Commscope (NASDAQ:COMM) issued an update on its first quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.44-0.49 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.53. The company issued revenue guidance of $1.085-1.135 billion, compared to the consensus revenue estimate of $1.12 billion.Commscope also updated its FY18 guidance to $2.56-2.71 EPS.
Commscope (NASDAQ:COMM) opened at $38.88 on Thursday. The company has a market cap of $7,420.00, a P/E ratio of 39.27, a P/E/G ratio of 2.38 and a beta of 1.13. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.78 and a quick ratio of 2.10. Commscope has a 52 week low of $30.95 and a 52 week high of $42.75.
Commscope (NASDAQ:COMM) last issued its quarterly earnings data on Thursday, February 15th. The communications equipment provider reported $0.47 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. Commscope had a net margin of 4.21% and a return on equity of 29.11%. The firm’s revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 EPS. equities analysts expect that Commscope will post 2.01 earnings per share for the current year.
In related news, Director Frank M. Drendel sold 5,284 shares of Commscope stock in a transaction on Friday, December 8th. The shares were sold at an average price of $38.01, for a total transaction of $200,844.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Marvin S. Edwards, Jr. sold 50,000 shares of Commscope stock in a transaction on Monday, December 4th. The stock was sold at an average price of $36.45, for a total transaction of $1,822,500.00. The disclosure for this sale can be found here. Insiders have sold 180,284 shares of company stock valued at $6,807,245 in the last three months. 3.33% of the stock is owned by insiders.
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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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