Analysts Anticipate Commscope Holding Company Inc (COMM) to Post $0.40 EPS

Brokerages expect Commscope Holding Company Inc (NASDAQ:COMM) to post $0.40 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Commscope’s earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.51. Commscope reported earnings of $0.47 per share during the same quarter last year, which indicates a negative year over year growth rate of 14.9%. The company is expected to issue its next quarterly earnings report on Thursday, February 21st.

According to Zacks, analysts expect that Commscope will report full-year earnings of $2.17 per share for the current year, with EPS estimates ranging from $2.12 to $2.31. For the next year, analysts expect that the company will report earnings of $2.20 per share, with EPS estimates ranging from $2.10 to $2.40. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Commscope.

Commscope (NASDAQ:COMM) last issued its earnings results on Thursday, November 8th. The communications equipment provider reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.07). The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.22 billion. Commscope had a return on equity of 23.68% and a net margin of 4.69%. Commscope’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 earnings per share.

A number of equities analysts have commented on COMM shares. Zacks Investment Research downgraded shares of Commscope from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 15th. BidaskClub upgraded shares of Commscope from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 26th. ValuEngine downgraded shares of Commscope from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 6th. Cross Research upgraded shares of Commscope from a “hold” rating to a “buy” rating in a research note on Thursday, October 4th. Finally, Goldman Sachs Group downgraded shares of Commscope from a “buy” rating to a “neutral” rating and set a $32.00 price objective on the stock. in a research note on Tuesday, October 9th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $32.96.

COMM stock traded down $0.21 during mid-day trading on Friday, reaching $17.62. The company had a trading volume of 710,792 shares, compared to its average volume of 4,955,245. The company has a debt-to-equity ratio of 2.27, a current ratio of 2.44 and a quick ratio of 1.80. The company has a market capitalization of $3.39 billion, a P/E ratio of 8.72, a P/E/G ratio of 2.81 and a beta of 1.23. Commscope has a 12 month low of $17.27 and a 12 month high of $41.60.

In other Commscope news, SVP Robert W. Granow acquired 4,000 shares of the company’s stock in a transaction dated Monday, November 12th. The shares were purchased at an average cost of $19.60 per share, for a total transaction of $78,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Frank B. Wyatt II bought 7,500 shares of the stock in a transaction on Wednesday, November 14th. The stock was purchased at an average price of $18.80 per share, with a total value of $141,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 76,500 shares of company stock worth $1,442,400. Insiders own 3.33% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new stake in Commscope in the second quarter valued at approximately $123,000. Twin Tree Management LP acquired a new stake in Commscope in the second quarter valued at approximately $151,000. NumerixS Investment Technologies Inc boosted its stake in Commscope by 6,300.0% in the second quarter. NumerixS Investment Technologies Inc now owns 6,400 shares of the communications equipment provider’s stock valued at $185,000 after acquiring an additional 6,300 shares in the last quarter. Virtu Financial LLC acquired a new stake in Commscope in the third quarter valued at approximately $205,000. Finally, IFM Investors Pty Ltd acquired a new stake in Commscope in the third quarter valued at approximately $209,000.

Commscope Company Profile

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: Short Selling

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