Comtech Telecommunications Corp. SVP Unloads $1,052,235 in Stock (CMTL)
Comtech Telecommunications Corp. (NASDAQ:CMTL) SVP Larry Konopelko unloaded 33,500 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $31.41, for a total value of $1,052,235.00. Following the sale, the senior vice president now directly owns 13,761 shares of the company’s stock, valued at approximately $432,233. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) traded down 0.48% during mid-day trading on Monday, hitting $31.37. 153,908 shares of the company’s stock traded hands. Comtech Telecommunications Corp. has a one year low of $22.65 and a one year high of $33.65. The stock has a 50-day moving average of $31.52 and a 200-day moving average of $27.92. The company has a market cap of $504.0 million and a price-to-earnings ratio of 35.78.
Comtech Telecommunications Corp. (NASDAQ:CMTL) last released its earnings data on Thursday, December 5th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.05. The company had revenue of $83.37 million for the quarter, compared to the consensus estimate of $78.20 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was down 8.3% on a year-over-year basis. On average, analysts predict that Comtech Telecommunications Corp. will post $1.17 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, February 19th. Investors of record on Friday, January 17th will be paid a dividend of 0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Wednesday, January 15th. This is an increase from Comtech Telecommunications Corp.’s previous quarterly dividend of $0.28.
Separately, analysts at Thomson Reuters/Verus upgraded shares of Comtech Telecommunications Corp. from a “hold” rating to a “buy” rating in a research note to investors on Monday, October 28th.
Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for advanced communications solutions.
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