Comtech Telecomm. (CMTL) Posts Quarterly Earnings Results, Beats Expectations By $0.22 EPS
Comtech Telecomm. (NASDAQ:CMTL) posted its quarterly earnings results on Wednesday. The communications equipment provider reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.29) by $0.22, Bloomberg Earnings reports. Comtech Telecomm. had a net margin of 2.88% and a return on equity of 1.70%. The business had revenue of $121.57 million during the quarter, compared to analysts’ expectations of $106.94 million. During the same quarter in the prior year, the company posted ($0.11) EPS. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. Comtech Telecomm. updated its Q2 guidance to expects a loss EPS and its FY18 guidance to $0.44-0.46 EPS.
Comtech Telecomm. (CMTL) opened at $21.31 on Thursday. The company has a market cap of $490.30, a P/E ratio of 61.06, a PEG ratio of 10.13 and a beta of 1.91. Comtech Telecomm. has a fifty-two week low of $9.65 and a fifty-two week high of $22.90. The company has a quick ratio of 1.25, a current ratio of 1.67 and a debt-to-equity ratio of 0.37.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Stockholders of record on Wednesday, January 17th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.88%. Comtech Telecomm.’s dividend payout ratio is currently 59.70%.
COPYRIGHT VIOLATION NOTICE: “Comtech Telecomm. (CMTL) Posts Quarterly Earnings Results, Beats Expectations By $0.22 EPS” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/12/07/comtech-telecomm-cmtl-posts-quarterly-earnings-results-beats-expectations-by-0-22-eps.html.
Comtech Telecomm. 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.
Receive News & Ratings for Comtech Telecomm. Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comtech Telecomm. Corp. and related companies with MarketBeat.com's FREE daily email newsletter.