Comtech Telecommunications Corp. (NASDAQ:CMTL) Expected to Post Quarterly Sales of $125.23 Million


Equity research analysts expect Comtech Telecommunications Corp. (NASDAQ:CMTL) will record sales of $125.23 million for the current fiscal quarter, reports Zacks Investment Research. Three analysts have made earnings estimates for Comtech Telecommunications. The highest sales estimate is $125.60 million and the lowest is $125.00 million. Comtech Telecommunications reported sales of $161.29 million in the same quarter last year, suggesting a negative 22.4% year-over-year growth rate. The company is expected to announce its next earnings report on Thursday, March 10.

On average, analysts expect Comtech Telecommunications to report annual revenue of $574.22 million for the current fiscal year, with estimates ranging from $565.70 to $581.76 million. For next year, analysts expect the company to record sales of $620.37 million, with estimates ranging from $604.50 million to $635.00 million. Zacks Investment Research’s sales calculations are an average average based on a survey of sell-side research firms that provide coverage for Comtech Telecommunications.

Comtech Telecommunications Inc (NASDAQ:CMTL) last announced its results on Thursday, December 9. The communications equipment provider reported ($0.15) earnings per share (EPS) for the quarter, beating the Zacks consensus estimate of ($0.22) by $0.07. The company posted revenue of $116.76 million in the quarter, compared to analyst estimates of $115.80 million. Comtech Telecommunications achieved a net margin of 1.13% and a return on equity of 3.27%. Comtech Telecommunications revenue was down 13.7% compared to the same quarter last year. In the same quarter a year earlier, the company posted EPS of $0.15.

(A d)

This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile.

Take your trading to the next level with the Options Strategy Guide.

A number of brokerages have recently released reports on CMTL. Zacks Investment Research upgraded shares of Comtech Telecommunications from a “sell” rating to a “hold” rating in a research report on Wednesday. Citigroup raised its price target on Comtech Telecommunications shares from $24.00 to $27.00 and gave the company a “neutral” rating in a Monday, December 13 research report. Four analysts rated the stock with a hold rating and one assigned the company a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.75.

Institutional investors and hedge funds have recently changed their positions in the company. Vanguard Group Inc. increased its holdings of Comtech Telecommunications shares by 6.8% in the second quarter. Vanguard Group Inc. now owns 1,753,192 shares of the communications equipment provider worth $42,357,000 after purchasing an additional 111,190 shares during the period. Goldman Sachs Group Inc. increased its holdings of Comtech Telecommunications shares by 11.5% in the second quarter. Goldman Sachs Group Inc. now owns 58,886 shares of the communications equipment provider worth $1,422,000 after purchasing an additional 6,071 shares during the period. First Trust Advisors LP increased its holdings of Comtech Telecommunications shares by 101.4% in the second quarter. First Trust Advisors LP now owns 19,500 shares of the communications equipment provider worth $471,000 after buying an additional 9,817 shares during the period. Geode Capital Management LLC increased its holdings of Comtech Telecommunications shares by 6.8% in the second quarter. Geode Capital Management LLC now owns 444,221 shares of the communications equipment provider worth $10,732,000 after purchasing an additional 28,198 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in Comtech Telecommunications shares by 7.7% in the third quarter. Louisiana State Employees Retirement System now owns 12,600 shares of the communications equipment provider worth $323,000 after purchasing an additional 900 shares during the period. Institutional investors hold 88.40% of the company’s shares.

Shares of CMTL opened at $20.26 on Friday. The company has a 50-day moving average price of $22.50 and a 200-day moving average price of $24.22. The company has a market capitalization of $533.79 million, a PE ratio of 405.28 and a beta of 1.61. The company has a quick ratio of 0.95, a current ratio of 1.39 and a leverage ratio of 0.22. Comtech Telecommunications has a 52-week low of $19.08 and a 52-week high of $30.40.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 18. Shareholders of record on Wednesday, January 19 will receive a dividend of $0.10 per share. The ex-dividend date is Tuesday, January 18. This represents an annualized dividend of $0.40 and a dividend yield of 1.97%. The dividend payout ratio (DPR) of Comtech Telecommunications is 800.16%.

About Comtech Telecommunications

Comtech Telecommunications Corp. engages in the design, development, production and marketing of products, systems and services for advanced communication solutions. It operates through the following segments: Commercial Solutions and Government Solutions. The Commercial Solutions segment offers satellite communications, public safety systems and enterprise application technologies for commercial customers and small government customers.

Read more

Get a Free Copy of Zacks’ Research Report on Comtech Telecommunications (CMTL)

For more information on Zacks Investment Research’s research offerings, visit

Earnings History and Estimates for Comtech Telecommunications (NASDAQ:CMTL)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Comtech Telecommunications right now?

Before you consider Comtech Telecommunications, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market spreads…and Comtech Telecommunications was not on the list.

Although Comtech Telecommunications currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here


About Author

Comments are closed.