Comtech Telecommunications Corp. (NASDAQ:CMTL) updated its FY17 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of ~$0.30 for the period, compared to the Thomson Reuters consensus estimate of $0.33. The company issued revenue guidance of ~$600 million, compared to the consensus revenue estimate of $638.88 million.

A number of brokerages recently weighed in on CMTL. 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 note on Monday, July 11th. Citigroup Inc. began coverage on Comtech Telecommunications Corp. in a research note on Wednesday, August 24th. They issued a neutral rating and a $13.00 price target on the stock. Jefferies Group began coverage on Comtech Telecommunications Corp. in a research note on Tuesday, August 2nd. They issued a hold rating and a $14.00 price target on the stock. Northland Securities began coverage on Comtech Telecommunications Corp. in a research note on Wednesday, July 6th. They issued an outperform rating and a $20.00 price target on the stock. Finally, BMO Capital Markets began coverage on Comtech Telecommunications Corp. in a research note on Monday, June 20th. They issued an outperform rating and a $19.00 price target on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $19.00.

Shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) opened at 12.66 on Friday. The firm’s market capitalization is $204.72 million. Comtech Telecommunications Corp. has a one year low of $11.24 and a one year high of $25.85. The stock’s 50 day moving average price is $12.95 and its 200 day moving average price is $17.28.

Comtech Telecommunications Corp. (NASDAQ:CMTL) last issued its quarterly earnings results on Thursday, October 6th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.04. Comtech Telecommunications Corp. had a positive return on equity of 2.19% and a negative net margin of 1.48%. The business had revenue of $152.40 million for the quarter, compared to analyst estimates of $165.59 million. During the same quarter in the prior year, the firm posted $0.34 earnings per share. The firm’s revenue for the quarter was up 96.7% compared to the same quarter last year. Analysts expect that Comtech Telecommunications Corp. will post ($0.81) EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Friday, October 21st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 9.48%. Comtech Telecommunications Corp.’s dividend payout ratio (DPR) is presently -387.10%.

Several institutional investors have recently modified their holdings of CMTL. Vanguard Group Inc. raised its position in shares of Comtech Telecommunications Corp. by 25.8% in the second quarter. Vanguard Group Inc. now owns 1,567,073 shares of the company’s stock valued at $20,122,000 after buying an additional 321,630 shares during the period. BlackRock Fund Advisors raised its position in Comtech Telecommunications Corp. by 31.8% in the second quarter. BlackRock Fund Advisors now owns 1,384,532 shares of the company’s stock valued at $17,777,000 after buying an additional 333,800 shares during the last quarter. State Street Corp raised its position in Comtech Telecommunications Corp. by 5.8% in the second quarter. State Street Corp now owns 463,983 shares of the company’s stock valued at $5,960,000 after buying an additional 25,360 shares during the last quarter. Citadel Advisors LLC raised its position in Comtech Telecommunications Corp. by 1,709.5% in the second quarter. Citadel Advisors LLC now owns 364,991 shares of the company’s stock valued at $4,686,000 after buying an additional 344,820 shares during the last quarter. Finally, State of Wisconsin Investment Board raised its position in Comtech Telecommunications Corp. by 43.4% in the second quarter. State of Wisconsin Investment Board now owns 248,000 shares of the company’s stock valued at $3,184,000 after buying an additional 75,000 shares during the last quarter. 83.12% of the stock is currently owned by institutional investors and hedge funds.

Comtech Telecommunications Corp. Company Profile

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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