Equities analysts expect that Commscope Holding Company Inc (NASDAQ:COMM) will announce earnings per share of $0.51 for the current quarter, Zacks reports. Five analysts have issued estimates for Commscope’s earnings. The highest EPS estimate is $0.66 and the lowest is $0.42. Commscope reported earnings of $0.59 per share in the same quarter last year, which would indicate a negative year over year growth rate of 13.6%. The firm is expected to announce its next earnings report on Thursday, November 14th.
On average, analysts expect that Commscope will report full year earnings of $2.24 per share for the current year, with EPS estimates ranging from $2.04 to $2.47. For the next year, analysts forecast that the business will report earnings of $2.66 per share, with EPS estimates ranging from $2.35 to $2.95. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Commscope.
Commscope (NASDAQ:COMM) last issued its earnings results on Thursday, August 8th. The communications equipment provider reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.16. Commscope had a positive return on equity of 25.08% and a negative net margin of 5.03%. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the previous year, the firm posted $0.68 earnings per share. Commscope’s quarterly revenue was up 107.0% compared to the same quarter last year.
A number of research firms have recently commented on COMM. Deutsche Bank set a $28.00 target price on Commscope and gave the stock a “buy” rating in a research note on Friday, August 9th. Nomura decreased their target price on Commscope from $24.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, June 27th. Goldman Sachs Group raised Commscope from a “neutral” rating to a “buy” rating and decreased their target price for the company from $20.00 to $19.00 in a research note on Thursday, June 20th. BidaskClub downgraded Commscope from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 23rd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $16.00 target price on shares of Commscope in a research note on Friday, August 9th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $19.77.
NASDAQ:COMM traded down $0.40 on Tuesday, reaching $10.34. 3,363,565 shares of the company’s stock were exchanged, compared to its average volume of 2,984,113. The company has a debt-to-equity ratio of 7.23, a current ratio of 1.88 and a quick ratio of 1.27. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 4.90, a P/E/G ratio of 0.34 and a beta of 1.51. Commscope has a 52 week low of $9.52 and a 52 week high of $31.77. The stock has a fifty day simple moving average of $12.62 and a 200-day simple moving average of $18.51.
In related news, Director Frank M. Drendel sold 80,800 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $15.84, for a total transaction of $1,279,872.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.25% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC bought a new stake in Commscope during the 2nd quarter valued at $43,000. Advisor Group Inc. raised its position in shares of Commscope by 256.3% in the 2nd quarter. Advisor Group Inc. now owns 4,482 shares of the communications equipment provider’s stock worth $71,000 after acquiring an additional 3,224 shares in the last quarter. Machina Capital S.A.S. raised its position in shares of Commscope by 174.1% in the 2nd quarter. Machina Capital S.A.S. now owns 5,236 shares of the communications equipment provider’s stock worth $82,000 after acquiring an additional 3,326 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Commscope by 200.6% in the 1st quarter. Advisors Asset Management Inc. now owns 6,382 shares of the communications equipment provider’s stock worth $139,000 after acquiring an additional 4,259 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in shares of Commscope in the 2nd quarter worth $115,000. Institutional investors own 98.46% of the company’s stock.
Commscope Company Profile
CommScope Holding Company, Inc provides infrastructure solutions for communications networks worldwide. The company's CommScope Connectivity Solutions segment offers optical fiber and twisted pair structured cable solutions, intelligent infrastructure software, and network rack and cabinet enclosures under the SYSTIMAX, NETCONNECT, and Uniprise brands; and fiber management systems, patch cords and panels, pre-terminated fiber connectivity, complete cabling systems, and cable assemblies for use in offices and data centers.
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