Shares of Comtech Telecomm. Corp. (NASDAQ:CMTL) have been given a consensus recommendation of “Buy” by the six brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $39.00.
A number of analysts recently weighed in on CMTL shares. Zacks Investment Research lowered shares of Comtech Telecomm. from a “buy” rating to a “hold” rating in a report on Monday, August 12th. ValuEngine raised shares of Comtech Telecomm. from a “sell” rating to a “hold” rating in a report on Friday, June 7th. BidaskClub raised shares of Comtech Telecomm. from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Finally, TheStreet raised shares of Comtech Telecomm. from a “c+” rating to a “b-” rating in a report on Monday, June 24th.
Shares of CMTL stock traded up $0.59 during trading on Friday, reaching $27.49. 109,600 shares of the company’s stock traded hands, compared to its average volume of 103,001. The company has a market capitalization of $666.45 million, a P/E ratio of 36.65, a PEG ratio of 3.76 and a beta of 1.48. The company has a current ratio of 1.79, a quick ratio of 1.28 and a debt-to-equity ratio of 0.33. The firm’s 50-day moving average is $28.15 and its 200 day moving average is $25.29. Comtech Telecomm. has a 1 year low of $20.94 and a 1 year high of $36.94.
Comtech Telecomm. (NASDAQ:CMTL) last posted its earnings results on Wednesday, June 5th. The communications equipment provider reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.21. The business had revenue of $170.40 million for the quarter, compared to analyst estimates of $162.30 million. Comtech Telecomm. had a net margin of 3.98% and a return on equity of 6.88%. Comtech Telecomm.’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 EPS. As a group, sell-side analysts predict that Comtech Telecomm. will post 1.22 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Wednesday, July 17th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Tuesday, July 16th. Comtech Telecomm.’s dividend payout ratio is currently 53.33%.
Hedge funds have recently added to or reduced their stakes in the stock. Intrinsic Edge Capital Management LLC bought a new stake in shares of Comtech Telecomm. in the second quarter worth approximately $1,630,000. Susquehanna International Group LLP grew its stake in shares of Comtech Telecomm. by 41.7% in the second quarter. Susquehanna International Group LLP now owns 8,360 shares of the communications equipment provider’s stock worth $235,000 after acquiring an additional 2,460 shares during the period. Nuveen Asset Management LLC bought a new stake in shares of Comtech Telecomm. in the second quarter worth approximately $11,076,000. Cubist Systematic Strategies LLC purchased a new position in shares of Comtech Telecomm. in the second quarter worth approximately $360,000. Finally, Morgan Stanley boosted its holdings in shares of Comtech Telecomm. by 405.4% in the second quarter. Morgan Stanley now owns 108,576 shares of the communications equipment provider’s stock worth $3,052,000 after buying an additional 87,092 shares during the last quarter. 86.53% of the stock is currently owned by institutional investors.
Comtech Telecomm. Company Profile
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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