Comtech Telecommunications Corp. (NASDAQ:CMTL) Expected to Announce Quarterly Sales of $122.33 Million

Analysts predict that Comtech Telecommunications Corp. (NASDAQ:CMTLGet Rating) will announce $122.33 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Comtech Telecommunications’ earnings. The highest sales estimate is $123.00 million and the lowest is $122.00 million. Comtech Telecommunications posted sales of $139.38 million in the same quarter last year, which would indicate a negative year over year growth rate of 12.2%. The firm is scheduled to announce 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 expect that the firm will report sales of $585.77 million, with estimates ranging from $548.30 million to $635.00 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover 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 for the quarter, topping the consensus estimate of ($0.14) by $0.11. Comtech Telecommunications had a positive return on equity of 1.72% and a negative net margin of 3.77%. The company had revenue of $120.40 million during the quarter, compared to analyst estimates of $125.23 million. During the same period in the prior year, the business posted $0.27 earnings per share. The firm’s revenue for the quarter was down 25.4% compared to the same quarter last year.

CMTL has been the subject of several research analyst reports. StockNews.com initiated coverage on Comtech Telecommunications in a research report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research upgraded Comtech Telecommunications from a “sell” rating to a “hold” rating in a research report on Wednesday, February 9th. Finally, TheStreet lowered Comtech Telecommunications from a “c-” rating to a “d+” rating in a research report on Wednesday, May 4th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $27.00.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mint Tower Capital Management B.V. acquired a new stake in shares of Comtech Telecommunications in the fourth quarter valued at $172,000. Gabelli Funds LLC grew its holdings in shares of Comtech Telecommunications by 40.0% during the third quarter. Gabelli Funds LLC now owns 18,151 shares of the communications equipment provider’s stock worth $465,000 after buying an additional 5,187 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Comtech Telecommunications by 75.2% during the third quarter. UBS Asset Management Americas Inc. now owns 22,586 shares of the communications equipment provider’s stock worth $578,000 after buying an additional 9,694 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Comtech Telecommunications in the 4th quarter valued at approximately $797,000. Finally, PEAK6 Investments LLC boosted its holdings in Comtech Telecommunications by 66.3% in the 3rd quarter. PEAK6 Investments LLC now owns 63,084 shares of the communications equipment provider’s stock valued at $1,616,000 after purchasing an additional 25,153 shares in the last quarter. Institutional investors and hedge funds own 73.67% of the company’s stock.

CMTL opened at $12.61 on Thursday. Comtech Telecommunications has a 52 week low of $11.19 and a 52 week high of $27.70. The business has a fifty day simple moving average of $14.05 and a 200-day simple moving average of $19.57. The firm has a market cap of $334.37 million, a P/E ratio of -12.49 and a beta of 1.55. The company has a quick ratio of 0.87, a current ratio of 1.28 and a debt-to-equity ratio of 0.24.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 20th. Stockholders of record on Wednesday, April 20th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Tuesday, April 19th. Comtech Telecommunications’s payout ratio is currently -39.60%.

About Comtech Telecommunications (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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