Communications Systems, Inc. (JCS) Scheduled to Post Earnings on Wednesday
Communications Systems, Inc. (NASDAQ:JCS) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 1st.
Shares of Communications Systems, Inc. (NASDAQ JCS) opened at 4.51 on Wednesday. The stock’s market capitalization is $40.39 million. The company has a 50-day moving average of $4.30 and a 200 day moving average of $4.31. Communications Systems, Inc. has a 12-month low of $3.41 and a 12-month high of $5.40.
The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend was Thursday, September 14th. Communications Systems’s payout ratio is presently -16.33%.
In other Communications Systems news, Director Curtis A. Sampson bought 10,000 shares of Communications Systems stock in a transaction dated Wednesday, September 6th. The stock was acquired at an average cost of $3.97 per share, with a total value of $39,700.00. Following the purchase, the director now directly owns 634,636 shares in the company, valued at approximately $2,519,504.92. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 17.50% of the company’s stock.
Several research analysts have recently weighed in on the company. Zacks Investment Research raised Communications Systems from a “sell” rating to a “hold” rating in a research note on Tuesday. Northland Securities set a $6.00 target price on Communications Systems and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Finally, ValuEngine raised Communications Systems from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st.
About Communications Systems
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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