Comtech Telecomm. (NASDAQ:CMTL) announced its quarterly earnings results on Thursday. The communications equipment provider reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.23, Fidelity Earnings reports. The company had revenue of $160.80 million for the quarter, compared to analyst estimates of $129.30 million. Comtech Telecomm. had a net margin of 5.22% and a return on equity of 3.67%. The firm’s revenue was up 32.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.07) earnings per share. Comtech Telecomm. updated its FY19 guidance to $0.95-1.08 EPS.

Shares of CMTL opened at $25.40 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.24 and a current ratio of 1.69. The company has a market cap of $597.88 million, a PE ratio of 33.80, a price-to-earnings-growth ratio of 5.19 and a beta of 1.54. Comtech Telecomm. has a 12-month low of $20.25 and a 12-month high of $36.94.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Wednesday, January 16th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.57%. Comtech Telecomm.’s dividend payout ratio (DPR) is presently 53.33%.

In other news, insider John Branscum sold 1,510 shares of the firm’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $31.94, for a total transaction of $48,229.40. Following the transaction, the insider now directly owns 45,323 shares in the company, valued at $1,447,616.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Edwin Kantor sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $34.55, for a total transaction of $34,550.00. Following the transaction, the director now owns 1,500 shares in the company, valued at $51,825. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,010 shares of company stock worth $133,779. Insiders own 7.30% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC lifted its holdings in shares of Comtech Telecomm. by 6.4% during the second quarter. FMR LLC now owns 29,500 shares of the communications equipment provider’s stock worth $940,000 after purchasing an additional 1,770 shares during the period. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Comtech Telecomm. by 29.9% during the second quarter. Metropolitan Life Insurance Co. NY now owns 7,991 shares of the communications equipment provider’s stock worth $255,000 after purchasing an additional 1,838 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of Comtech Telecomm. by 25.6% during the second quarter. BNP Paribas Arbitrage SA now owns 9,503 shares of the communications equipment provider’s stock worth $303,000 after purchasing an additional 1,939 shares during the period. Teachers Advisors LLC lifted its holdings in shares of Comtech Telecomm. by 4.6% during the third quarter. Teachers Advisors LLC now owns 46,274 shares of the communications equipment provider’s stock worth $1,678,000 after purchasing an additional 2,025 shares during the period. Finally, Legal & General Group Plc lifted its holdings in shares of Comtech Telecomm. by 7.0% during the second quarter. Legal & General Group Plc now owns 46,714 shares of the communications equipment provider’s stock worth $1,493,000 after purchasing an additional 3,058 shares during the period. Institutional investors and hedge funds own 88.89% of the company’s stock.

Several equities analysts have commented on the stock. ValuEngine lowered shares of Comtech Telecomm. from a “buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub lowered shares of Comtech Telecomm. from a “sell” rating to a “strong sell” rating in a research note on Friday, November 2nd. Zacks Investment Research lowered shares of Comtech Telecomm. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 28th. Finally, TheStreet lowered shares of Comtech Telecomm. from a “b-” rating to a “c+” rating in a research note on Thursday, November 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $35.17.

ILLEGAL ACTIVITY WARNING: “Comtech Telecomm. (CMTL) Issues Quarterly Earnings Results” was first published by Watch List News and is the property of of Watch List News. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://www.watchlistnews.com/comtech-telecomm-cmtl-issues-quarterly-earnings-results/2666996.html.

About Comtech Telecomm.

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.

Featured Story: Stock Selection – What is cash flow?

Earnings History for Comtech Telecomm. (NASDAQ:CMTL)

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