Commscope (NASDAQ:COMM) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.56-2.71 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.59. The company issued revenue guidance of $4.675-4.825 billion, compared to the consensus revenue estimate of $4.77 billion.Commscope also updated its Q1 guidance to $0.44-0.49 EPS.
Commscope (NASDAQ COMM) opened at $38.88 on Thursday. The company has a quick ratio of 2.10, a current ratio of 2.78 and a debt-to-equity ratio of 2.93. Commscope has a 12 month low of $30.95 and a 12 month high of $42.75. The company has a market cap of $7,420.00, a P/E ratio of 39.27, a price-to-earnings-growth ratio of 2.38 and a beta of 1.13.
Commscope (NASDAQ:COMM) last released its quarterly earnings results on Thursday, February 15th. The communications equipment provider reported $0.47 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.47. Commscope had a net margin of 4.21% and a return on equity of 29.11%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the company earned $0.61 EPS. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. sell-side analysts expect that Commscope will post 2.01 earnings per share for the current year.
In other news, insider Marvin S. Edwards, Jr. sold 50,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $36.45, for a total value of $1,822,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank M. Drendel sold 5,284 shares of the company’s 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 disclosure for this sale can be found here. Insiders sold a total of 180,284 shares of company stock valued at $6,807,245 in the last ninety days. 3.33% of the stock is owned by corporate 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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