Comtech Telecomm. Corp. (CMTL) Declares Quarterly Dividend of $0.10
Comtech Telecomm. Corp. (NASDAQ:CMTL) announced a quarterly dividend on Wednesday, December 6th, RTT News reports. Shareholders of record on Wednesday, January 17th will be given a dividend of 0.10 per share by the communications equipment provider on Friday, February 16th. This represents a $0.40 dividend on an annualized basis and a yield of 1.93%.
Comtech Telecomm. (NASDAQ:CMTL) traded up $0.07 during mid-day trading on Wednesday, reaching $20.76. The company’s stock had a trading volume of 163,600 shares, 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 company has a debt-to-equity ratio of 0.37, a quick ratio of 1.25 and a current ratio of 1.67. The stock has a market capitalization of $488.64, a P/E ratio of 60.85, a PEG ratio of 10.09 and a beta of 1.91.
Comtech Telecomm. (NASDAQ:CMTL) last posted its quarterly earnings results on Wednesday, December 6th. The communications equipment provider reported ($0.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.29) by $0.22. Comtech Telecomm. had a return on equity of 1.70% and a net margin of 2.88%. The firm had revenue of $121.57 million during the quarter, compared to the consensus estimate of $106.94 million. During the same quarter in the previous year, the business earned ($0.11) earnings per share. The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. equities analysts predict that Comtech Telecomm. will post 0.41 earnings per share for the current fiscal year.
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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.
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