Brokerages expect Commscope Holding Company Inc (NASDAQ:COMM) to report $1.11 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Commscope’s earnings, with the lowest sales estimate coming in at $1.09 billion and the highest estimate coming in at $1.11 billion. Commscope posted sales of $1.18 billion in the same quarter last year, which would suggest a negative year over year growth rate of 5.9%. The company is scheduled to report its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that Commscope will report full year sales of $1.11 billion for the current year, with estimates ranging from $4.53 billion to $4.56 billion. For the next year, analysts expect that the company will post sales of $4.74 billion per share, with estimates ranging from $4.64 billion to $4.83 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Commscope.

Commscope (NASDAQ:COMM) last issued its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. Commscope had a return on equity of 29.11% and a net margin of 4.21%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the business earned $0.81 EPS. The business’s revenue was down 12.8% on a year-over-year basis.

Several equities research analysts have recently issued reports on the company. Jefferies Group reaffirmed a “buy” rating and set a $40.00 target price (down from $43.00) on shares of Commscope in a research report on Wednesday, August 9th. Northland Securities reaffirmed a “hold” rating and set a $28.00 target price on shares of Commscope in a research report on Thursday, August 10th. ValuEngine raised Commscope from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Citigroup raised their target price on Commscope from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Finally, Zacks Investment Research raised Commscope from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Thursday, October 19th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $40.30.

Shares of Commscope (COMM) traded up $0.53 during trading hours on Thursday, reaching $37.41. The company’s stock had a trading volume of 2,274,317 shares, compared to its average volume of 2,008,779. The company has a current ratio of 2.78, a quick ratio of 2.10 and a debt-to-equity ratio of 2.93. Commscope has a fifty-two week low of $30.95 and a fifty-two week high of $42.75. The company has a market cap of $6,926.57, a PE ratio of 16.81, a PEG ratio of 2.83 and a beta of 1.20.

In related news, insider Marvin S. Edwards, Jr. sold 50,000 shares of Commscope stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $36.45, for a total value of $1,822,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.33% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. LS Investment Advisors LLC purchased a new position in Commscope during the 2nd quarter valued at about $114,000. Krilogy Financial LLC grew its holdings in Commscope by 5.7% during the 2nd quarter. Krilogy Financial LLC now owns 3,170 shares of the communications equipment provider’s stock valued at $121,000 after buying an additional 170 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in Commscope by 76.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,770 shares of the communications equipment provider’s stock valued at $181,000 after buying an additional 2,064 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Commscope during the 2nd quarter valued at about $216,000. Finally, Nordea Investment Management AB purchased a new position in Commscope during the 2nd quarter valued at about $235,000.

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About Commscope

CommScope Holding Company, Inc (CommScope) is a provider of infrastructure solutions for the core, access and edge layers of communications networks. The Company operates through two segments: CommScope Connectivity Solutions (CCS) and CommScope Mobility Solutions (CMS). Its portfolio includes wireless and fiber optic solutions.

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