Analysts Anticipate Commscope Holding Company Inc (COMM) Will Post Earnings of $0.47 Per Share

Wall Street brokerages expect Commscope Holding Company Inc (NASDAQ:COMM) to announce $0.47 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Commscope’s earnings. The highest EPS estimate is $0.48 and the lowest is $0.45. Commscope posted earnings of $0.61 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 23%. The company is scheduled to report its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that Commscope will report full year earnings of $2.14 per share for the current year, with EPS estimates ranging from $2.12 to $2.15. For the next financial year, analysts expect that the business will report earnings of $2.60 per share, with EPS estimates ranging from $2.40 to $2.86. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Commscope.

Commscope (NASDAQ:COMM) last posted its earnings results on Wednesday, November 1st. The communications equipment provider reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. Commscope had a return on equity of 29.11% and a net margin of 4.21%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the firm earned $0.81 earnings per share. The company’s revenue was down 12.8% on a year-over-year basis.

A number of research analysts recently commented on COMM shares. Citigroup raised their price target on Commscope from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Jefferies Group restated a “buy” rating and issued a $40.00 price target on shares of Commscope in a research report on Thursday, October 12th. BidaskClub cut Commscope from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 20th. Zacks Investment Research upgraded Commscope from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, ValuEngine cut Commscope from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $40.80.

Commscope (NASDAQ COMM) traded up $0.63 on Monday, hitting $38.84. The stock had a trading volume of 2,250,000 shares, compared to its average volume of 1,470,000. The company has a quick ratio of 2.10, a current ratio of 2.78 and a debt-to-equity ratio of 2.93. Commscope has a 12 month low of $30.95 and a 12 month high of $42.75. The firm has a market capitalization of $7,410.00, a P/E ratio of 39.23, a P/E/G ratio of 2.49 and a beta of 1.20.

In other Commscope news, Director Frank M. Drendel sold 60,000 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $38.01, for a total value of $2,280,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marvin S. Edwards, Jr. sold 50,000 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $38.66, for a total value of $1,933,000.00. The disclosure for this sale can be found here. Insiders sold a total of 180,284 shares of company stock valued at $6,807,245 in the last 90 days. Corporate insiders own 3.33% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Commscope by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 15,843,334 shares of the communications equipment provider’s stock valued at $602,522,000 after buying an additional 183,790 shares during the last quarter. BlackRock Inc. lifted its holdings in Commscope by 19.0% during the 2nd quarter. BlackRock Inc. now owns 15,275,547 shares of the communications equipment provider’s stock worth $580,929,000 after purchasing an additional 2,438,894 shares in the last quarter. Capital Research Global Investors lifted its holdings in Commscope by 478.2% during the 2nd quarter. Capital Research Global Investors now owns 14,502,567 shares of the communications equipment provider’s stock worth $551,533,000 after purchasing an additional 11,994,126 shares in the last quarter. FMR LLC lifted its holdings in Commscope by 6.6% during the 2nd quarter. FMR LLC now owns 11,279,906 shares of the communications equipment provider’s stock worth $428,975,000 after purchasing an additional 702,210 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Commscope by 29.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,736,824 shares of the communications equipment provider’s stock worth $350,236,000 after purchasing an additional 2,429,290 shares in the last quarter.

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About Commscope

CommScope Holding Company, Inc (CommScope) is a provider of infrastructure solutions for the core, access and edge layers of communications networks. The Company operates through two segments: CommScope Connectivity Solutions (CCS) and CommScope Mobility Solutions (CMS). Its portfolio includes wireless and fiber optic solutions.

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