Comtech Telecommunications (NASDAQ:CMTL) announced its earnings results on Monday. The communications equipment provider reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.07, Fidelity Earnings reports. The business had revenue of $139.38 million during the quarter, compared to the consensus estimate of $140.55 million. Comtech Telecommunications had a negative net margin of 14.54% and a positive return on equity of 3.34%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 earnings per share.
CMTL opened at $25.66 on Wednesday. Comtech Telecommunications has a 52-week low of $12.96 and a 52-week high of $30.40. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $668.44 million, a P/E ratio of -7.68 and a beta of 1.93. The firm’s 50-day moving average is $24.48.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 21st. Stockholders of record on Wednesday, April 21st were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, April 20th. This represents a $0.40 annualized dividend and a dividend yield of 1.56%. Comtech Telecommunications’s dividend payout ratio (DPR) is currently 51.95%.
About Comtech Telecommunications
Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions in the United States and internationally. It operates in two segments, Commercial Solutions and Government Solutions. The Commercial Solutions segment offers satellite ground station technologies, including modems, amplifiers, frequency converters, and network software to modulate, demodulate, and amplify signals, as well as to carry voice, video, and/or data over networks; and public safety and location technologies covering 911 call routing solutions that allow cellular carriers and over the Internet carriers to deliver emergency calls to public safety emergency call centers.
Further Reading: Dividend Yield
Receive News & Ratings for Comtech Telecommunications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comtech Telecommunications and related companies with MarketBeat.com's FREE daily email newsletter.