Comtech Telecommunications (NASDAQ:CMTL) Issues FY 2021 Earnings Guidance

Comtech Telecommunications (NASDAQ:CMTL) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided EPS guidance of $- for the period. The company issued revenue guidance of $580 million-590 million, compared to the consensus revenue estimate of $616.35 million.

Shares of CMTL opened at $21.38 on Friday. Comtech Telecommunications has a 1-year low of $12.96 and a 1-year high of $30.40. The firm’s 50-day moving average is $24.33. The company has a market cap of $557.03 million, a price-to-earnings ratio of -6.40 and a beta of 1.93. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.45.

Comtech Telecommunications (NASDAQ:CMTL) last posted its quarterly earnings results on Monday, June 7th. The communications equipment provider reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.07. Comtech Telecommunications had a negative net margin of 14.54% and a positive return on equity of 3.34%. The business had revenue of $139.38 million during the quarter, compared to analyst estimates of $140.55 million. During the same quarter in the previous year, the business posted $0.05 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. Equities analysts predict that Comtech Telecommunications will post 1 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 20th. Stockholders of record on Wednesday, July 21st will be issued a $0.10 dividend. The ex-dividend date is Tuesday, July 20th. This represents a $0.40 annualized dividend and a dividend yield of 1.87%. Comtech Telecommunications’s dividend payout ratio is currently 51.95%.

CMTL has been the subject of several recent research reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reduced their price target on shares of Comtech Telecommunications from $29.00 to $26.00 and set a neutral rating for the company in a report on Wednesday. Northland Securities cut their price objective on shares of Comtech Telecommunications from $31.00 to $28.00 and set an outperform rating on the stock in a research report on Wednesday. Zacks Investment Research downgraded shares of Comtech Telecommunications from a buy rating to a hold rating in a research report on Wednesday, March 24th. Finally, Citigroup cut their price objective on shares of Comtech Telecommunications from $29.00 to $26.00 and set a neutral rating on the stock in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $30.00.

Comtech Telecommunications Company Profile

Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions in the United States and internationally. It operates in two segments, Commercial Solutions and Government Solutions. The Commercial Solutions segment offers satellite ground station technologies, including modems, amplifiers, frequency converters, and network software to modulate, demodulate, and amplify signals, as well as to carry voice, video, and/or data over networks; and public safety and location technologies covering 911 call routing solutions that allow cellular carriers and over the Internet carriers to deliver emergency calls to public safety emergency call centers.

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