$0.58 EPS Expected for Commscope Holding Company Inc (COMM) This Quarter

Analysts expect Commscope Holding Company Inc (NASDAQ:COMM) to announce earnings per share of $0.58 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Commscope’s earnings. The highest EPS estimate is $0.63 and the lowest is $0.51. Commscope posted earnings of $0.47 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 23.4%. The company is expected to issue its next quarterly earnings results on Thursday, February 21st.

On average, analysts expect that Commscope will report full year earnings of $2.41 per share for the current financial year, with EPS estimates ranging from $2.31 to $2.47. For the next fiscal year, analysts anticipate that the business will post earnings of $2.67 per share, with EPS estimates ranging from $2.40 to $2.84. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Commscope.

Commscope (NASDAQ:COMM) last released its quarterly earnings data on Thursday, November 8th. The communications equipment provider reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.07). The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.22 billion. Commscope had a net margin of 4.43% and a return on equity of 24.14%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $0.55 earnings per share.

COMM has been the subject of a number of research reports. BidaskClub upgraded shares of Commscope from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 26th. ValuEngine lowered shares of Commscope from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Cross Research upgraded shares of Commscope from a “hold” rating to a “buy” rating in a research note on Thursday, October 4th. Goldman Sachs Group lowered shares of Commscope from a “buy” rating to a “neutral” rating and set a $32.00 target price for the company. in a research note on Tuesday, October 9th. Finally, Nomura lowered shares of Commscope from a “buy” rating to a “neutral” rating and decreased their target price for the company from $35.00 to $31.00 in a research note on Friday, October 5th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. Commscope has an average rating of “Hold” and a consensus price target of $33.79.

COMM traded down $0.17 during mid-day trading on Friday, reaching $19.39. 5,264,762 shares of the company traded hands, compared to its average volume of 1,860,964. The firm has a market cap of $4.76 billion, a PE ratio of 9.60, a P/E/G ratio of 1.35 and a beta of 1.23. The company has a current ratio of 2.77, a quick ratio of 2.16 and a debt-to-equity ratio of 2.57. Commscope has a 52-week low of $18.52 and a 52-week high of $41.60.

Several large investors have recently bought and sold shares of COMM. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new stake in shares of Commscope in the 2nd quarter worth $123,000. Twin Tree Management LP bought a new position in Commscope in the 2nd quarter worth $151,000. NumerixS Investment Technologies Inc boosted its holdings in Commscope by 6,300.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 6,400 shares of the communications equipment provider’s stock worth $185,000 after buying an additional 6,300 shares during the period. Advisors Asset Management Inc. boosted its holdings in Commscope by 54.7% in the 2nd quarter. Advisors Asset Management Inc. now owns 14,583 shares of the communications equipment provider’s stock worth $194,000 after buying an additional 5,156 shares during the period. Finally, Engineers Gate Manager LP bought a new position in Commscope in the 2nd quarter worth $202,000.

About Commscope

CommScope Holding Company, Inc provides infrastructure solutions for communications networks worldwide. The company's CommScope Connectivity Solutions segment offers optical fiber and twisted pair structured cable solutions, intelligent infrastructure software, and network rack and cabinet enclosures under the SYSTIMAX, NETCONNECT, and Uniprise brands; and fiber management systems, patch cords and panels, pre-terminated fiber connectivity, complete cabling systems, and cable assemblies for use in offices and data centers.

Recommended Story: How is an ETF different from a mutual fund?

Get a free copy of the Zacks research report on Commscope (COMM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Commscope Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commscope and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply