Communications Systems Inc. (NASDAQ:JCS) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus target price of $10.00 for the company and are anticipating that the company will post ($0.26) earnings per share for the current quarter, according to Zacks. Zacks has also given Communications Systems an industry rank of 99 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised Communications Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, June 28th.
Several large investors have recently made changes to their positions in the company. Gabelli Funds LLC increased its stake in shares of Communications Systems by 63.3% in the second quarter. Gabelli Funds LLC now owns 392,000 shares of the company’s stock valued at $2,732,000 after buying an additional 152,000 shares during the period. Teton Advisors Inc. increased its stake in shares of Communications Systems by 24.0% in the second quarter. Teton Advisors Inc. now owns 378,590 shares of the company’s stock valued at $2,639,000 after buying an additional 73,200 shares during the period. Gamco Investors INC. ET AL increased its stake in shares of Communications Systems by 30.6% in the second quarter. Gamco Investors INC. ET AL now owns 587,958 shares of the company’s stock valued at $4,098,000 after buying an additional 137,883 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Communications Systems by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 14,337 shares of the company’s stock valued at $100,000 after buying an additional 38 shares during the period. Institutional investors own 38.25% of the company’s stock.
Shares of Communications Systems (NASDAQ:JCS) opened at 4.76 on Wednesday. Communications Systems has a one year low of $4.63 and a one year high of $9.22. The stock’s 50 day moving average price is $5.52 and its 200 day moving average price is $6.59. The firm’s market capitalization is $42.18 million.
Communications Systems (NASDAQ:JCS) last released its earnings results on Thursday, August 4th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.17) by $0.12. Communications Systems had a negative net margin of 8.54% and a negative return on equity of 13.26%. Analysts expect that Communications Systems will post ($0.97) EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 3.36%. The ex-dividend date is Tuesday, September 13th. Communications Systems’s payout ratio is -14.81%.
Communications Systems Company Profile
Communications Systems, Inc (CSI) operates directly and through its subsidiaries located in the United States, Costa Rica and the United Kingdom. The Company operates through three segments: Suttle, Transition Networks and JDL Technologies (JDL). The Company provides physical connectivity infrastructure products and services for global deployments of broadband networks.
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