Comtech Telecomm. Corp. (NASDAQ:CMTL) announced a quarterly dividend on Thursday, December 6th, RTT News reports. Investors of record on Wednesday, January 16th will be given a dividend of 0.10 per share by the communications equipment provider on Friday, February 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.57%.
Comtech Telecomm. has decreased its dividend by an average of 30.7% annually over the last three years. Comtech Telecomm. has a dividend payout ratio of 41.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Comtech Telecomm. to earn $1.14 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 35.1%.
Comtech Telecomm. stock opened at $25.40 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.24 and a current ratio of 1.69. The company has a market cap of $597.88 million, a P/E ratio of 33.87, a PEG ratio of 5.19 and a beta of 1.54. Comtech Telecomm. has a 1-year low of $20.25 and a 1-year high of $36.94.
Comtech Telecomm. (NASDAQ:CMTL) last posted its earnings results on Thursday, December 6th. The communications equipment provider reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.23. The business had revenue of $160.80 million for the quarter, compared to analyst estimates of $129.30 million. Comtech Telecomm. had a net margin of 5.22% and a return on equity of 3.67%. Comtech Telecomm.’s revenue was up 32.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.07) EPS. Research analysts expect that Comtech Telecomm. will post 0.96 EPS for the current year.
A number of analysts recently weighed in on CMTL shares. BidaskClub raised shares of Comtech Telecomm. from a “hold” rating to a “buy” rating in a report on Thursday, August 9th. Zacks Investment Research lowered shares of Comtech Telecomm. from a “strong-buy” rating to a “hold” rating in a report on Friday, August 10th. BMO Capital Markets upped their target price on shares of Comtech Telecomm. from $37.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, September 28th. ValuEngine lowered shares of Comtech Telecomm. from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 4th. Finally, TheStreet lowered shares of Comtech Telecomm. from a “b-” rating to a “c+” rating in a report on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Comtech Telecomm. has an average rating of “Hold” and a consensus price target of $35.17.
In other news, Director Edwin Kantor sold 1,000 shares of the stock in a transaction on Thursday, October 4th. The shares were sold at an average price of $34.55, for a total value of $34,550.00. Following the transaction, the director now owns 1,500 shares of the company’s stock, valued at approximately $51,825. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider John Branscum sold 1,510 shares of the stock in a transaction on Monday, October 15th. The stock was sold at an average price of $31.94, for a total transaction of $48,229.40. Following the completion of the transaction, the insider now directly owns 45,323 shares in the company, valued at approximately $1,447,616.62. The disclosure for this sale can be found here. Insiders sold a total of 4,010 shares of company stock worth $133,779 in the last three months. Insiders own 7.30% of the company’s stock.
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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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