Comtech Telecomm. (CMTL) Announces Quarterly Earnings Results

Comtech Telecomm. (NASDAQ:CMTL) announced its earnings results on Wednesday. The communications equipment provider reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.21, RTT News reports. Comtech Telecomm. had a net margin of 4.21% and a return on equity of 6.56%. The business had revenue of $170.40 million during the quarter, compared to analyst estimates of $162.30 million. During the same period in the previous year, the business posted $0.34 earnings per share. Comtech Telecomm.’s revenue for the quarter was up 15.2% on a year-over-year basis.

Shares of CMTL traded up $0.15 during mid-day trading on Wednesday, reaching $22.73. The company’s stock had a trading volume of 185,900 shares, compared to its average volume of 164,258. The firm has a market cap of $544.86 million, a price-to-earnings ratio of 30.31, a PEG ratio of 3.88 and a beta of 1.30. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.53 and a current ratio of 2.20. Comtech Telecomm. has a 52 week low of $20.94 and a 52 week high of $36.94.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Wednesday, July 17th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.76%. Comtech Telecomm.’s payout ratio is 53.33%.

A number of equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Comtech Telecomm. from a “strong sell” rating to a “sell” rating in a report on Thursday, February 7th. ValuEngine upgraded shares of Comtech Telecomm. from a “hold” rating to a “buy” rating in a report on Thursday, February 14th. Zacks Investment Research lowered shares of Comtech Telecomm. from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Finally, Noble Financial restated a “buy” rating and issued a $38.00 price objective on shares of Comtech Telecomm. in a report on Wednesday, March 13th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $34.80.

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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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Earnings History for Comtech Telecomm. (NASDAQ:CMTL)

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