Comtech Telecomm. (CMTL) Releases FY19 Earnings Guidance
Comtech Telecomm. (NASDAQ:CMTL) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.89-1.10 for the period, compared to the Thomson Reuters consensus estimate of $0.75. The company issued revenue guidance of $600-625 million, compared to the consensus revenue estimate of $602.95 million.
NASDAQ:CMTL traded up $1.77 during midday trading on Wednesday, hitting $36.50. The company’s stock had a trading volume of 492,054 shares, compared to its average volume of 160,829. Comtech Telecomm. has a fifty-two week low of $17.11 and a fifty-two week high of $36.94. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.33. The company has a market cap of $802.88 million, a PE ratio of 104.21, a price-to-earnings-growth ratio of 8.98 and a beta of 1.49.
CMTL has been the topic of a number of analyst reports. BidaskClub raised shares of Comtech Telecomm. from a hold rating to a buy rating in a research note on Thursday, August 9th. Zacks Investment Research cut shares of Comtech Telecomm. from a strong-buy rating to a hold rating in a research note on Friday, August 10th. Citigroup raised their price objective on shares of Comtech Telecomm. from $33.00 to $34.00 and gave the stock a hold rating in a research note on Friday, June 8th. Noble Financial reaffirmed a buy rating and set a $34.00 price objective on shares of Comtech Telecomm. in a research note on Thursday, June 7th. Finally, ValuEngine cut shares of Comtech Telecomm. from a strong-buy rating to a buy rating in a research note on Tuesday, September 4th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $33.83.
Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment provides ground-based equipment, such as single channel per carrier modems and solid state amplifiers that facilitate the transmission of voice, video, and data, as well as offers traveling wave tube amplifiers comprising high power narrow-band amplifiers that are used to amplify signals from satellite earth stations; and safety and security technology solutions that enable 911 c.
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