Comtech Telecomm. (CMTL) Announces Earnings Results, Beats Estimates By $0.22 EPS
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%.
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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