Comtech Telecomm. (CMTL) Updates Q2 Earnings Guidance
Comtech Telecomm. (NASDAQ:CMTL) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of expects a loss for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.08). The company issued revenue guidance of slightly above $121.6 million, compared to the consensus revenue estimate of $126.06 million.Comtech Telecomm. also updated its FY18 guidance to $0.44-0.46 EPS.
Shares of Comtech Telecomm. (NASDAQ:CMTL) traded up $0.07 during mid-day trading on Wednesday, hitting $20.76. 163,600 shares of the company were exchanged, compared to its average volume of 242,219. The stock has a market cap of $488.64, a PE ratio of 60.85, a P/E/G ratio of 10.09 and a beta of 1.91. The company has a quick ratio of 1.25, a current ratio of 1.67 and a debt-to-equity ratio of 0.37. Comtech Telecomm. has a 12 month low of $9.65 and a 12 month high of $22.90.
Comtech Telecomm. (NASDAQ:CMTL) last announced its quarterly earnings results on Wednesday, December 6th. The communications equipment provider reported ($0.07) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.10. The company had revenue of $121.57 million for the quarter, compared to analysts’ expectations of $106.94 million. Comtech Telecomm. had a net margin of 2.88% and a return on equity of 1.70%. Comtech Telecomm.’s revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.11) EPS. sell-side analysts anticipate that Comtech Telecomm. will post 0.41 EPS for the current fiscal year.
A number of analysts recently commented on CMTL shares. Zacks Investment Research upgraded shares of Comtech Telecomm. from a hold rating to a buy rating and set a $22.00 price target on the stock in a research note on Wednesday, October 4th. Northland Securities reaffirmed a buy rating on shares of Comtech Telecomm. in a report on Friday, November 17th. BMO Capital Markets reaffirmed a buy rating and set a $21.00 target price on shares of Comtech Telecomm. in a report on Thursday, September 28th. Noble Financial reaffirmed a buy rating on shares of Comtech Telecomm. in a report on Friday, September 29th. Finally, BidaskClub raised shares of Comtech Telecomm. from a sell rating to a hold rating in a report on Monday, August 14th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Comtech Telecomm. presently has a consensus rating of Hold and an average target price of $19.10.
WARNING: This piece of content was first posted by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/12/06/comtech-telecomm-cmtl-updates-q2-earnings-guidance.html.
About Comtech Telecomm.
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.
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.