Equities research analysts predict that Comtech Telecommunications Corp. (NASDAQ:CMTL) will report sales of $150.93 million for the current quarter, Zacks reports. Three analysts have provided estimates for Comtech Telecommunications Corp.’s earnings, with the highest sales estimate coming in at $152.40 million and the lowest estimate coming in at $150.00 million. Comtech Telecommunications Corp. reported sales of $152.38 million during the same quarter last year, which indicates a negative year-over-year growth rate of 1%. The firm is expected to announce its next quarterly earnings report on Thursday, October 5th.

On average, analysts expect that Comtech Telecommunications Corp. will report full year sales of $150.93 million for the current fiscal year, with estimates ranging from $552.61 million to $554.20 million. For the next year, analysts expect that the company will report sales of $568.00 million per share, with estimates ranging from $563.80 million to $575.00 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Comtech Telecommunications Corp..

Comtech Telecommunications Corp. (NASDAQ:CMTL) last announced its quarterly earnings data on Wednesday, June 7th. The communications equipment provider reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.07. The company had revenue of $127.80 million for the quarter, compared to analysts’ expectations of $136.68 million. Comtech Telecommunications Corp. had a return on equity of 0.81% and a net margin of 2.02%. Comtech Telecommunications Corp.’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.89) EPS.

A number of equities research analysts have issued reports on CMTL shares. Noble Financial restated a “buy” rating on shares of Comtech Telecommunications Corp. in a research report on Monday, March 13th. BMO Capital Markets restated a “buy” rating and set a $17.00 price objective on shares of Comtech Telecommunications Corp. in a research report on Wednesday, June 7th. Jefferies Group LLC restated a “hold” rating and set a $12.50 price objective on shares of Comtech Telecommunications Corp. in a research report on Thursday, June 8th. Citigroup Inc. upped their price objective on Comtech Telecommunications Corp. from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, June 9th. Finally, ValuEngine upgraded Comtech Telecommunications Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $16.93.

Large investors have recently modified their holdings of the company. Arizona State Retirement System increased its stake in shares of Comtech Telecommunications Corp. by 0.8% in the first quarter. Arizona State Retirement System now owns 12,229 shares of the communications equipment provider’s stock valued at $180,000 after buying an additional 100 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Comtech Telecommunications Corp. by 1.0% in the first quarter. Capstone Asset Management Co. now owns 23,282 shares of the communications equipment provider’s stock valued at $343,000 after buying an additional 230 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Comtech Telecommunications Corp. by 1.2% in the first quarter. Prudential Financial Inc. now owns 39,273 shares of the communications equipment provider’s stock valued at $579,000 after buying an additional 450 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Comtech Telecommunications Corp. by 5.1% in the first quarter. Wells Fargo & Company MN now owns 18,967 shares of the communications equipment provider’s stock valued at $280,000 after buying an additional 913 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Comtech Telecommunications Corp. by 12.3% in the first quarter. Public Employees Retirement System of Ohio now owns 8,957 shares of the communications equipment provider’s stock valued at $132,000 after buying an additional 984 shares during the last quarter. Hedge funds and other institutional investors own 83.09% of the company’s stock.

Shares of Comtech Telecommunications Corp. (NASDAQ CMTL) traded down 0.2115% during trading on Thursday, hitting $18.8301. The company had a trading volume of 47,318 shares. The firm’s 50 day moving average is $15.55 and its 200-day moving average is $13.22. Comtech Telecommunications Corp. has a 52 week low of $9.52 and a 52 week high of $19.80. The stock has a market capitalization of $443.83 million, a P/E ratio of 37.8875 and a beta of 1.94.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, July 17th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, July 13th. This represents a $0.40 annualized dividend and a dividend yield of 2.12%. Comtech Telecommunications Corp.’s payout ratio is 80.00%.

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Comtech Telecommunications Corp. Company Profile

Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for communications solutions. The Company operates through two segments: Commercial Solutions and Government Solutions. It offers communications solutions, including command and control technologies, safety and security technologies and enterprise technologies.

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