Comtech Telecomm. (NASDAQ:CMTL) Updates FY 2019 Earnings Guidance

Comtech Telecomm. (NASDAQ:CMTL) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.22-1.22 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.95. The company issued revenue guidance of $660-660 million, compared to the consensus revenue estimate of $655.18 million.Comtech Telecomm. also updated its FY19 guidance to ~$1.22 EPS.

NASDAQ CMTL traded up $0.44 during mid-day trading on Friday, hitting $28.11. The stock had a trading volume of 312,700 shares, compared to its average volume of 169,974. Comtech Telecomm. has a 52-week low of $20.94 and a 52-week high of $36.94. The firm has a market cap of $676.10 million, a P/E ratio of 37.48, a price-to-earnings-growth ratio of 4.59 and a beta of 1.30. The stock has a 50 day moving average price of $24.44. The company has a current ratio of 1.79, a quick ratio of 1.28 and a debt-to-equity ratio of 0.33.

Comtech Telecomm. (NASDAQ:CMTL) last released its quarterly earnings data on Wednesday, June 5th. The communications equipment provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.21. Comtech Telecomm. had a return on equity of 6.88% and a net margin of 3.98%. The firm had revenue of $170.40 million during the quarter, compared to the consensus estimate of $162.30 million. During the same period last year, the business posted $0.34 EPS. Comtech Telecomm.’s quarterly revenue was up 15.2% on a year-over-year basis. Sell-side analysts expect that Comtech Telecomm. will post 1.22 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Wednesday, July 17th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.42%. The ex-dividend date is Tuesday, July 16th. Comtech Telecomm.’s payout ratio is currently 53.33%.

Several equities analysts have weighed in on CMTL shares. ValuEngine raised Comtech Telecomm. from a sell rating to a hold rating in a research report on Friday, June 7th. BidaskClub downgraded Comtech Telecomm. from a hold rating to a sell rating in a research report on Friday, March 1st. Zacks Investment Research raised Comtech Telecomm. from a hold rating to a strong-buy rating and set a $30.00 price target for the company in a research report on Tuesday, June 11th. Finally, Noble Financial reissued a buy rating and set a $38.00 price target on shares of Comtech Telecomm. in a research report on Wednesday, March 13th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $36.00.

Comtech Telecomm. Company Profile

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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