Analysts expect Comtech Telecomm. Corp. (NASDAQ:CMTL) to announce sales of $168.65 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Comtech Telecomm.’s earnings. The lowest sales estimate is $168.00 million and the highest is $169.30 million. Comtech Telecomm. reported sales of $164.13 million during the same quarter last year, which indicates a positive year-over-year growth rate of 2.8%. The firm is scheduled to issue its next earnings results on Wednesday, March 4th.
According to Zacks, analysts expect that Comtech Telecomm. will report full year sales of $720.95 million for the current fiscal year, with estimates ranging from $719.90 million to $722.00 million. For the next financial year, analysts forecast that the business will post sales of $753.70 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Comtech Telecomm..
Comtech Telecomm. (NASDAQ:CMTL) last announced its quarterly earnings results on Wednesday, December 4th. The communications equipment provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.08. The firm had revenue of $170.30 million for the quarter, compared to analysts’ expectations of $153.83 million. Comtech Telecomm. had a return on equity of 6.64% and a net margin of 4.10%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 earnings per share.
A number of equities analysts have commented on the company. ValuEngine raised Comtech Telecomm. from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Citigroup boosted their price objective on Comtech Telecomm. from $32.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. BidaskClub lowered Comtech Telecomm. from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 10th. Noble Financial reissued a “buy” rating and issued a $40.00 price objective on shares of Comtech Telecomm. in a research note on Thursday, November 28th. Finally, Northland Securities assumed coverage on Comtech Telecomm. in a research note on Thursday, December 5th. They issued a “buy” rating and a $44.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $37.50.
In other news, VP Richard L. Burt sold 40,703 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $34.33, for a total transaction of $1,397,333.99. Following the transaction, the vice president now owns 70,187 shares of the company’s stock, valued at $2,409,519.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.40% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Rhumbline Advisers lifted its stake in shares of Comtech Telecomm. by 6.6% during the third quarter. Rhumbline Advisers now owns 76,892 shares of the communications equipment provider’s stock valued at $2,499,000 after acquiring an additional 4,771 shares during the period. Pacific Ridge Capital Partners LLC lifted its stake in shares of Comtech Telecomm. by 2.1% during the second quarter. Pacific Ridge Capital Partners LLC now owns 270,050 shares of the communications equipment provider’s stock valued at $7,591,000 after acquiring an additional 5,504 shares during the period. BlackRock Inc. lifted its stake in shares of Comtech Telecomm. by 1.4% during the second quarter. BlackRock Inc. now owns 3,693,900 shares of the communications equipment provider’s stock valued at $103,837,000 after acquiring an additional 51,581 shares during the period. Rice Hall James & Associates LLC acquired a new position in shares of Comtech Telecomm. during the third quarter valued at $1,663,000. Finally, Millennium Management LLC lifted its stake in shares of Comtech Telecomm. by 420.9% during the third quarter. Millennium Management LLC now owns 371,916 shares of the communications equipment provider’s stock valued at $12,087,000 after acquiring an additional 300,523 shares during the period. 86.48% of the stock is currently owned by institutional investors and hedge funds.
Comtech Telecomm. stock traded down $0.08 on Friday, reaching $34.77. The company’s stock had a trading volume of 147,781 shares, compared to its average volume of 159,420. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.47 and a current ratio of 1.95. The company has a market cap of $849.98 million, a price-to-earnings ratio of 25.95, a PEG ratio of 4.87 and a beta of 1.52. The business’s fifty day moving average price is $35.45 and its 200 day moving average price is $30.07. Comtech Telecomm. has a twelve month low of $20.94 and a twelve month high of $38.00.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Tuesday, January 14th. Comtech Telecomm.’s dividend payout ratio (DPR) is presently 29.85%.
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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