Comtech Telecommunications Corp. (CMTL) To Go Ex-Dividend on October 19th

Comtech Telecommunications Corp. (NASDAQ:CMTL) declared a quarterly dividend on Thursday, October 6th. Shareholders of record on Friday, October 21st will be given a dividend of 0.30 per share on Tuesday, November 22nd. This represents a $1.20 annualized dividend and a yield of 11.23%. The ex-dividend date is Wednesday, October 19th.

Comtech Telecommunications Corp. (NASDAQ:CMTL) opened at 10.69 on Tuesday. The firm’s 50-day moving average is $12.61 and its 200 day moving average is $16.62. Comtech Telecommunications Corp. has a 12-month low of $10.61 and a 12-month high of $25.85. The stock’s market capitalization is $251.30 million.

Comtech Telecommunications Corp. (NASDAQ:CMTL) last announced its quarterly earnings results on Thursday, October 6th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.04. Comtech Telecommunications Corp. had a negative net margin of 1.88% and a positive return on equity of 1.52%. The company earned $152.40 million during the quarter. During the same period last year, the firm posted $0.34 EPS. The business’s revenue was up 96.7% compared to the same quarter last year. Equities research analysts anticipate that Comtech Telecommunications Corp. will post ($0.81) earnings per share for the current year.

Dividend History for Comtech Telecommunications Corp. (NASDAQ:CMTL)

In other Comtech Telecommunications Corp. news, Director Edwin Kantor sold 3,000 shares of the company’s stock in a transaction dated Friday, October 14th. The shares were sold at an average price of $10.95, for a total value of $32,850.00. Following the completion of the sale, the director now directly owns 7,375 shares of the company’s stock, valued at approximately $80,756.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.70% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans increased its stake in shares of Comtech Telecommunications Corp. by 9.3% in the second quarter. Thrivent Financial for Lutherans now owns 70,380 shares of the company’s stock worth $904,000 after buying an additional 6,010 shares during the last quarter. Advisor Group Inc. acquired a new stake in shares of Comtech Telecommunications Corp. during the second quarter worth $100,000. Yakira Capital Management Inc. acquired a new stake in shares of Comtech Telecommunications Corp. during the second quarter worth $270,000. State of Wisconsin Investment Board increased its stake in shares of Comtech Telecommunications Corp. by 43.4% in the second quarter. State of Wisconsin Investment Board now owns 248,000 shares of the company’s stock worth $3,184,000 after buying an additional 75,000 shares during the last quarter. Finally, Comerica Bank increased its stake in shares of Comtech Telecommunications Corp. by 42.3% in the second quarter. Comerica Bank now owns 23,211 shares of the company’s stock worth $305,000 after buying an additional 6,894 shares during the last quarter. 83.12% of the stock is owned by institutional investors.

Several equities analysts have recently issued reports on CMTL shares. BMO Capital Markets started coverage on shares of Comtech Telecommunications Corp. in a report on Monday, June 20th. They set an “outperform” rating and a $19.00 price target for the company. Northland Securities began coverage on shares of Comtech Telecommunications Corp. in a report on Wednesday, July 6th. They issued an “outperform” rating and a $20.00 price objective for the company. Zacks Investment Research raised shares of Comtech Telecommunications Corp. from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Monday, July 11th. Ladenburg Thalmann began coverage on shares of Comtech Telecommunications Corp. in a report on Friday, July 22nd. They issued a “buy” rating and a $19.00 price objective for the company. Finally, Jefferies Group began coverage on shares of Comtech Telecommunications Corp. in a report on Tuesday, August 2nd. They issued a “hold” rating and a $14.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $16.68.

Comtech Telecommunications Corp. Company Profile

Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for advanced communications solutions. The Company operates through three segments: telecommunications transmission, RF microwave amplifiers and mobile data communications. Its telecommunications transmission segment provides equipment and systems used for satellite transmission and enable wireless communications.

5 Day Chart for NASDAQ:CMTL

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