Comtech Telecommunications Corp. (NASDAQ:CMTL) released its quarterly earnings results on Thursday. The company reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.32. The company had revenue of $152.40 million for the quarter. Comtech Telecommunications Corp. had a positive return on equity of 1.52% and a negative net margin of 1.88%. The company’s revenue for the quarter was up 96.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 EPS. Comtech Telecommunications Corp. updated its FY17 guidance to ~$0.30 EPS.

Shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) traded down 0.72% during midday trading on Thursday, reaching $9.59. The company had a trading volume of 251,220 shares. Comtech Telecommunications Corp. has a 12-month low of $9.57 and a 12-month high of $25.85. The stock’s 50 day moving average is $11.75 and its 200-day moving average is $15.60. The stock’s market capitalization is $225.44 million.

Earnings History for Comtech Telecommunications Corp. (NASDAQ:CMTL)

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 22nd. Investors of record on Friday, October 21st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 12.51%. The ex-dividend date is Wednesday, October 19th. Comtech Telecommunications Corp.’s dividend payout ratio is presently -235.29%.

CMTL has been the topic of a number of research analyst reports. Northland Securities initiated coverage on Comtech Telecommunications Corp. in a research report on Wednesday, July 6th. They set an “outperform” rating and a $20.00 price target on the stock. Zacks Investment Research raised Comtech Telecommunications Corp. from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Monday, July 11th. Ladenburg Thalmann initiated coverage on Comtech Telecommunications Corp. in a research report on Friday, July 22nd. They set a “buy” rating and a $19.00 price target on the stock. Jefferies Group initiated coverage on Comtech Telecommunications Corp. in a research report on Tuesday, August 2nd. They set a “hold” rating and a $14.00 price target on the stock. Finally, Citigroup Inc. initiated coverage on Comtech Telecommunications Corp. in a research report on Wednesday, August 24th. They set a “neutral” rating and a $13.00 price target on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Comtech Telecommunications Corp. has a consensus rating of “Buy” and a consensus target price of $16.68.

In other Comtech Telecommunications Corp. news, Director Edwin Kantor sold 3,000 shares of the company’s stock in a transaction dated Friday, October 14th. The stock was sold at an average price of $10.95, for a total value of $32,850.00. Following the sale, the director now owns 7,375 shares in the company, valued at approximately $80,756.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 7.70% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Aperio Group LLC raised its position in shares of Comtech Telecommunications Corp. by 22.9% in the first quarter. Aperio Group LLC now owns 18,023 shares of the company’s stock valued at $421,000 after buying an additional 3,354 shares during the last quarter. Alambic Investment Management L.P. raised its position in shares of Comtech Telecommunications Corp. by 11.6% in the second quarter. Alambic Investment Management L.P. now owns 42,280 shares of the company’s stock valued at $543,000 after buying an additional 4,380 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of Comtech Telecommunications Corp. during the second quarter valued at about $1,218,000. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Comtech Telecommunications Corp. by 254.3% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 36,649 shares of the company’s stock valued at $471,000 after buying an additional 26,305 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Comtech Telecommunications Corp. by 2.7% in the first quarter. Prudential Financial Inc. now owns 38,253 shares of the company’s stock valued at $894,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 87.93% of the company’s stock.

About Comtech Telecommunications Corp.

Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for advanced communications solutions. The Company operates through three segments: telecommunications transmission, RF microwave amplifiers and mobile data communications. Its telecommunications transmission segment provides equipment and systems used for satellite transmission and enable wireless communications.

5 Day Chart for NASDAQ:CMTL

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