Equities research analysts predict that Commscope Holding Company Inc (NASDAQ:COMM) will post earnings of $0.47 per share for the current quarter, Zacks reports. Four analysts have issued estimates for Commscope’s earnings. The lowest EPS estimate is $0.45 and the highest is $0.48. Commscope reported earnings of $0.61 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 23%. The business is scheduled to issue its next earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Commscope will report full-year earnings of $2.14 per share for the current financial year, with EPS estimates ranging from $2.12 to $2.15. For the next year, analysts forecast that the firm will post earnings of $2.60 per share, with EPS estimates ranging from $2.40 to $2.86. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Commscope.

Commscope (NASDAQ:COMM) last announced its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.01. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. Commscope had a net margin of 4.21% and a return on equity of 29.11%. The company’s revenue was down 12.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.81 EPS.

A number of research firms have recently weighed in on COMM. Northland Securities set a $28.00 price target on shares of Commscope and gave the stock a “hold” rating in a research report on Tuesday, October 17th. TheStreet raised shares of Commscope from a “c+” rating to a “b” rating in a report on Tuesday, August 8th. Jefferies Group reissued a “buy” rating and set a $40.00 price target on shares of Commscope in a report on Wednesday, September 20th. Morgan Stanley raised shares of Commscope from an “equal weight” rating to an “overweight” rating and set a $38.00 price target for the company in a report on Thursday, August 17th. Finally, ValuEngine upgraded shares of Commscope from a “hold” rating to a “buy” rating in a research note on Friday. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $40.30.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Research Global Investors grew its stake in Commscope by 478.2% during the 2nd quarter. Capital Research Global Investors now owns 14,502,567 shares of the communications equipment provider’s stock valued at $551,533,000 after acquiring an additional 11,994,126 shares in the last quarter. Janus Henderson Group PLC purchased a new position in Commscope during the 2nd quarter valued at about $128,505,000. JPMorgan Chase & Co. grew its stake in Commscope by 54.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,307,534 shares of the communications equipment provider’s stock valued at $315,936,000 after acquiring an additional 2,930,632 shares in the last quarter. BlackRock Inc. grew its stake in Commscope by 19.0% during the 2nd quarter. BlackRock Inc. now owns 15,275,547 shares of the communications equipment provider’s stock valued at $580,929,000 after acquiring an additional 2,438,894 shares in the last quarter. Finally, Harris Associates L P grew its stake in Commscope by 58.6% during the 2nd quarter. Harris Associates L P now owns 6,390,730 shares of the communications equipment provider’s stock valued at $243,039,000 after acquiring an additional 2,361,663 shares in the last quarter.

Commscope (NASDAQ:COMM) opened at $36.59 on Tuesday. The company has a market cap of $6,880.79, a P/E ratio of 16.70, a P/E/G ratio of 2.81 and a beta of 1.20. Commscope has a 1-year low of $30.95 and a 1-year high of $42.75. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.78 and a quick ratio of 2.10.

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About Commscope

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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