Equities analysts expect Comtech Telecommunications Corp. (NASDAQ:CMTL) to post $150.93 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Comtech Telecommunications Corp.’s earnings. The lowest sales estimate is $150.00 million and the highest is $152.40 million. Comtech Telecommunications Corp. reported sales of $152.38 million in the same quarter last year, which indicates a negative year-over-year growth rate of 1%. The company 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 financial year, with estimates ranging from $552.61 million to $554.20 million. For the next year, analysts forecast that the company will post sales of $568.00 million per share, with estimates ranging from $563.80 million to $575.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. The firm had revenue of $127.80 million during the quarter, compared to the consensus estimate of $136.68 million. Comtech Telecommunications Corp. had a return on equity of 0.81% and a net margin of 2.02%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.89) EPS.

Several analysts recently commented on CMTL shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Comtech Telecommunications Corp. in a report on Wednesday, June 7th. Jefferies Group LLC reissued a “hold” rating and set a $12.50 price target on shares of Comtech Telecommunications Corp. in a report on Thursday, June 8th. Citigroup Inc. boosted their price target on Comtech Telecommunications Corp. from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, June 9th. Noble Financial reissued a “buy” rating on shares of Comtech Telecommunications Corp. in a report on Friday, June 9th. Finally, ValuEngine raised Comtech Telecommunications Corp. from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Comtech Telecommunications Corp. presently has an average rating of “Buy” and an average price target of $17.21.

Shares of Comtech Telecommunications Corp. (NASDAQ CMTL) traded down 1.32% on Friday, reaching $18.62. The company’s stock had a trading volume of 130,247 shares. Comtech Telecommunications Corp. has a 52-week low of $9.52 and a 52-week high of $19.80. The stock has a 50-day moving average of $16.50 and a 200 day moving average of $13.58. The company has a market cap of $438.87 million, a price-to-earnings ratio of 37.46 and a beta of 1.94.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, July 17th will be given a $0.10 dividend. The ex-dividend date is Thursday, July 13th. This represents a $0.40 annualized dividend and a dividend yield of 2.15%. Comtech Telecommunications Corp.’s payout ratio is 80.00%.

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Several institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio increased its position 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. OMERS ADMINISTRATION Corp acquired a new position in shares of Comtech Telecommunications Corp. during the first quarter valued at approximately $159,000. Arizona State Retirement System increased its position 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. American International Group Inc. increased its position in shares of Comtech Telecommunications Corp. by 7.9% in the first quarter. American International Group Inc. now owns 13,721 shares of the communications equipment provider’s stock valued at $202,000 after buying an additional 1,010 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position 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. Institutional investors and hedge funds own 82.59% of the company’s stock.

About Comtech Telecommunications Corp.

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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