Comtech Telecomm. (CMTL) Issues FY18 Earnings Guidance
Comtech Telecomm. (NASDAQ:CMTL) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $0.44-0.46 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.40. The company issued revenue guidance of $550-575 million, compared to the consensus revenue estimate of $555.70 million.Comtech Telecomm. also updated its Q2 guidance to expects a loss EPS.
CMTL has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Comtech Telecomm. from a sell rating to a hold rating in a research note on Wednesday, August 9th. BidaskClub upgraded shares of Comtech Telecomm. from a sell rating to a hold rating in a research note on Monday, August 14th. Noble Financial reiterated a buy rating on shares of Comtech Telecomm. in a research note on Friday, September 29th. BMO Capital Markets reiterated a buy rating and issued a $21.00 price target on shares of Comtech Telecomm. in a research note on Thursday, September 28th. Finally, Northland Securities reiterated a buy rating on shares of Comtech Telecomm. in a research note on Friday, November 17th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $19.10.
Shares of Comtech Telecomm. (NASDAQ CMTL) traded up $0.07 during mid-day trading on Wednesday, hitting $20.76. 163,600 shares of the stock were exchanged, compared to its average volume of 242,219. Comtech Telecomm. has a 52-week low of $9.65 and a 52-week high of $22.90. The company has a market capitalization of $488.64, a price-to-earnings ratio of 60.85, a PEG ratio of 10.09 and a beta of 1.91. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.67 and a quick ratio of 1.25.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Wednesday, October 18th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Tuesday, October 17th. Comtech Telecomm.’s payout ratio is 59.70%.
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Comtech Telecomm. 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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