Wall Street analysts forecast that Comtech Telecomm. Corp. (NASDAQ:CMTL) will report $163.17 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Comtech Telecomm.’s earnings, with the lowest sales estimate coming in at $162.70 million and the highest estimate coming in at $163.80 million. Comtech Telecomm. reported sales of $147.85 million in the same quarter last year, which indicates a positive year-over-year growth rate of 10.4%. The business is scheduled to report its next quarterly earnings report on Wednesday, June 5th.

On average, analysts expect that Comtech Telecomm. will report full-year sales of $654.56 million for the current year, with estimates ranging from $652.70 million to $657.98 million. For the next year, analysts expect that the firm will report sales of $689.77 million, with estimates ranging from $670.00 million to $700.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Comtech Telecomm..

Comtech Telecomm. (NASDAQ:CMTL) last released its quarterly earnings results on Wednesday, March 6th. The communications equipment provider reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.16. The firm had revenue of $164.10 million during the quarter, compared to analyst estimates of $159.96 million. Comtech Telecomm. had a return on equity of 6.56% and a net margin of 4.21%. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.07 EPS.

CMTL has been the subject of several recent research reports. ValuEngine raised Comtech Telecomm. from a “hold” rating to a “buy” rating in a research report on Thursday, February 14th. BidaskClub lowered Comtech Telecomm. from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Zacks Investment Research lowered Comtech Telecomm. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Finally, Noble Financial reissued a “buy” rating and issued a $38.00 price target on shares of Comtech Telecomm. in a research report on Wednesday, March 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Comtech Telecomm. currently has an average rating of “Hold” and an average target price of $34.80.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its stake in Comtech Telecomm. by 104.9% during the 3rd quarter. SG Americas Securities LLC now owns 7,260 shares of the communications equipment provider’s stock worth $263,000 after buying an additional 3,716 shares during the last quarter. BlackRock Inc. grew its stake in Comtech Telecomm. by 2.5% during the 3rd quarter. BlackRock Inc. now owns 3,525,834 shares of the communications equipment provider’s stock worth $127,881,000 after buying an additional 87,030 shares during the last quarter. Renaissance Technologies LLC grew its stake in Comtech Telecomm. by 48.0% during the 3rd quarter. Renaissance Technologies LLC now owns 506,850 shares of the communications equipment provider’s stock worth $18,383,000 after buying an additional 164,300 shares during the last quarter. Jane Street Group LLC purchased a new position in Comtech Telecomm. during the 3rd quarter worth $266,000. Finally, MetLife Investment Advisors LLC grew its stake in Comtech Telecomm. by 52.0% during the 3rd quarter. MetLife Investment Advisors LLC now owns 17,440 shares of the communications equipment provider’s stock worth $633,000 after buying an additional 5,965 shares during the last quarter. 87.37% of the stock is owned by hedge funds and other institutional investors.

CMTL opened at $23.27 on Tuesday. The firm has a market capitalization of $570.58 million, a PE ratio of 31.03, a P/E/G ratio of 4.19 and a beta of 1.31. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.20 and a quick ratio of 1.53. Comtech Telecomm. has a 12 month low of $20.94 and a 12 month high of $36.94.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Wednesday, April 17th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Tuesday, April 16th. Comtech Telecomm.’s payout ratio is 53.33%.

Comtech Telecomm. Company Profile

Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment offers ground-based equipment, including single channel per carrier modems and solid-state amplifiers that facilitate the transmission of voice, video, and data over satellite links; and traveling wave tube amplifiers, such as high power narrow-band amplifiers used to amplify signals from satellite earth stations, as well as safety and security technologies.

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