Wall Street brokerages forecast that Comtech Telecomm. Corp. (NASDAQ:CMTL) will report $171.10 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Comtech Telecomm.’s earnings. The highest sales estimate is $172.00 million and the lowest is $170.20 million. Comtech Telecomm. reported sales of $164.13 million in the same quarter last year, which would suggest a positive year over year growth rate of 4.2%. The firm is scheduled to issue its next earnings report on Wednesday, March 4th.
On average, analysts expect that Comtech Telecomm. will report full year sales of $719.70 million for the current fiscal year, with estimates ranging from $719.40 million to $720.00 million. For the next financial year, analysts anticipate that the firm will post sales of $750.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Comtech Telecomm..
Comtech Telecomm. (NASDAQ:CMTL) last released its quarterly earnings data on Wednesday, December 4th. The communications equipment provider reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.08. The business had revenue of $170.30 million during the quarter, compared to analysts’ expectations of $153.83 million. Comtech Telecomm. had a net margin of 3.73% and a return on equity of 6.29%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS.
NASDAQ:CMTL opened at $35.10 on Friday. Comtech Telecomm. has a 1 year low of $20.94 and a 1 year high of $38.00. The company has a current ratio of 1.93, a quick ratio of 1.41 and a debt-to-equity ratio of 0.31. The stock has a market cap of $855.35 million, a price-to-earnings ratio of 26.19, a PEG ratio of 5.21 and a beta of 1.52. The stock has a 50-day moving average price of $35.09 and a two-hundred day moving average price of $29.62.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Wednesday, January 15th will be given a $0.10 dividend. The ex-dividend date is Tuesday, January 14th. This represents a $0.40 annualized dividend and a yield of 1.14%. Comtech Telecomm.’s dividend payout ratio is currently 29.85%.
In related news, VP Richard L. Burt sold 40,703 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $34.33, for a total value of $1,397,333.99. Following the completion of the transaction, the vice president now directly owns 70,187 shares of the company’s stock, valued at approximately $2,409,519.71. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.40% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers grew its stake in shares of Comtech Telecomm. by 6.6% during the 3rd quarter. Rhumbline Advisers now owns 76,892 shares of the communications equipment provider’s stock worth $2,499,000 after acquiring an additional 4,771 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its stake in shares of Comtech Telecomm. by 2.1% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 270,050 shares of the communications equipment provider’s stock worth $7,591,000 after acquiring an additional 5,504 shares in the last quarter. BlackRock Inc. grew its stake in shares of Comtech Telecomm. by 1.4% during the 2nd quarter. BlackRock Inc. now owns 3,693,900 shares of the communications equipment provider’s stock worth $103,837,000 after acquiring an additional 51,581 shares in the last quarter. Rice Hall James & Associates LLC acquired a new stake in shares of Comtech Telecomm. in the third quarter valued at approximately $1,663,000. Finally, Millennium Management LLC raised its holdings in shares of Comtech Telecomm. by 420.9% in the third quarter. Millennium Management LLC now owns 371,916 shares of the communications equipment provider’s stock valued at $12,087,000 after purchasing an additional 300,523 shares during the last quarter. 86.48% of the stock is currently owned by institutional investors and hedge funds.
About Comtech Telecomm.
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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