Commscope (COMM) Issues Q1 Earnings Guidance

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.

Several research firms have recently issued reports on COMM. Barclays raised shares of Commscope from an equal weight rating to an overweight rating and raised their price target for the company from $42.00 to $43.00 in a research note on Wednesday. BidaskClub downgraded shares of Commscope from a hold rating to a sell rating in a research note on Thursday, January 25th. 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 target on shares of Commscope to $45.00 and gave the company a buy rating in a research note on Thursday, January 11th. Finally, ValuEngine raised shares of Commscope from a hold rating to a buy rating in a research note on Friday, December 1st. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $41.50.

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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