CommScope (COMM) to Release Earnings on Thursday

CommScope (NASDAQ:COMM) will announce its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.21) per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

CommScope (NASDAQ:COMM) last issued its quarterly earnings results on Thursday, February 29th. The communications equipment provider reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.53 billion. CommScope had a negative return on equity of 7.18% and a negative net margin of 21.64%. On average, analysts expect CommScope to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CommScope Price Performance

CommScope stock opened at $0.92 on Tuesday. The stock has a market capitalization of $196.22 million, a PE ratio of -0.13 and a beta of 2.02. The business has a 50 day simple moving average of $1.20 and a 200-day simple moving average of $1.83. CommScope has a 12 month low of $0.86 and a 12 month high of $6.65.

Insider Buying and Selling

In related news, Director L William Krause bought 57,300 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was acquired at an average cost of $1.59 per share, with a total value of $91,107.00. Following the purchase, the director now directly owns 227,873 shares of the company’s stock, valued at $362,318.07. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

COMM has been the subject of a number of research analyst reports. StockNews.com cut shares of CommScope from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of CommScope in a report on Monday, March 4th. Bank of America decreased their target price on CommScope from $2.00 to $1.00 and set an “underperform” rating on the stock in a research report on Wednesday, March 13th. Finally, Northland Securities reiterated a “market perform” rating on shares of CommScope in a research report on Friday, March 1st. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $4.02.

CommScope Company Profile

CommScope Holding Company, Inc provides infrastructure solutions for communications, data center, and entertainment networks worldwide. The company operates through Connectivity and Cable Solutions (CCS); Outdoor Wireless Networks (OWN); Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS) segments.