CommScope (COMM) Set to Announce Earnings on Thursday

CommScope (NASDAQ:COMMGet Rating) is scheduled to release its earnings data before the market opens on Thursday, May 5th. Analysts expect CommScope to post earnings of $0.15 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

CommScope (NASDAQ:COMMGet Rating) last released its quarterly earnings data on Thursday, February 17th. The communications equipment provider reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.13. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.04 billion. CommScope had a negative net margin of 5.39% and a positive return on equity of 3,196.61%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the firm earned $0.49 EPS. On average, analysts expect CommScope to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NASDAQ:COMM opened at $6.14 on Thursday. The company has a 50-day moving average of $7.83 and a 200-day moving average of $9.51. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of -2.41, a PEG ratio of 0.18 and a beta of 1.65. CommScope has a 52 week low of $6.11 and a 52 week high of $22.18.

In other CommScope news, Director Claudius E. Iv Watts bought 6,000 shares of the stock in a transaction on Friday, March 4th. The stock was purchased at an average price of $8.87 per share, with a total value of $53,220.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Derrick A. Roman bought 7,500 shares of the company’s stock in a transaction on Friday, February 25th. The shares were acquired at an average price of $9.96 per share, with a total value of $74,700.00. The disclosure for this purchase can be found here. Insiders acquired a total of 28,500 shares of company stock valued at $251,500 in the last 90 days. Corporate insiders own 2.40% of the company’s stock.

Several institutional investors have recently made changes to their positions in COMM. Vident Investment Advisory LLC acquired a new position in CommScope in the fourth quarter valued at about $376,000. Comerica Bank increased its stake in shares of CommScope by 45.5% in the 4th quarter. Comerica Bank now owns 50,131 shares of the communications equipment provider’s stock valued at $460,000 after acquiring an additional 15,677 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in shares of CommScope in the 4th quarter valued at approximately $35,000. Parametric Portfolio Associates LLC boosted its stake in CommScope by 30.6% during the 4th quarter. Parametric Portfolio Associates LLC now owns 508,172 shares of the communications equipment provider’s stock worth $5,610,000 after acquiring an additional 119,113 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in CommScope by 25.3% in the fourth quarter. Sei Investments Co. now owns 154,564 shares of the communications equipment provider’s stock worth $1,707,000 after purchasing an additional 31,191 shares during the period. 87.30% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on COMM shares. Raymond James cut shares of CommScope from a “market perform” rating to an “underperform” rating in a research report on Monday, April 11th. JPMorgan Chase & Co. dropped their target price on shares of CommScope from $13.00 to $11.00 in a research report on Thursday, January 20th. Bank of America cut shares of CommScope from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $12.00 to $8.00 in a research report on Friday, March 25th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of CommScope from $14.00 to $9.00 and set a “buy” rating for the company in a research report on Wednesday, April 13th. Finally, The Goldman Sachs Group cut shares of CommScope from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $18.00 to $9.00 in a research report on Friday, April 1st. 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $10.89.

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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Earnings History for CommScope (NASDAQ:COMM)

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