Comtech Telecommunications (NASDAQ:CMTL) Releases Earnings Results, Misses Estimates By $0.88 EPS

Comtech Telecommunications (NASDAQ:CMTL) issued its quarterly earnings data on Monday. The communications equipment provider reported ($1.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.88), Zacks reports. Comtech Telecommunications had a positive return on equity of 2.38% and a negative net margin of 18.50%.

Comtech Telecommunications Trading Down 43.3 %

Shares of Comtech Telecommunications stock opened at $2.34 on Tuesday. Comtech Telecommunications has a fifty-two week low of $1.53 and a fifty-two week high of $8.18. The business’s fifty day moving average is $3.42 and its two-hundred day moving average is $3.45. The company has a quick ratio of 1.33, a current ratio of 1.83 and a debt-to-equity ratio of 0.56. The firm has a market cap of $68.15 million, a PE ratio of -0.50 and a beta of 1.52.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. StockNews.com upgraded Comtech Telecommunications to a “sell” rating in a research report on Thursday, January 2nd. B. Riley reduced their target price on shares of Comtech Telecommunications from $12.25 to $9.25 and set a “buy” rating on the stock in a report on Monday, November 4th.

Comtech Telecommunications Company Profile

Comtech Telecommunications Corp., together with its subsidiaries, engages in the provision of next-gen telecommunication solutions in the United States and internationally. The company’s Satellite and Space Communications segment offers satellite ground station technologies, services and system integration that facilitates the transmission of voice, video, and data over GEO, MEO and LEO satellite constellations, including solid-state and traveling wave tube power amplifiers, modems, VSAT platforms, and frequency converters; and satellite communications and tracking antenna systems, including high precision full motion fixed and mobile X/Y tracking antennas, RF feeds, reflectors, and radomes.