$0.47 Earnings Per Share Expected for Commscope Holding Company Inc (COMM) This Quarter

Brokerages expect Commscope Holding Company Inc (NASDAQ:COMM) to report earnings of $0.47 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Commscope’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.48. Commscope posted earnings per share of $0.61 during the same quarter last year, which would indicate a negative year over year growth rate of 23%. The company is scheduled to report its next earnings report before the market opens on Thursday, February 15th.

On average, analysts expect that Commscope will report full-year earnings of $2.14 per share for the current financial year, with EPS estimates ranging from $2.12 to $2.15. For the next fiscal year, analysts expect that the company will report earnings of $2.66 per share, with EPS estimates ranging from $2.40 to $2.96. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow Commscope.

Several research firms recently commented on COMM. BidaskClub upgraded Commscope from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 14th. Longbow Research raised shares of Commscope from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. Citigroup raised their price objective on shares of Commscope to $45.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. ValuEngine raised shares of Commscope from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research downgraded shares of Commscope from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $40.80.

In other news, insider Marvin S. Edwards, Jr. sold 50,000 shares of Commscope stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $36.45, for a total transaction of $1,822,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frank M. Drendel sold 5,284 shares of Commscope stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $38.01, for a total transaction of $200,844.84. The disclosure for this sale can be found here. In the last three months, insiders sold 180,284 shares of company stock valued at $6,807,245. 3.33% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of COMM. JPMorgan Chase & Co. raised its stake in shares of Commscope by 29.2% during the third quarter. JPMorgan Chase & Co. now owns 10,736,824 shares of the communications equipment provider’s stock valued at $350,236,000 after acquiring an additional 2,429,290 shares in the last quarter. State Street Corp raised its stake in shares of Commscope by 87.0% during the second quarter. State Street Corp now owns 3,367,610 shares of the communications equipment provider’s stock valued at $128,066,000 after acquiring an additional 1,567,172 shares in the last quarter. Iridian Asset Management LLC CT bought a new stake in shares of Commscope during the third quarter valued at approximately $40,215,000. Alyeska Investment Group L.P. bought a new stake in shares of Commscope during the third quarter valued at approximately $27,219,000. Finally, Myriad Asset Management Ltd. bought a new stake in shares of Commscope during the third quarter valued at approximately $23,247,000.

Commscope (COMM) opened at $37.06 on Friday. The company has a market capitalization of $7,069.64, a PE ratio of 37.43, a P/E/G ratio of 2.34 and a beta of 1.13. Commscope has a 12-month low of $30.95 and a 12-month high of $42.75. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.78 and a quick ratio of 2.10.

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Commscope Company Profile

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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