CommScope Holding Company, Inc. (COMM) Set to Announce Quarterly Earnings on Thursday
CommScope Holding Company, Inc. (NASDAQ:COMM) is set to announce its earnings results before the market opens on Thursday, August 3rd. Analysts expect the company to announce earnings of $0.65 per share for the quarter. CommScope Holding has set its Q2 guidance at $0.62-0.67 EPS and its FY17 guidance at $2.70-2.80 EPS.
CommScope Holding (NASDAQ:COMM) last announced its quarterly earnings results on Thursday, May 4th. The communications equipment provider reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. CommScope Holding had a net margin of 4.96% and a return on equity of 36.96%. The business’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 EPS. On average, analysts expect CommScope Holding to post $2.72 EPS for the current fiscal year and $3.13 EPS for the next fiscal year.
CommScope Holding Company, Inc. (NASDAQ:COMM) opened at 36.01 on Thursday. The stock has a 50 day moving average of $37.04 and a 200-day moving average of $38.33. The stock has a market cap of $6.95 billion, a P/E ratio of 29.11 and a beta of 1.19. CommScope Holding Company, Inc. has a one year low of $28.28 and a one year high of $42.75.
Several brokerages recently commented on COMM. BidaskClub cut CommScope Holding from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Jefferies Group LLC reissued a “buy” rating and issued a $43.00 price target on shares of CommScope Holding in a research note on Friday, July 14th. Zacks Investment Research raised CommScope Holding from a “sell” rating to a “hold” rating in a research note on Monday, July 10th. TheStreet cut CommScope Holding from a “b” rating to a “c+” rating in a research note on Monday, May 22nd. Finally, Nomura began coverage on CommScope Holding in a research note on Thursday, May 25th. They issued a “buy” rating and a $45.00 price target for the company. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $44.20.
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In other CommScope Holding news, Director Frank M. Drendel sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $42.18, for a total transaction of $632,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Peter U. Karlsson sold 7,370 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $36.72, for a total value of $270,626.40. The disclosure for this sale can be found here. Insiders have sold 37,370 shares of company stock valued at $1,487,426 in the last ninety days. Company insiders own 3.33% of the company’s stock.
CommScope Holding Company Profile
CommScope Holding Company, Inc (CommScope) is a provider of infrastructure solutions for the core, access and edge layers of communications networks. The Company operates through two segments: CommScope Connectivity Solutions (CCS) and CommScope Mobility Solutions (CMS). Its portfolio includes wireless and fiber optic solutions.
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