Comtech Telecommunications (NASDAQ:CMTL) Issues Earnings Results, Beats Expectations By $0.12 EPS

Comtech Telecommunications (NASDAQ:CMTL) posted its quarterly earnings results on Monday. The communications equipment provider reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.12, FiscalAI reports. The firm had revenue of $106.76 million for the quarter, compared to analyst estimates of $113.85 million. Comtech Telecommunications had a negative net margin of 4.60% and a positive return on equity of 8.35%.

Comtech Telecommunications Stock Up 3.9%

CMTL traded up $0.18 during midday trading on Monday, hitting $4.85. 321,963 shares of the company’s stock traded hands, compared to its average volume of 312,485. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.70 and a quick ratio of 1.27. The company has a market cap of $143.71 million, a PE ratio of -2.10 and a beta of 1.06. The stock’s fifty day simple moving average is $5.54 and its 200-day simple moving average is $3.94. Comtech Telecommunications has a one year low of $1.19 and a one year high of $6.21.

Analysts Set New Price Targets

Several research firms have recently weighed in on CMTL. Weiss Ratings reissued a “sell (d-)” rating on shares of Comtech Telecommunications in a research note on Wednesday, January 21st. Zacks Research raised Comtech Telecommunications to a “hold” rating in a report on Wednesday, November 19th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $6.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp lifted its stake in shares of Comtech Telecommunications by 10.2% in the 4th quarter. State Street Corp now owns 128,937 shares of the communications equipment provider’s stock valued at $682,000 after purchasing an additional 11,900 shares during the last quarter. Two Sigma Investments LP increased its position in Comtech Telecommunications by 71.4% during the third quarter. Two Sigma Investments LP now owns 256,607 shares of the communications equipment provider’s stock worth $662,000 after buying an additional 106,866 shares during the last quarter. Marshall Wace LLP raised its holdings in Comtech Telecommunications by 15.4% during the second quarter. Marshall Wace LLP now owns 269,932 shares of the communications equipment provider’s stock valued at $661,000 after buying an additional 36,069 shares in the last quarter. UBS Group AG raised its holdings in Comtech Telecommunications by 1.8% during the third quarter. UBS Group AG now owns 236,937 shares of the communications equipment provider’s stock valued at $611,000 after buying an additional 4,157 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Comtech Telecommunications by 11.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 77,256 shares of the communications equipment provider’s stock worth $409,000 after buying an additional 7,786 shares during the last quarter.

About Comtech Telecommunications

Comtech Telecommunications Corporation (NASDAQ:CMTL), founded in 1969 and headquartered in Melville, New York, is a leading global provider of advanced communications solutions. The company designs, develops, and deploys equipment, systems, and services that enable secure and reliable transmission of voice, video, and data. Over its history, Comtech has built a reputation for innovation across satellite communications, wireless data systems, and public safety networks, serving both commercial and government customers worldwide.

Comtech operates through two primary business segments: Commercial Solutions and Government Solutions.