Comtech Telecomm. (NASDAQ:CMTL) will be posting its quarterly earnings results after the market closes on Tuesday, March 6th. Analysts expect Comtech Telecomm. to post earnings of ($0.09) per share for the quarter. Comtech Telecomm. has set its Q2 guidance at expects a loss EPS and its FY18 guidance at $0.44-0.46 EPS.
Comtech Telecomm. (NASDAQ:CMTL) last issued its earnings results on Wednesday, December 6th. The communications equipment provider reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.29) by $0.22. The business had revenue of $121.57 million for the quarter, compared to analyst estimates of $106.94 million. Comtech Telecomm. had a net margin of 3.11% and a return on equity of 1.87%. Comtech Telecomm.’s revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.11) earnings per share. On average, analysts expect Comtech Telecomm. to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Comtech Telecomm. (CMTL) opened at $22.99 on Tuesday. The stock has a market cap of $531.64, a price-to-earnings ratio of 32.38, a P/E/G ratio of 10.16 and a beta of 1.83. Comtech Telecomm. has a 12 month low of $10.95 and a 12 month high of $23.90. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.25 and a current ratio of 1.77.
CMTL has been the topic of a number of recent research reports. BMO Capital Markets raised their price objective on shares of Comtech Telecomm. to $26.00 and gave the company an “outperform” rating in a research note on Friday, December 8th. BidaskClub lowered shares of Comtech Telecomm. from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. Zacks Investment Research raised shares of Comtech Telecomm. from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, December 12th. Finally, Northland Securities set a $26.00 price objective on shares of Comtech Telecomm. and gave the company a “buy” rating in a research note on Sunday, December 10th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $21.30.
In other Comtech Telecomm. news, insider Michael Porcelain sold 30,000 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $21.41, for a total value of $642,300.00. Following the transaction, the insider now directly owns 71,668 shares of the company’s stock, valued at $1,534,411.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Fred Kornberg sold 15,000 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $20.65, for a total transaction of $309,750.00. Following the completion of the transaction, the chief executive officer now directly owns 475,632 shares in the company, valued at $9,821,800.80. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by company insiders.
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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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