Comtech Telecomm. (NASDAQ:CMTL) announced its quarterly earnings results on Wednesday, June 5th. The communications equipment provider reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.21, RTT News reports. Comtech Telecomm. had a net margin of 3.98% and a return on equity of 6.88%. The company had revenue of $170.40 million for the quarter, compared to analyst estimates of $162.30 million. During the same period in the previous year, the firm posted $0.34 EPS. The firm’s revenue was up 15.2% on a year-over-year basis.
Shares of Comtech Telecomm. stock traded up $0.44 during trading on Friday, reaching $28.11. 312,700 shares of the company traded hands, compared to its average volume of 169,974. The company has a quick ratio of 1.28, a current ratio of 1.79 and a debt-to-equity ratio of 0.33. Comtech Telecomm. has a 1-year low of $20.94 and a 1-year high of $36.94. The company has a 50 day moving average price of $24.44. The company has a market cap of $676.10 million, a price-to-earnings ratio of 37.48, a PEG ratio of 4.59 and a beta of 1.30.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Wednesday, July 17th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, July 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.42%. Comtech Telecomm.’s payout ratio is presently 53.33%.
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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