Comtech Telecomm. Corp. (NASDAQ:CMTL) declared a quarterly dividend on Wednesday, June 5th, RTT News reports. Stockholders of record on Wednesday, July 17th will be paid a dividend of 0.10 per share by the communications equipment provider on Friday, August 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Tuesday, July 16th.
Comtech Telecomm. has decreased its dividend payment by an average of 30.7% per year over the last three years. Comtech Telecomm. has a payout ratio of 41.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Comtech Telecomm. to earn $1.28 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 31.3%.
Shares of CMTL stock opened at $28.10 on Friday. The company has a fifty day simple moving average of $26.15. Comtech Telecomm. has a 52 week low of $20.94 and a 52 week high of $36.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.28 and a current ratio of 1.79. The stock has a market cap of $678.28 million, a P/E ratio of 37.47, a PEG ratio of 4.61 and a beta of 1.49.
Comtech Telecomm. (NASDAQ:CMTL) last issued its earnings results on Wednesday, June 5th. The communications equipment provider reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.21. Comtech Telecomm. had a net margin of 3.98% and a return on equity of 6.88%. The business had revenue of $170.40 million for the quarter, compared to the consensus estimate of $162.30 million. During the same quarter last year, the firm posted $0.34 EPS. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, equities analysts forecast that Comtech Telecomm. will post 1.22 earnings per share for the current fiscal year.
CMTL has been the topic of a number of research reports. TheStreet raised shares of Twilio from a “d” rating to a “c” rating in a research note on Monday, June 24th. BidaskClub downgraded shares of Zynga from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. ValuEngine raised shares of YY from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. Finally, Zacks Investment Research raised shares of Eutelsat Communications from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a research note on Wednesday, June 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $36.00.
About Comtech Telecomm.
Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment offers ground-based equipment, including single channel per carrier modems and solid-state amplifiers that facilitate the transmission of voice, video, and data over satellite links; and traveling wave tube amplifiers, such as high power narrow-band amplifiers used to amplify signals from satellite earth stations, as well as safety and security technologies.
Read More: Understanding Market Liquidity
Receive News & Ratings for Comtech Telecomm. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comtech Telecomm. and related companies with MarketBeat.com's FREE daily email newsletter.