Communications Systems, Inc. (NASDAQ:JCS) announced a quarterly dividend on Wednesday, December 4th, Wall Street Journal reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.02 per share by the communications equipment provider on Thursday, January 2nd. This represents a $0.08 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, December 12th.
Shares of NASDAQ:JCS opened at $8.35 on Tuesday. The business’s 50 day moving average is $6.59 and its 200 day moving average is $4.48. Communications Systems has a 12-month low of $2.03 and a 12-month high of $8.20. The stock has a market cap of $73.23 million, a price-to-earnings ratio of -11.76 and a beta of 0.97. The company has a quick ratio of 3.19, a current ratio of 4.33 and a debt-to-equity ratio of 0.01.
Communications Systems (NASDAQ:JCS) last issued its quarterly earnings data on Thursday, October 31st. The communications equipment provider reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.12. The business had revenue of $18.22 million for the quarter, compared to analysts’ expectations of $18.10 million. Communications Systems had a return on equity of 10.00% and a net margin of 5.80%. As a group, equities research analysts expect that Communications Systems will post 0.31 earnings per share for the current year.
Several analysts have recently commented on JCS shares. Zacks Investment Research upgraded shares of Communications Systems from a “hold” rating to a “strong-buy” rating and set a $4.75 target price for the company in a report on Friday, August 16th. ValuEngine lowered shares of Communications Systems from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 28th. TheStreet upgraded shares of Communications Systems from a “c” rating to a “b-” rating in a report on Tuesday, November 19th. Finally, Northland Securities assumed coverage on shares of Communications Systems in a research report on Monday, November 25th. They issued a “buy” rating and a $8.00 price objective for the company.
Communications Systems Company Profile
Communications Systems, Inc, through its subsidiaries, manufactures and sells connectivity infrastructure products for broadband and voice communications in North America, Europe, the Middle East, Africa, and internationally. The company's Transition Networks segment designs, assembles, and markets media converters, NIDs, network interface cards, Ethernet switches, small form factor pluggable modules, and other connectivity products under the Transition Networks brand name.
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