Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Comtech Telecommunications Corp. (CMTL) Share Price
Media headlines about Comtech Telecommunications Corp. (NASDAQ:CMTL) have been trending somewhat positive on Friday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Comtech Telecommunications Corp. earned a news impact score of 0.11 on Accern’s scale. Accern also assigned news stories about the communications equipment provider an impact score of 45.6267486122353 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) traded up 1.53% on Friday, reaching $19.24. 52,984 shares of the company’s stock traded hands. The stock has a market cap of $453.49 million, a price-to-earnings ratio of 38.71 and a beta of 1.93. The firm’s 50-day moving average is $18.59 and its 200-day moving average is $15.56. Comtech Telecommunications Corp. has a 52-week low of $9.52 and a 52-week high of $19.80.
Comtech Telecommunications Corp. (NASDAQ:CMTL) last issued its quarterly earnings results on Wednesday, June 7th. The communications equipment provider reported $0.13 EPS for the quarter, topping the consensus estimate of $0.06 by $0.07. The company had revenue of $127.80 million during the quarter, compared to analyst estimates of $136.68 million. Comtech Telecommunications Corp. had a net margin of 2.02% and a return on equity of 0.81%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.89) EPS. Analysts anticipate that Comtech Telecommunications Corp. will post $0.65 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, July 17th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Thursday, July 13th. Comtech Telecommunications Corp.’s payout ratio is presently 80.00%.
Several research firms recently commented on CMTL. Noble Financial reaffirmed a “buy” rating on shares of Comtech Telecommunications Corp. in a report on Friday, June 9th. Zacks Investment Research downgraded shares of Comtech Telecommunications Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Northland Securities set a $22.00 price objective on shares of Comtech Telecommunications Corp. and gave the stock a “buy” rating in a report on Monday, July 10th. Citigroup Inc. raised their price objective on shares of Comtech Telecommunications Corp. from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, June 9th. Finally, BidaskClub downgraded shares of Comtech Telecommunications Corp. from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.42.
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Comtech Telecommunications Corp. Company Profile
Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for communications solutions. The Company operates through two segments: Commercial Solutions and Government Solutions. It offers communications solutions, including command and control technologies, safety and security technologies and enterprise technologies.
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