Comtech Telecommunications Corp. (NASDAQ:CMTL) Director Edwin Kantor sold 3,318 shares of Comtech Telecommunications stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $30.49, for a total transaction of $101,165.82. Following the completion of the sale, the director now owns 4,057 shares in the company, valued at $123,697.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NASDAQ:CMTL opened at $29.71 on Friday. Comtech Telecommunications Corp. has a 1-year low of $13.11 and a 1-year high of $31.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.82 and a quick ratio of 1.29. The firm has a market capitalization of $701.75, a P/E ratio of 67.52, a PEG ratio of 10.90 and a beta of 1.49.
Comtech Telecommunications (NASDAQ:CMTL) last released its earnings results on Wednesday, March 7th. The communications equipment provider reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.15. Comtech Telecommunications had a net margin of 4.87% and a return on equity of 2.20%. The business had revenue of $133.70 million during the quarter, compared to analysts’ expectations of $124.65 million. During the same period last year, the business earned $0.01 earnings per share. The firm’s revenue was down 3.8% on a year-over-year basis. sell-side analysts anticipate that Comtech Telecommunications Corp. will post 0.55 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 18th. Investors of record on Wednesday, April 18th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, April 17th. This represents a $0.40 annualized dividend and a dividend yield of 1.35%. Comtech Telecommunications’s dividend payout ratio is presently 117.65%.
Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in shares of Comtech Telecommunications by 3.0% in the fourth quarter. BlackRock Inc. now owns 3,141,364 shares of the communications equipment provider’s stock valued at $69,487,000 after buying an additional 92,886 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Comtech Telecommunications by 3.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,950,779 shares of the communications equipment provider’s stock valued at $40,048,000 after buying an additional 66,958 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Comtech Telecommunications by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 725,706 shares of the communications equipment provider’s stock valued at $14,898,000 after buying an additional 6,410 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Comtech Telecommunications by 3.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 410,628 shares of the communications equipment provider’s stock valued at $9,084,000 after buying an additional 13,261 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC grew its stake in shares of Comtech Telecommunications by 3.1% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 302,183 shares of the communications equipment provider’s stock valued at $6,684,000 after buying an additional 9,080 shares in the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on the stock. BidaskClub upgraded shares of Comtech Telecommunications from a “hold” rating to a “buy” rating in a report on Tuesday, March 13th. Zacks Investment Research downgraded shares of Comtech Telecommunications from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Jefferies Group reiterated a “hold” rating on shares of Comtech Telecommunications in a report on Thursday, March 15th. BMO Capital Markets lifted their price objective on shares of Comtech Telecommunications to $35.00 and gave the company an “outperform” rating in a report on Friday, March 9th. Finally, Noble Financial reiterated an “average” rating on shares of Comtech Telecommunications in a report on Friday, March 9th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Comtech Telecommunications currently has an average rating of “Buy” and a consensus target price of $25.10.
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About Comtech Telecommunications
Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment provides ground-based equipment, such as single channel per carrier modems and solid state amplifiers that facilitate the transmission of voice, video, and data, as well as offers traveling wave tube amplifiers comprising high power narrow-band amplifiers that are used to amplify signals from satellite earth stations; and safety and security technology solutions that enable 911 c.
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