Analysts forecast that Comtech Telecomm. Corp. (NASDAQ:CMTL) will post sales of $159.83 million for the current quarter, according to Zacks. Three analysts have made estimates for Comtech Telecomm.’s earnings, with the highest sales estimate coming in at $161.00 million and the lowest estimate coming in at $157.50 million. Comtech Telecomm. reported sales of $133.73 million in the same quarter last year, which would suggest a positive year over year growth rate of 19.5%. The business is expected to announce its next quarterly earnings report on Wednesday, March 6th.

On average, analysts expect that Comtech Telecomm. will report full-year sales of $631.80 million for the current financial year, with estimates ranging from $627.90 million to $634.80 million. For the next financial year, analysts expect that the business will report sales of $664.93 million, with estimates ranging from $657.00 million to $675.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Comtech Telecomm..

Comtech Telecomm. (NASDAQ:CMTL) last posted its quarterly earnings data on Thursday, December 6th. The communications equipment provider reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.23. The company had revenue of $160.80 million for the quarter, compared to analysts’ expectations of $129.30 million. Comtech Telecomm. had a net margin of 5.72% and a return on equity of 5.05%. Comtech Telecomm.’s revenue for the quarter was up 32.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.07) earnings per share.

Several research analysts recently weighed in on CMTL shares. BidaskClub cut shares of Comtech Telecomm. from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. BMO Capital Markets upped their price objective on shares of Comtech Telecomm. from $37.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, September 28th. Noble Financial set a $38.00 price objective on shares of Comtech Telecomm. and gave the stock a “buy” rating in a research report on Saturday, December 8th. TheStreet cut shares of Comtech Telecomm. from a “b-” rating to a “c+” rating in a research report on Thursday, November 15th. Finally, Zacks Investment Research upgraded shares of Comtech Telecomm. from a “hold” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research report on Monday, October 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $34.80.

CMTL stock opened at $25.65 on Tuesday. The company has a current ratio of 2.14, a quick ratio of 1.51 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $613.19 million, a P/E ratio of 34.20, a P/E/G ratio of 5.01 and a beta of 1.39. Comtech Telecomm. has a 1-year low of $20.62 and a 1-year high of $36.94.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Shareholders 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 yield of 1.56%. The ex-dividend date is Tuesday, January 15th. Comtech Telecomm.’s payout ratio is currently 53.33%.

In other Comtech Telecomm. news, Director Edwin Kantor sold 1,000 shares of the stock in a transaction that occurred on Tuesday, December 18th. The shares were sold at an average price of $25.50, for a total transaction of $25,500.00. Following the transaction, the director now directly owns 500 shares in the company, valued at $12,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.30% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of CMTL. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Comtech Telecomm. during the third quarter valued at approximately $205,000. USA Financial Portformulas Corp purchased a new stake in shares of Comtech Telecomm. during the third quarter valued at approximately $245,000. Metropolitan Life Insurance Co. NY boosted its stake 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 valued at $255,000 after purchasing an additional 1,838 shares during the period. United Services Automobile Association purchased a new stake in shares of Comtech Telecomm. during the second quarter valued at approximately $263,000. Finally, SG Americas Securities LLC boosted its stake in shares of Comtech Telecomm. by 104.9% during the third 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. Institutional investors and hedge funds own 88.90% 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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