Comtech Telecommunications (NASDAQ:CMTL) is scheduled to announce its earnings results after the market closes on Thursday, March 11th. Analysts expect the company to announce earnings of $0.09 per share for the quarter.
Comtech Telecommunications (NASDAQ:CMTL) last issued its quarterly earnings results on Tuesday, December 8th. The communications equipment provider reported ($3.35) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($3.26). Comtech Telecommunications had a positive return on equity of 3.43% and a negative net margin of 14.65%. The business had revenue of $135.22 million for the quarter, compared to the consensus estimate of $124.65 million. During the same period in the prior year, the business posted $0.32 earnings per share. Comtech Telecommunications’s revenue was down 20.6% on a year-over-year basis. On average, analysts expect Comtech Telecommunications to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of CMTL stock opened at $28.17 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.14 and a current ratio of 1.62. The stock has a 50 day moving average price of $25.29 and a 200 day moving average price of $19.29. The firm has a market capitalization of $704.56 million, a P/E ratio of -8.36 and a beta of 1.95. Comtech Telecommunications has a 52-week low of $11.48 and a 52-week high of $29.80.
The company also recently announced a quarterly dividend, which was paid on Friday, February 19th. Shareholders of record on Wednesday, January 20th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Tuesday, January 19th. Comtech Telecommunications’s dividend payout ratio (DPR) is presently 51.95%.
CMTL has been the subject of a number of research analyst reports. Zacks Investment Research lowered Comtech Telecommunications from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 9th. Northland Securities reaffirmed a “buy” rating on shares of Comtech Telecommunications in a research report on Thursday, December 10th. Finally, Jefferies Financial Group raised Comtech Telecommunications from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Thursday, December 17th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $26.00.
About Comtech Telecommunications
Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions in the United States and internationally. It operates in two segments, Commercial Solutions and Government Solutions. The Commercial Solutions segment offers satellite ground station technologies, including modems, amplifiers, frequency converters, and network software to modulate, demodulate, and amplify signals, as well as to carry voice, video, and/or data over networks; and public safety and location technologies covering 911 call routing solutions that allow cellular carriers and over the Internet carriers to deliver emergency calls to public safety emergency call centers.
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