Comtech Telecomm. Corp. (NASDAQ:CMTL) Declares Quarterly Dividend of $0.10

Share on StockTwits

Comtech Telecomm. Corp. (NASDAQ:CMTL) announced a quarterly dividend on Friday, December 6th, Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.10 per share by the communications equipment provider on Friday, February 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Tuesday, January 14th.

Shares of NASDAQ CMTL opened at $35.10 on Friday. The stock’s fifty day simple moving average is $35.09 and its 200 day simple moving average is $29.62. The stock has a market capitalization of $855.35 million, a price-to-earnings ratio of 26.19, a PEG ratio of 5.21 and a beta of 1.52. The company has a quick ratio of 1.41, a current ratio of 1.93 and a debt-to-equity ratio of 0.31. Comtech Telecomm. has a 52-week low of $20.94 and a 52-week high of $38.00.

Comtech Telecomm. (NASDAQ:CMTL) last announced its earnings results on Wednesday, December 4th. The communications equipment provider reported $0.27 EPS for the quarter, beating the consensus estimate of $0.19 by $0.08. Comtech Telecomm. had a return on equity of 6.29% and a net margin of 3.73%. The business had revenue of $170.30 million during the quarter, compared to the consensus estimate of $153.83 million. During the same period in the prior year, the business posted $0.14 earnings per share. Comtech Telecomm.’s revenue was up 5.9% compared to the same quarter last year. As a group, analysts anticipate that Comtech Telecomm. will post 1.45 earnings per share for the current year.

In other news, VP Richard L. Burt sold 40,703 shares of Comtech Telecomm. stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $34.33, for a total transaction of $1,397,333.99. Following the transaction, the vice president now owns 70,187 shares in the company, valued at $2,409,519.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.40% of the company’s stock.

Several brokerages have commented on CMTL. Noble Financial reiterated a “buy” rating and issued a $40.00 target price on shares of Comtech Telecomm. in a report on Thursday, November 28th. Citigroup lifted their target price on shares of Comtech Telecomm. from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Northland Securities initiated coverage on shares of Comtech Telecomm. in a report on Thursday. They set a “buy” rating and a $44.00 price target on the stock. Zacks Investment Research downgraded shares of Comtech Telecomm. from a “buy” rating to a “hold” rating in a research report on Monday, August 12th. Finally, ValuEngine raised shares of Comtech Telecomm. from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $37.50.

About Comtech Telecomm.

Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment offers ground-based equipment, including single channel per carrier modems and solid-state amplifiers that facilitate the transmission of voice, video, and data over satellite links; and traveling wave tube amplifiers, such as high power narrow-band amplifiers used to amplify signals from satellite earth stations, as well as safety and security technologies.

Featured Article: Insider Trading

Dividend History for Comtech Telecomm. (NASDAQ:CMTL)

Receive News & Ratings for Comtech Telecomm. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comtech Telecomm. and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Strs Ohio Has $21.92 Million Stake in Western Digital Corp
Strs Ohio Has $21.92 Million Stake in Western Digital Corp
Strs Ohio Has $22.13 Million Stock Position in Humana Inc
Strs Ohio Has $22.13 Million Stock Position in Humana Inc
Valeo Financial Advisors LLC Has $104,000 Stock Position in LYFT Inc
Valeo Financial Advisors LLC Has $104,000 Stock Position in LYFT Inc
Strs Ohio Sells 288,000 Shares of Discovery Communications Inc.
Strs Ohio Sells 288,000 Shares of Discovery Communications Inc.
Strs Ohio Has $23.09 Million Position in Waste Management, Inc.
Strs Ohio Has $23.09 Million Position in Waste Management, Inc.
Valeo Financial Advisors LLC Grows Position in Baker Hughes A GE Co
Valeo Financial Advisors LLC Grows Position in Baker Hughes A GE Co


© 2006-2020 Ticker Report