Communications Systems Inc. (JCS) Receives Average Rating of “Strong Buy” from Analysts
Shares of Communications Systems Inc. (NASDAQ:JCS) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokers have set a one year consensus price target of $10.00 for the company and are anticipating that the company will post ($0.26) EPS for the current quarter, according to Zacks. Zacks has also assigned Communications Systems an industry rank of 157 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised Communications Systems from a “sell” rating to a “hold” rating in a research note on Monday, July 18th.
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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Gamco Investors INC. ET AL increased its position in shares of Communications Systems by 30.6% in the second quarter. Gamco Investors INC. ET AL now owns 587,958 shares of the company’s stock worth $4,098,000 after buying an additional 137,883 shares in the last quarter. Gabelli Funds LLC increased its position in shares of Communications Systems by 63.3% in the second quarter. Gabelli Funds LLC now owns 392,000 shares of the company’s stock worth $2,732,000 after buying an additional 152,000 shares in the last quarter. Teton Advisors Inc. increased its position in shares of Communications Systems by 24.0% in the second quarter. Teton Advisors Inc. now owns 378,590 shares of the company’s stock worth $2,639,000 after buying an additional 73,200 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Communications Systems by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 14,337 shares of the company’s stock worth $100,000 after buying an additional 38 shares in the last quarter. 38.25% of the stock is currently owned by institutional investors.
Communications Systems (NASDAQ:JCS) traded down 0.6482% on Monday, hitting $4.6596. The company had a trading volume of 1,687 shares. Communications Systems has a one year low of $4.51 and a one year high of $8.68. The company’s market capitalization is $41.29 million. The stock’s 50-day moving average price is $5.08 and its 200 day moving average price is $6.43.
Communications Systems (NASDAQ:JCS) last announced its earnings results on Thursday, August 4th. The company reported ($0.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by $0.12. Communications Systems had a negative return on equity of 13.26% and a negative net margin of 8.54%. On average, analysts expect that Communications Systems will post ($0.97) EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date was Tuesday, September 13th. Communications Systems’s dividend payout ratio is -14.81%.
Communications Systems Company Profile
Communications Systems, Inc (CSI) operates directly and through its subsidiaries located in the United States, Costa Rica and the United Kingdom. The Company operates through three segments: Suttle, Transition Networks and JDL Technologies (JDL). The Company provides physical connectivity infrastructure products and services for global deployments of broadband networks.
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