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%.
WARNING: This story was first posted by WKRB News and is the sole property of of WKRB News. If you are viewing this story on another site, it was illegally copied and reposted in violation of U.S. and international copyright laws. The correct version of this story can be viewed at https://www.wkrb13.com/2019/06/06/comtech-telecomm-cmtl-announces-quarterly-earnings-results.html.
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.
Featured Article: What is channel trading?
Receive News & Ratings for Comtech Telecomm. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comtech Telecomm. and related companies with MarketBeat.com's FREE daily email newsletter.