Wall Street brokerages expect Commscope Holding Company Inc (NASDAQ:COMM) to post earnings of $0.66 per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Commscope’s earnings, with the highest EPS estimate coming in at $0.68 and the lowest estimate coming in at $0.63. Commscope reported earnings of $0.55 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 20%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Thursday, November 8th.

On average, analysts expect that Commscope will report full year earnings of $2.41 per share for the current year, with EPS estimates ranging from $2.31 to $2.47. For the next year, analysts expect that the business will report earnings of $2.66 per share, with EPS estimates ranging from $2.40 to $2.84. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Commscope.

Commscope (NASDAQ:COMM) last issued its earnings results on Tuesday, July 31st. The communications equipment provider reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.03. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Commscope had a return on equity of 24.14% and a net margin of 4.43%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS.

Several analysts have recently commented on COMM shares. MED started coverage on shares of Commscope in a research report on Wednesday, June 20th. They set a “neutral” rating and a $32.00 price target on the stock. Rosenblatt Securities started coverage on shares of Commscope in a research report on Wednesday, June 20th. They set a “neutral” rating and a $32.00 price target on the stock. BidaskClub lowered shares of Commscope from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 23rd. Zacks Investment Research raised shares of Commscope from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 3rd. Finally, Credit Suisse Group set a $31.00 price target on shares of Commscope and gave the company a “hold” rating in a research report on Wednesday, July 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $34.88.

Shares of COMM stock traded up $0.62 during trading on Tuesday, hitting $25.77. 1,728,100 shares of the stock traded hands, compared to its average volume of 1,644,184. The firm has a market cap of $5.91 billion, a PE ratio of 12.66, a PEG ratio of 1.67 and a beta of 0.99. The company has a debt-to-equity ratio of 2.57, a quick ratio of 2.16 and a current ratio of 2.77. Commscope has a 52-week low of $24.82 and a 52-week high of $41.60.

A number of hedge funds and other institutional investors have recently made changes to their positions in COMM. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new stake in Commscope in the second quarter valued at approximately $123,000. Twin Tree Management LP purchased a new stake in Commscope in the second quarter valued at approximately $151,000. NumerixS Investment Technologies Inc raised its position in Commscope by 6,300.0% in the second quarter. NumerixS Investment Technologies Inc now owns 6,400 shares of the communications equipment provider’s stock valued at $185,000 after purchasing an additional 6,300 shares during the period. Advisors Asset Management Inc. raised its position in Commscope by 54.7% in the second quarter. Advisors Asset Management Inc. now owns 14,583 shares of the communications equipment provider’s stock valued at $194,000 after purchasing an additional 5,156 shares during the period. Finally, Hartford Investment Management Co. purchased a new stake in Commscope in the second quarter valued at approximately $202,000.

Commscope Company Profile

CommScope Holding Company, Inc provides infrastructure solutions for communications networks worldwide. The company's CommScope Connectivity Solutions segment offers optical fiber and twisted pair structured cable solutions, intelligent infrastructure software, and network rack and cabinet enclosures under the SYSTIMAX, NETCONNECT, and Uniprise brands; and fiber management systems, patch cords and panels, pre-terminated fiber connectivity, complete cabling systems, and cable assemblies for use in offices and data centers.

Read More: What is the Ex-Dividend Date in Investing?

Get a free copy of the Zacks research report on Commscope (COMM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Commscope Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commscope and related companies with MarketBeat.com's FREE daily email newsletter.