Comtech Telecomm. (NASDAQ:CMTL) Releases FY 2020 After-Hours Earnings Guidance

Comtech Telecomm. (NASDAQ:CMTL) issued an update on its FY 2020
After-Hours earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.42-1.56 for the period, compared to the Thomson Reuters consensus estimate of $1.38. The company issued revenue guidance of $712-732 million, compared to the consensus revenue estimate of $718.78 million.

Shares of NASDAQ:CMTL traded up $0.33 on Wednesday, reaching $36.44. The company’s stock had a trading volume of 191,735 shares, compared to its average volume of 158,057. The stock’s 50-day moving average is $34.82 and its two-hundred day moving average is $29.41. Comtech Telecomm. has a 52-week low of $20.94 and a 52-week high of $37.90. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.93 and a quick ratio of 1.41. The stock has a market capitalization of $880.00 million, a P/E ratio of 27.19, a PEG ratio of 5.21 and a beta of 1.52.

Comtech Telecomm. (NASDAQ:CMTL) last announced its earnings results on Tuesday, September 24th. The communications equipment provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.08. Comtech Telecomm. had a net margin of 3.73% and a return on equity of 6.29%. The business had revenue of $176.40 million during the quarter, compared to analysts’ expectations of $164.89 million. During the same period in the prior year, the company earned $0.31 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. Equities analysts forecast that Comtech Telecomm. will post 1.45 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Wednesday, October 16th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.10%. Comtech Telecomm.’s dividend payout ratio (DPR) is 29.85%.

A number of research analysts have recently issued reports on the stock. Northland Securities assumed coverage on shares of Comtech Telecomm. in a research note on Tuesday, November 26th. They set a buy rating and a $42.00 price target on the stock. ValuEngine upgraded shares of Comtech Telecomm. from a sell rating to a hold rating in a research note on Tuesday, November 12th. BidaskClub upgraded shares of Comtech Telecomm. from a buy rating to a strong-buy rating in a research note on Saturday, November 2nd. Citigroup boosted their price target on shares of Comtech Telecomm. from $32.00 to $36.00 and gave the stock a neutral rating in a research note on Thursday, September 26th. Finally, Noble Financial reiterated a buy rating and set a $40.00 price target on shares of Comtech Telecomm. in a research note on Thursday, November 28th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $37.00.

In other Comtech Telecomm. news, VP Richard L. Burt sold 40,703 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $34.33, for a total transaction of $1,397,333.99. Following the transaction, the vice president now directly owns 70,187 shares in the company, valued at $2,409,519.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.40% 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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