Comtech Telecommunications (NASDAQ:CMTL – Get Rating) is expected to release quarterly earnings data after the market closes Thursday, June 9. Analysts expect the company to report earnings of ($0.03) per share for the quarter. Comtech Telecommunications has set its guidance for fiscal year 2022 at EPS.
Comtech Telecommunications (NASDAQ:CMTL – Get Rating) last released its quarterly results on Thursday, March 10. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.11. Comtech Telecommunications reported a positive return on equity of 1.72% and a negative net margin of 3.77%. The company posted revenue of $120.40 million in the quarter, compared to analyst estimates of $125.23 million. In the same quarter of the previous year, the company achieved EPS of $0.27. Comtech Telecommunications quarterly revenue decreased 25.4% compared to the same quarter last year. On average, analysts expect Comtech Telecommunications to post EPS of $0 for the current fiscal year and EPS of $2 for the next fiscal year.
NASDAQ:CMTL traded down $0.05 during Friday’s midday session, hitting $13.07. The company’s shares had a trading volume of 106 shares, compared to its average volume of 116,469. Comtech Telecommunications has a 12-month low of $11.19 and a 12-month high of $27.70 . The company’s fifty-day moving average price is $13.68 and its two-hundred-day moving average price is $18.98. The company has a current ratio of 1.28, a quick ratio of 0.87 and a debt ratio of 0.24. The stock has a market capitalization of $346.62 million, a P/E ratio of -12.99 and a beta of 1.55.
The company also recently announced a quarterly dividend, which was paid on Friday, May 20. Shareholders of record on Wednesday, April 20 received a dividend of $0.10. This represents a dividend of $0.40 on an annualized basis and a yield of 3.06%. The ex-dividend date was Tuesday, April 19. The dividend payout ratio (DPR) of Comtech Telecommunications is -39.60%.
CMTL has been the subject of a number of recent analyst reports. TheStreet downgraded Comtech Telecommunications from a “c-” rating to a “d+” rating in a Wednesday, May 4 research report. Zacks Investment Research upgraded Comtech Telecommunications from a “sell” rating to a “hold” rating in a Wednesday, February 9 research report. Finally, StockNews.com launched coverage on Comtech Telecommunications in a research report on Thursday, March 31. They issued a “holding” rating for the company. Five equity research analysts gave the stock a hold rating and one gave the company a buy rating. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $27.00.
Institutional investors have recently increased or reduced their stake in the company. Royal Bank of Canada increased its stake in Comtech Telecommunications shares by 12.9% during the third quarter. Royal Bank of Canada now owns 8,971 shares of the communications equipment provider valued at $231,000 after purchasing an additional 1,024 shares during the period. Cubist Systematic Strategies LLC purchased a new stock position in Comtech Telecommunications during Q4, valued at approximately $315,000. MetLife Investment Management LLC increased its stake in shares of Comtech Telecommunications by 42.9% during the 1st quarter. MetLife Investment Management LLC now owns 13,790 shares of the communications equipment provider valued at $216,000 after acquiring an additional 4,139 shares during the period. Deutsche Bank AG increased its stake in Comtech Telecommunications shares by 5.5% during the 4th quarter. Deutsche Bank AG now owns 15,480 shares of the communications equipment supplier valued at $367,000 after acquiring an additional 808 shares during the period. Finally, Vident Investment Advisory LLC bought a new stock position in Comtech Telecommunications during Q4, valued at approximately $373,000. Institutional investors and hedge funds hold 73.67% of the company’s shares.
About Comtech Telecommunications (Get a rating)
Comtech Telecommunications Corp., together with its subsidiaries, 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 Business Solutions segment offers satellite ground station technologies, including single channel per carrier and time division multiple access modems, amplifiers, frequency converters and network software for modulating, demodulating and amplify signals, as well as to transport voice, video and/or data over networks; and public safety and location-based technologies, such as 911 call handling and mapping solutions that enable mobile carriers and voice-over-internet carriers to route emergency calls to call centers in public safety emergency.
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