Comtech Telecommunications (NASDAQ:CMTL) Issues Quarterly Earnings Results

Comtech Telecommunications (NASDAQ:CMTL) posted its earnings results on Monday. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07, Fidelity Earnings reports. The business had revenue of $139.38 million during the quarter, compared to analyst estimates of $140.55 million. Comtech Telecommunications had a positive return on equity of 3.34% and a negative net margin of 14.54%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.05 earnings per share.

Shares of NASDAQ:CMTL opened at $25.66 on Wednesday. The company has a market capitalization of $668.44 million, a price-to-earnings ratio of -7.68 and a beta of 1.93. The stock has a fifty day moving average of $24.48. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.45. Comtech Telecommunications has a 12-month low of $12.96 and a 12-month high of $30.40.

The business also recently declared a quarterly dividend, which was paid on Friday, May 21st. Stockholders of record on Wednesday, April 21st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Tuesday, April 20th. Comtech Telecommunications’s payout ratio is currently 51.95%.

Several brokerages have issued reports on CMTL. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lowered their price objective on shares of Comtech Telecommunications from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday. Citigroup decreased their target price on shares of Comtech Telecommunications from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday. Zacks Investment Research downgraded shares of Comtech Telecommunications from a “buy” rating to a “hold” rating in a research note on Wednesday, March 24th. Finally, Northland Securities decreased their price objective on shares of Comtech Telecommunications from $31.00 to $28.00 and set an “outperform” rating for the company in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $30.00.

Comtech Telecommunications Company Profile

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.

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Earnings History for Comtech Telecommunications (NASDAQ:CMTL)

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