CommScope (COMM) Scheduled to Post Earnings on Thursday

CommScope (NASDAQ:COMM) will be announcing its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.21) per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

CommScope (NASDAQ:COMM) last announced its earnings results on Thursday, February 29th. The communications equipment provider reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.09). CommScope had a negative return on equity of 7.18% and a negative net margin of 21.64%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.53 billion. On average, analysts expect CommScope to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CommScope Stock Down 2.9 %

Shares of COMM stock opened at $0.87 on Thursday. The stock has a market capitalization of $184.25 million, a PE ratio of -0.12 and a beta of 1.98. CommScope has a 52 week low of $0.86 and a 52 week high of $6.65. The firm has a 50 day moving average of $1.25 and a two-hundred day moving average of $1.86.

Wall Street Analysts Forecast Growth

COMM has been the topic of a number of recent analyst reports. StockNews.com downgraded CommScope from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Bank of America reduced their price objective on shares of CommScope from $2.00 to $1.00 and set an “underperform” rating for the company in a research report on Wednesday, March 13th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of CommScope in a research report on Monday, March 4th. Finally, Northland Securities reissued a “market perform” rating on shares of CommScope in a research report on Friday, March 1st. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $4.02.

Insider Buying and Selling at CommScope

In other news, Director L William Krause bought 57,300 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was purchased at an average price of $1.59 per share, with a total value of $91,107.00. Following the purchase, the director now owns 227,873 shares of the company’s stock, valued at approximately $362,318.07. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is owned by corporate insiders.

About CommScope

CommScope Holding Company, Inc provides infrastructure solutions for communications, data center, and entertainment networks worldwide. The company operates through Connectivity and Cable Solutions (CCS); Outdoor Wireless Networks (OWN); Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS) segments.