CommScope Holding Company, Inc. (NASDAQ:COMM) Expected to Announce Earnings of $0.23 Per Share

Wall Street analysts forecast that CommScope Holding Company, Inc. (NASDAQ:COMM – Get Rating) will report $0.23 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for CommScope’s earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.33. CommScope reported earnings per share of $0.36 in the same quarter last year, which indicates a negative year over year growth rate of 36.1%. The business is scheduled to issue its next quarterly earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that CommScope will report full year earnings of $1.59 per share for the current financial year, with EPS estimates ranging from $1.28 to $1.79. For the next fiscal year, analysts expect that the company will report earnings of $2.33 per share, with EPS estimates ranging from $1.93 to $2.91. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for CommScope.

CommScope (NASDAQ:COMM – Get Rating) last announced its quarterly earnings data on Thursday, February 17th. The communications equipment provider reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.13. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.04 billion. CommScope had a positive return on equity of 3,196.61% and a negative net margin of 5.39%. CommScope’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 EPS.

COMM has been the subject of a number of research reports. Raymond James cut CommScope from a “market perform” rating to an “underperform” rating in a research note on Monday, April 11th. Deutsche Bank Aktiengesellschaft dropped their price objective on CommScope from $14.00 to $9.00 and set a “buy” rating for the company in a research note on Wednesday, April 13th. JPMorgan Chase & Co. lowered their target price on CommScope from $13.00 to $11.00 in a research note on Thursday, January 20th. Bank of America cut CommScope from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $12.00 to $8.00 in a research note on Friday, March 25th. Finally, Morgan Stanley lowered their target price on CommScope from $14.00 to $9.00 and set an “overweight” rating for the company in a research note on Tuesday, April 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, CommScope presently has an average rating of “Hold” and an average target price of $10.89.

In related news, Director Derrick A. Roman acquired 7,500 shares of CommScope stock in a transaction on Friday, February 25th. The stock was purchased at an average cost of $9.96 per share, with a total value of $74,700.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Claudius E. Iv Watts bought 6,000 shares of the company’s stock in a transaction on Thursday, March 10th. The shares were acquired at an average price of $7.26 per share, for a total transaction of $43,560.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 28,500 shares of company stock valued at $251,500. 2.40% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FPR Partners LLC grew its holdings in CommScope by 12.3% during the 4th quarter. FPR Partners LLC now owns 19,473,018 shares of the communications equipment provider’s stock valued at $214,982,000 after buying an additional 2,140,000 shares during the last quarter. BlackRock Inc. grew its holdings in CommScope by 4.5% during the 3rd quarter. BlackRock Inc. now owns 10,669,627 shares of the communications equipment provider’s stock valued at $145,001,000 after buying an additional 463,338 shares during the last quarter. Boston Partners grew its holdings in CommScope by 14.5% during the 3rd quarter. Boston Partners now owns 7,415,777 shares of the communications equipment provider’s stock valued at $100,457,000 after buying an additional 937,547 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of CommScope by 43.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 7,160,653 shares of the communications equipment provider’s stock worth $79,054,000 after purchasing an additional 2,175,706 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of CommScope by 6.9% during the 4th quarter. First Trust Advisors LP now owns 5,334,821 shares of the communications equipment provider’s stock worth $58,896,000 after purchasing an additional 345,382 shares during the period. Institutional investors and hedge funds own 87.30% of the company’s stock.

CommScope stock traded up $0.07 during mid-day trading on Friday, hitting $6.40. The company’s stock had a trading volume of 3,787,926 shares, compared to its average volume of 4,053,926. CommScope has a one year low of $6.18 and a one year high of $22.18. The stock has a market cap of $1.31 billion, a PE ratio of -2.51, a P/E/G ratio of 0.18 and a beta of 1.65. The company has a 50 day moving average of $8.02 and a 200-day moving average of $9.63.

About CommScope (Get Rating)

CommScope Holding Company, Inc provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Outdoor Wireless Networks (OWN), Venue and Campus Networks (VCN), and Home Networks (Home). The Broadband segment provides converged cable access platforms, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copper connectivity products, and hardened closures to the telco and cable provider broadband market.

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