Analysts forecast that Comtech Telecomm. Corp. (NASDAQ:CMTL) will announce $124.00 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Comtech Telecomm.’s earnings, with the lowest sales estimate coming in at $123.50 million and the highest estimate coming in at $125.00 million. Comtech Telecomm. posted sales of $139.03 million in the same quarter last year, which would indicate a negative year over year growth rate of 10.8%. The firm is expected to issue its next earnings results on Wednesday, March 14th.
On average, analysts expect that Comtech Telecomm. will report full-year sales of $124.00 million for the current financial year, with estimates ranging from $550.40 million to $561.80 million. For the next financial year, analysts anticipate that the business will post sales of $563.97 million per share, with estimates ranging from $556.40 million to $575.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Comtech Telecomm..
Comtech Telecomm. (NASDAQ:CMTL) last released its quarterly earnings results on Wednesday, December 6th. The communications equipment provider reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.22. The business had revenue of $121.57 million during the quarter, compared to analyst estimates of $106.94 million. Comtech Telecomm. had a return on equity of 1.87% and a net margin of 3.11%. Comtech Telecomm.’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.11) EPS.
A number of research analysts have commented on CMTL shares. Northland Securities set a $26.00 price target on Comtech Telecomm. and gave the company a “buy” rating in a research report on Sunday, December 10th. Zacks Investment Research downgraded Comtech Telecomm. from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. BidaskClub upgraded Comtech Telecomm. from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Finally, BMO Capital Markets upped their target price on Comtech Telecomm. to $26.00 and gave the stock an “outperform” rating in a report on Friday, December 8th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $21.30.
Comtech Telecomm. (NASDAQ:CMTL) opened at $21.89 on Wednesday. The company has a market capitalization of $516.53, a P/E ratio of 30.83, a price-to-earnings-growth ratio of 9.87 and a beta of 1.83. The company has a current ratio of 1.77, a quick ratio of 1.25 and a debt-to-equity ratio of 0.37. Comtech Telecomm. has a 52-week low of $10.95 and a 52-week high of $23.90.
The company also recently announced a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Wednesday, January 17th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, January 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.83%. Comtech Telecomm.’s dividend payout ratio (DPR) is 56.34%.
In related news, CEO Fred Kornberg sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $20.65, for a total value of $309,750.00. Following the sale, the chief executive officer now owns 475,632 shares in the company, valued at approximately $9,821,800.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Porcelain sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $21.41, for a total value of $642,300.00. Following the completion of the sale, the insider now owns 71,668 shares in the company, valued at approximately $1,534,411.88. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of CMTL. Wells Fargo & Company MN grew its stake in shares of Comtech Telecomm. by 23.4% in the 2nd quarter. Wells Fargo & Company MN now owns 23,410 shares of the communications equipment provider’s stock worth $445,000 after buying an additional 4,443 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of Comtech Telecomm. by 26.2% in the 2nd quarter. Teachers Advisors LLC now owns 41,045 shares of the communications equipment provider’s stock worth $779,000 after buying an additional 8,529 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Comtech Telecomm. by 25.6% in the 2nd quarter. New York State Common Retirement Fund now owns 26,500 shares of the communications equipment provider’s stock worth $503,000 after buying an additional 5,399 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new stake in shares of Comtech Telecomm. in the 2nd quarter worth approximately $261,000. Finally, Vanguard Group Inc. grew its stake in shares of Comtech Telecomm. by 6.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,320,060 shares of the communications equipment provider’s stock worth $25,042,000 after buying an additional 82,685 shares during the last quarter. Institutional investors own 86.60% of the company’s stock.
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Comtech Telecomm. Company Profile
Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for communications solutions. The Company operates through two segments: Commercial Solutions and Government Solutions. It offers communications solutions, including command and control technologies, safety and security technologies and enterprise technologies.
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