Comtech Telecomm. Corp. (CMTL) Expected to Post Earnings of $0.21 Per Share

Equities analysts forecast that Comtech Telecomm. Corp. (NASDAQ:CMTL) will post $0.21 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Comtech Telecomm.’s earnings. Comtech Telecomm. reported earnings of $0.34 per share in the same quarter last year, which suggests a negative year over year growth rate of 38.2%. The company is expected to issue its next quarterly earnings results on Wednesday, June 5th.

On average, analysts expect that Comtech Telecomm. will report full-year earnings of $0.96 per share for the current year, with EPS estimates ranging from $0.93 to $0.98. For the next fiscal year, analysts expect that the business will report earnings of $1.20 per share, with EPS estimates ranging from $1.08 to $1.36. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Comtech Telecomm..

Comtech Telecomm. (NASDAQ:CMTL) last released its quarterly earnings data on Wednesday, March 6th. The communications equipment provider reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.16. The firm had revenue of $164.10 million for the quarter, compared to analyst estimates of $159.96 million. Comtech Telecomm. had a return on equity of 6.56% and a net margin of 4.21%. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.07 earnings per share.

CMTL has been the topic of several research analyst reports. Noble Financial restated a “buy” rating and issued a $38.00 price objective on shares of Comtech Telecomm. in a research note on Wednesday, March 13th. BidaskClub lowered Comtech Telecomm. from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. ValuEngine lowered Comtech Telecomm. from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Finally, Zacks Investment Research upgraded Comtech Telecomm. from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Friday, March 8th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Comtech Telecomm. has an average rating of “Hold” and an average target price of $34.80.

NASDAQ:CMTL opened at $22.55 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.53 and a current ratio of 2.20. The company has a market capitalization of $534.87 million, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 3.92 and a beta of 1.29. Comtech Telecomm. has a 12-month low of $20.94 and a 12-month high of $36.94.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Wednesday, April 17th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, April 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.77%. Comtech Telecomm.’s dividend payout ratio (DPR) is currently 53.33%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its stake in shares of Comtech Telecomm. by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 16,921 shares of the communications equipment provider’s stock worth $412,000 after purchasing an additional 372 shares during the period. Legal & General Group Plc increased its stake in shares of Comtech Telecomm. by 1.0% during the fourth quarter. Legal & General Group Plc now owns 50,602 shares of the communications equipment provider’s stock worth $1,224,000 after purchasing an additional 514 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Comtech Telecomm. by 15.6% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,284 shares of the communications equipment provider’s stock worth $99,000 after purchasing an additional 577 shares during the period. Texas Permanent School Fund increased its stake in shares of Comtech Telecomm. by 3.8% during the first quarter. Texas Permanent School Fund now owns 16,232 shares of the communications equipment provider’s stock worth $377,000 after purchasing an additional 588 shares during the period. Finally, Resources Investment Advisors Inc. increased its stake in shares of Comtech Telecomm. by 56.9% during the fourth quarter. Resources Investment Advisors Inc. now owns 1,765 shares of the communications equipment provider’s stock worth $43,000 after purchasing an additional 640 shares during the period. Institutional investors own 87.59% of the company’s stock.

About Comtech Telecomm.

Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment offers ground-based equipment, including single channel per carrier modems and solid-state amplifiers that facilitate the transmission of voice, video, and data over satellite links; and traveling wave tube amplifiers, such as high power narrow-band amplifiers used to amplify signals from satellite earth stations, as well as safety and security technologies.

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