at about $59,000. Cetera Investment Advisers raised its stake in shares of Comtech Telecommunications by 25.9% in the 2nd quarter. Cetera Investment Advisers now owns 25,250 shares of the communications equipment provider’s stock valued at $62,000 after acquiring an additional 5,192 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Comtech Telecommunications by 86.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 44,593 shares of the communications equipment provider’s stock worth $71,000 after acquiring an additional 20,726 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Comtech Telecommunications in the 3rd quarter worth approximately $80,000.

Analyst Ratings Changes

A number of brokerages have issued reports on CMTL. Zacks Research raised Comtech Telecommunications to a “hold” rating in a research note on Wednesday, November 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of Comtech Telecommunications in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $6.00.

Comtech Telecommunications Company Profile

Comtech Telecommunications Corporation (NASDAQ:CMTL), founded in 1969 and headquartered in Melville, New York, is a leading global provider of advanced communications solutions. The company designs, develops, and deploys equipment, systems, and services that enable secure and reliable transmission of voice, video, and data. Over its history, Comtech has built a reputation for innovation across satellite communications, wireless data systems, and public safety networks, serving both commercial and government customers worldwide.

Comtech operates through two primary business segments: Commercial Solutions and Government Solutions.