Zacks: Brokerages Anticipate Comtech Telecommunications Corp. (NASDAQ:CMTL) Will Announce Quarterly Sales of $122.33 Million

Equities analysts expect that Comtech Telecommunications Corp. (NASDAQ:CMTLGet Rating) will announce sales of $122.33 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Comtech Telecommunications’ earnings, with the lowest sales estimate coming in at $122.00 million and the highest estimate coming in at $123.00 million. Comtech Telecommunications posted sales of $139.38 million during the same quarter last year, which would indicate a negative year over year growth rate of 12.2%. The business is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Comtech Telecommunications will report full-year sales of $517.65 million for the current fiscal year, with estimates ranging from $514.30 million to $519.50 million. For the next financial year, analysts forecast that the firm will post sales of $585.77 million, with estimates ranging from $548.30 million to $635.00 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Comtech Telecommunications.

Comtech Telecommunications (NASDAQ:CMTLGet Rating) last issued its quarterly earnings data on Thursday, March 10th. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.08. The firm had revenue of $120.40 million for the quarter, compared to the consensus estimate of $125.23 million. Comtech Telecommunications had a negative net margin of 3.77% and a positive return on equity of 1.72%. The company’s quarterly revenue was down 25.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS.

Several research firms have weighed in on CMTL. StockNews.com began coverage on shares of Comtech Telecommunications in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research raised shares of Comtech Telecommunications from a “sell” rating to a “hold” rating in a research report on Wednesday, February 9th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $27.00.

NASDAQ:CMTL opened at $14.37 on Thursday. The company has a market cap of $381.03 million, a PE ratio of -14.23 and a beta of 1.56. Comtech Telecommunications has a twelve month low of $14.00 and a twelve month high of $27.70. The company has a current ratio of 1.28, a quick ratio of 0.87 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $17.79 and its two-hundred day moving average is $21.79.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 20th. Investors of record on Wednesday, April 20th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Tuesday, April 19th. Comtech Telecommunications’s dividend payout ratio is currently -39.60%.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in Comtech Telecommunications during the fourth quarter worth $744,000. Barclays PLC raised its position in Comtech Telecommunications by 60.5% during the fourth quarter. Barclays PLC now owns 35,064 shares of the communications equipment provider’s stock worth $831,000 after acquiring an additional 13,217 shares during the period. BlackRock Inc. raised its position in Comtech Telecommunications by 3.8% during the fourth quarter. BlackRock Inc. now owns 4,232,550 shares of the communications equipment provider’s stock worth $100,270,000 after acquiring an additional 155,502 shares during the period. DLD Asset Management LP acquired a new position in Comtech Telecommunications during the fourth quarter worth $948,000. Finally, Vident Investment Advisory LLC acquired a new position in Comtech Telecommunications during the fourth quarter worth $373,000. Hedge funds and other institutional investors own 88.66% of the company’s stock.

Comtech Telecommunications Company Profile (Get Rating)

Comtech Telecommunications Corp., together with its subsidiaries, designs, develops, produces, and markets products, systems, and services for communications solutions in the United States and internationally. It operates in two segments, Commercial Solutions and Government Solutions. The Commercial Solutions segment offers satellite ground station technologies, including single channel per carrier and time division multiple access modems, amplifiers, frequency converters, and network software to modulate, demodulate, and amplify signals, as well as to carry voice, video, and/or data over networks; and public safety and location technologies, such as 911 call handling and mapping solutions that allow cellular carriers and voice over the Internet carriers to deliver emergency calls to public safety emergency call centers.

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Earnings History and Estimates for Comtech Telecommunications (NASDAQ:CMTL)

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