Zacks: Analysts Expect Commscope Holding Company Inc (COMM) to Announce $0.37 EPS

Equities research analysts expect Commscope Holding Company Inc (NASDAQ:COMM) to post $0.37 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Commscope’s earnings, with the lowest EPS estimate coming in at $0.36 and the highest estimate coming in at $0.39. Commscope reported earnings per share of $0.47 during the same quarter last year, which would suggest a negative year over year growth rate of 21.3%. The business is scheduled to announce its next earnings report on Thursday, February 21st.

According to Zacks, analysts expect that Commscope will report full year earnings of $2.14 per share for the current year, with EPS estimates ranging from $2.11 to $2.20. For the next year, analysts anticipate that the company will report earnings of $2.16 per share, with EPS estimates ranging from $2.10 to $2.25. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Commscope.

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

Several research analysts have issued reports on the company. Zacks Investment Research cut Commscope from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 15th. Jefferies Financial Group raised Commscope from a “hold” rating to a “buy” rating and decreased their price target for the stock from $30.50 to $28.50 in a research note on Monday, November 26th. BidaskClub raised Commscope from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 26th. ValuEngine lowered Commscope from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 6th. Finally, Cross Research raised Commscope from a “hold” rating to a “buy” rating in a research note on Thursday, October 4th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $31.02.

NASDAQ:COMM opened at $18.79 on Friday. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.80 and a current ratio of 2.44. The stock has a market capitalization of $3.53 billion, a P/E ratio of 9.30, a P/E/G ratio of 2.84 and a beta of 1.09. Commscope has a 52-week low of $15.09 and a 52-week high of $41.60.

In other Commscope news, SVP Robert W. Granow acquired 4,000 shares of the company’s stock in a transaction on Monday, November 12th. The shares were bought at an average cost of $19.60 per share, for a total transaction of $78,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Frank B. Wyatt II acquired 7,500 shares of the company’s stock in a transaction on Wednesday, November 14th. The shares were acquired at an average price of $18.80 per share, for a total transaction of $141,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 76,500 shares of company stock worth $1,442,400. Company insiders own 3.35% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Commscope by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 17,155,725 shares of the communications equipment provider’s stock worth $527,711,000 after purchasing an additional 303,966 shares during the last quarter. Vanguard Group Inc grew its position in shares of Commscope by 1.8% in the 3rd quarter. Vanguard Group Inc now owns 17,155,725 shares of the communications equipment provider’s stock worth $527,711,000 after acquiring an additional 303,966 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Commscope by 42.4% in the 3rd quarter. Franklin Resources Inc. now owns 16,018,037 shares of the communications equipment provider’s stock worth $492,630,000 after acquiring an additional 4,769,769 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Commscope by 2.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,641,277 shares of the communications equipment provider’s stock worth $327,324,000 after acquiring an additional 303,348 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of Commscope by 2.8% in the 3rd quarter. BlackRock Inc. now owns 10,593,048 shares of the communications equipment provider’s stock worth $325,842,000 after acquiring an additional 290,848 shares in the last quarter.

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.

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