Brokerages forecast that Comtech Telecomm. Corp. (NASDAQ:CMTL) will announce earnings per share of $0.21 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Comtech Telecomm.’s earnings. Comtech Telecomm. reported earnings per share of $0.34 in the same quarter last year, which would indicate a negative year-over-year growth rate of 38.2%. The company is scheduled to report its next earnings report on Wednesday, June 5th.

On average, analysts expect that Comtech Telecomm. will report full-year earnings of $0.96 per share for the current fiscal year, with EPS estimates ranging from $0.93 to $0.98. For the next fiscal year, analysts forecast that the company will report earnings of $1.20 per share, with EPS estimates ranging from $1.08 to $1.36. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Comtech Telecomm..

Comtech Telecomm. (NASDAQ:CMTL) last posted its earnings results on Wednesday, March 6th. The communications equipment provider reported $0.32 EPS for the quarter, beating the consensus estimate of $0.16 by $0.16. Comtech Telecomm. had a return on equity of 6.56% and a net margin of 4.21%. The firm had revenue of $164.10 million for the quarter, compared to analysts’ expectations of $159.96 million. During the same period last year, the firm earned $0.07 EPS. The firm’s revenue was up 22.7% compared to the same quarter last year.

Several equities analysts have recently issued reports on the company. BidaskClub upgraded Comtech Telecomm. from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 7th. ValuEngine upgraded Comtech Telecomm. from a “hold” rating to a “buy” rating in a research report on Thursday, February 14th. Noble Financial reiterated a “buy” rating and set a $38.00 price target on shares of Comtech Telecomm. in a research report on Wednesday, March 13th. Finally, Zacks Investment Research cut Comtech Telecomm. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Two research 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. The company has an average rating of “Hold” and a consensus target price of $34.80.

CMTL traded down $0.10 during trading hours on Friday, hitting $23.65. The company’s stock had a trading volume of 74,380 shares, compared to its average volume of 200,797. Comtech Telecomm. has a fifty-two week low of $20.94 and a fifty-two week high of $36.94. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.20 and a quick ratio of 1.53. The stock has a market cap of $570.58 million, a P/E ratio of 31.53, a P/E/G ratio of 4.19 and a beta of 1.31.

The company 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 dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Tuesday, April 16th. Comtech Telecomm.’s dividend payout ratio (DPR) is presently 53.33%.

Several hedge funds have recently modified their holdings of CMTL. SG Americas Securities LLC increased its position in shares of 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 valued at $263,000 after purchasing an additional 3,716 shares during the period. BlackRock Inc. grew its holdings in shares of Comtech Telecomm. by 2.5% in the 3rd quarter. BlackRock Inc. now owns 3,525,834 shares of the communications equipment provider’s stock worth $127,881,000 after acquiring an additional 87,030 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Comtech Telecomm. by 48.0% in the 3rd quarter. Renaissance Technologies LLC now owns 506,850 shares of the communications equipment provider’s stock worth $18,383,000 after acquiring an additional 164,300 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Comtech Telecomm. in the 3rd quarter worth $266,000. Finally, MetLife Investment Advisors LLC grew its holdings in shares of Comtech Telecomm. by 52.0% in the 3rd quarter. MetLife Investment Advisors LLC now owns 17,440 shares of the communications equipment provider’s stock worth $633,000 after acquiring an additional 5,965 shares during the last quarter. Institutional investors own 87.37% of the company’s stock.

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.

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