Analysts predict that Comtech Telecommunications Corp. (NASDAQ:CMTL – Get Rating) will post ($0.03) earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Comtech Telecommunications’ earnings. Comtech Telecommunications posted earnings per share of $0.03 in the same quarter last year, which would indicate a negative year over year growth rate of 200%. The company is scheduled to issue its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Comtech Telecommunications will report full-year earnings of $0.31 per share for the current financial year. For the next fiscal year, analysts forecast that the business will report earnings of $1.64 per share. Zacks’ EPS averages are an average based on a survey of sell-side analysts that cover Comtech Telecommunications.
Comtech Telecommunications (NASDAQ:CMTL – Get Rating) last posted its quarterly earnings results 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. Comtech Telecommunications had a negative net margin of 3.77% and a positive return on equity of 1.72%. The company had revenue of $120.40 million for the quarter, compared to the consensus estimate of $125.23 million. During the same period last year, the firm posted $0.27 EPS. The company’s revenue for the quarter was down 25.4% on a year-over-year basis.
Shares of NASDAQ:CMTL opened at $12.88 on Tuesday. The company’s 50-day moving average price is $15.82 and its 200 day moving average price is $20.67. Comtech Telecommunications has a fifty-two week low of $12.60 and a fifty-two week 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 also recently declared a quarterly dividend, which will be paid on Friday, May 20th. Stockholders of record on Wednesday, April 20th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Tuesday, April 19th. Comtech Telecommunications’s dividend payout ratio is -39.60%.
Large investors have recently added to or reduced their stakes in the company. Ensign Peak Advisors Inc increased its position in Comtech Telecommunications by 383.3% during the third quarter. Ensign Peak Advisors Inc now owns 5,800 shares of the communications equipment provider’s stock worth $149,000 after acquiring an additional 4,600 shares during the period. Mint Tower Capital Management B.V. bought a new stake in Comtech Telecommunications in the 4th quarter valued at $172,000. HighTower Advisors LLC acquired a new stake in shares of Comtech Telecommunications in the 3rd quarter valued at $214,000. Royal Bank of Canada boosted its stake in shares of Comtech Telecommunications by 12.9% in the 3rd quarter. Royal Bank of Canada now owns 8,971 shares of the communications equipment provider’s stock valued at $231,000 after purchasing an additional 1,024 shares in the last quarter. Finally, Lapides Asset Management LLC acquired a new stake in shares of Comtech Telecommunications in the 1st quarter valued at $179,000. 73.67% of the stock is currently owned by institutional investors.
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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