Equities research analysts expect Comtech Telecommunications Corp. (NASDAQ:CMTL) to announce $106.63 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Comtech Telecommunications Corp.’s earnings. The highest sales estimate is $108.80 million and the lowest is $105.00 million. Comtech Telecommunications Corp. reported sales of $135.79 million in the same quarter last year, which indicates a negative year over year growth rate of 21.5%. The business is expected to report its next quarterly earnings report on Wednesday, December 6th.

On average, analysts expect that Comtech Telecommunications Corp. will report full-year sales of $106.63 million for the current financial year, with estimates ranging from $550.30 million to $560.00 million. For the next year, analysts anticipate that the company will report sales of $560.50 million per share. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Comtech Telecommunications Corp..

Comtech Telecommunications Corp. (NASDAQ:CMTL) last announced its earnings results on Wednesday, September 27th. The communications equipment provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Comtech Telecommunications Corp. had a return on equity of 1.70% and a net margin of 2.88%. The firm had revenue of $147.80 million for the quarter, compared to the consensus estimate of $150.57 million. During the same quarter in the previous year, the business earned $0.14 EPS. The company’s revenue was down 3.0% compared to the same quarter last year.

Several brokerages recently weighed in on CMTL. Zacks Investment Research downgraded shares of Comtech Telecommunications Corp. from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Noble Financial reissued a “buy” rating on shares of Comtech Telecommunications Corp. in a research report on Friday, September 29th. BMO Capital Markets reissued a “buy” rating and set a $21.00 price target on shares of Comtech Telecommunications Corp. in a research report on Thursday, September 28th. Finally, BidaskClub raised shares of Comtech Telecommunications Corp. from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $19.10.

Comtech Telecommunications Corp. (NASDAQ:CMTL) opened at 21.09 on Friday. Comtech Telecommunications Corp. has a 52 week low of $9.52 and a 52 week high of $22.90. The stock has a market cap of $497.41 million, a P/E ratio of 31.48 and a beta of 1.93. The stock has a 50 day moving average price of $20.65 and a 200-day moving average price of $17.73.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Wednesday, October 18th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Tuesday, October 17th. Comtech Telecommunications Corp.’s dividend payout ratio is currently 59.70%.

Hedge funds have recently modified their holdings of the stock. Municipal Employees Retirement System of Michigan boosted its holdings in Comtech Telecommunications Corp. by 3.9% in the second quarter. Municipal Employees Retirement System of Michigan now owns 5,570 shares of the communications equipment provider’s stock worth $106,000 after purchasing an additional 210 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in 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 worth $132,000 after purchasing an additional 984 shares during the last quarter. Arizona State Retirement System boosted its holdings in 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 worth $180,000 after purchasing an additional 100 shares during the last quarter. American International Group Inc. boosted its holdings in 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 worth $202,000 after purchasing an additional 1,010 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in Comtech Telecommunications Corp. by 49.1% in the second quarter. BNP Paribas Arbitrage SA now owns 12,055 shares of the communications equipment provider’s stock worth $229,000 after purchasing an additional 3,972 shares during the last quarter. Institutional investors own 88.74% of the company’s stock.

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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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