$ 0.20 in earnings per share expected for CommScope Holding Company, Inc. (NASDAQ: COMM) this quarter
Wall Street brokerage firms forecast that CommScope Holding Company, Inc. (NASDAQ: COMM) will post earnings of $ 0.20 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts provided earnings estimates for CommScope, with the highest EPS estimate being $ 0.39 and the lowest estimate being $ 0.09. CommScope posted earnings of $ 0.59 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 66.1%. The company is expected to release its next results on Wednesday, February 16.
On average, analysts expect CommScope to report annual earnings of $ 1.28 per share for the current year, with EPS estimates ranging from $ 1.18 to $ 1.48. For the next fiscal year, analysts predict the company will post earnings of $ 1.61 per share, with EPS estimates ranging from $ 1.28 to $ 1.88. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts who cover CommScope.
CommScope (NASDAQ: COMM) last released its quarterly earnings data on Thursday, November 4. The communications equipment provider reported earnings of $ 0.29 per share for the quarter, missing the consensus estimate of $ 0.34 ($ 0.05). The company posted revenue of $ 2.11 billion in the quarter, compared to a consensus estimate of $ 2.21 billion. CommScope had a negative net margin of 4.14% and a positive return on equity of 269.72%. The company’s turnover is down 2.9% compared to the same quarter last year. During the same period of the previous year, the company posted earnings per share of $ 0.37.
A number of brokerage firms have published reports on COMM. JPMorgan Chase & Co. reduced CommScope from an “overweight” rating to a “neutral” rating and reduced its target price for the share from $ 15.00 to $ 13.00 in a report released on Monday, December 13. Deutsche Bank Aktiengesellschaft lowered its price target on CommScope from $ 18.00 to $ 14.00 and set a âbuyâ rating on the stock in a research report released on Tuesday, November 9. TheStreet downgraded CommScope from a âc-â rating to a âd +â rating in a Monday, November 29th research note. Jefferies Financial Group downgraded CommScope from a “custody” rating to a “buy” rating and increased its price target for the company from $ 11.00 to $ 15.00 in a Tuesday research note December 7. Finally, Bank of America downgraded CommScope from a “buy” rating to a “neutral” rating and lowered its price target for the company from $ 22.00 to $ 15.00 in a research note on Thursday. September 23. One investment analyst rated the stock with a sell rating, four assigned a conservation rating, and six assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $ 17.14.
In other CommScope news, Senior Vice President Justin C. Choi acquired 15,384 shares in a trade that took place on Monday, November 8. The shares were acquired at an average cost of $ 9.75 per share, for a total value of $ 149,994.00. The transaction was disclosed in a filing with the SEC, which is available at this link. In addition, Director Claudius E. Iv Watts acquired 30,000 shares of CommScope in a transaction dated Monday, November 8. The stock was purchased at an average price of $ 9.96 per share, for a total value of $ 298,800.00. Disclosure of this purchase can be found here. During the last quarter, insiders purchased 105,384 shares of the company valued at $ 1,032,444. Company insiders own 2.70% of the company’s shares.
Institutional investors recently bought and sold stocks. UBS Asset Management Americas Inc. increased its stake in CommScope by 2.8% during the third quarter. UBS Asset Management Americas Inc. now owns 381,872 shares of the communications equipment supplier valued at $ 5,190,000 after purchasing an additional 10,303 shares during the period. Moors & Cabot Inc. purchased a new equity interest in CommScope during the third quarter valued at approximately $ 985,000. Comerica Bank strengthened its position in CommScope by 16.6% during the third quarter. Comerica Bank now owns 34,454 shares of the communications equipment supplier valued at $ 405,000 after acquiring an additional 4,903 shares in the last quarter. Jupiter Wealth Management LLC acquired a new position in CommScope in the 3rd quarter valued at approximately $ 315,000. Finally, Easterly Investment Partners LLC acquired a new position in CommScope shares in the third quarter valued at approximately $ 172,000. 90.72% of the shares are currently held by institutional investors.
NASDAQ: COMM shares opened at $ 10.77 on Wednesday. CommScope has a twelve month minimum of $ 9.25 and a twelve month maximum of $ 22.18. The company has a market cap of $ 2.20 billion, a PE ratio of -5.39, a price / earnings-growth ratio of 0.60, and a beta of 1.67. The company has a debt to equity ratio of 137.66, a quick ratio of 1.05 and a current ratio of 1.65. The company has a fifty-day moving average of $ 10.74 and a 200-day moving average of $ 15.22.
CommScope Company Profile
CommScope Holding Co, Inc is engaged in providing infrastructure solutions for communication networks. It operates through the following segments: broadband; Homepage; Outdoor wireless networks (OWN); and site and campus networks (VCNs). The company was founded by Frank M. Drendel in 1976 and is headquartered in Hickory, North Carolina.
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