Comtech Telecomm. (NASDAQ:CMTL) announced its quarterly earnings results on Wednesday. The communications equipment provider reported ($0.07) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.29) by $0.22, Briefing.com reports. Comtech Telecomm. had a net margin of 2.88% and a return on equity of 1.70%. The business had revenue of $121.57 million for the quarter, compared to analyst estimates of $106.94 million. During the same quarter in the prior year, the business earned ($0.11) EPS. Comtech Telecomm.’s quarterly revenue was down 10.5% on a year-over-year basis. Comtech Telecomm. updated its Q2 guidance to expects a loss EPS and its FY18 guidance to $0.44-0.46 EPS.

Shares of Comtech Telecomm. (CMTL) traded up $0.07 during trading hours on Wednesday, hitting $20.76. 163,600 shares of the company’s stock were exchanged, compared to its average volume of 242,219. Comtech Telecomm. has a 1 year low of $9.65 and a 1 year high of $22.90. The firm has a market cap 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 quick ratio of 1.25 and a current ratio of 1.67.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Wednesday, January 17th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.93%. Comtech Telecomm.’s payout ratio is presently 59.70%.

A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Comtech Telecomm. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. BidaskClub upgraded shares of Comtech Telecomm. from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Noble Financial restated a “buy” rating on shares of Comtech Telecomm. in a research report on Friday, September 29th. BMO Capital Markets restated a “buy” rating and set a $21.00 target price on shares of Comtech Telecomm. in a research report on Thursday, September 28th. Finally, Northland Securities restated a “buy” rating on shares of Comtech Telecomm. in a research report on Friday, November 17th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Comtech Telecomm. has a consensus rating of “Hold” and a consensus price target of $19.10.

TRADEMARK VIOLATION WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/06/comtech-telecomm-cmtl-issues-quarterly-earnings-results-beats-estimates-by-0-10-eps.html.

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.

Earnings History for Comtech Telecomm. (NASDAQ:CMTL)

Receive News & Ratings for Comtech Telecomm. Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comtech Telecomm. Corp. and related companies with MarketBeat.com's FREE daily email newsletter.