$ 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 “buy” rating on the stock in a research report released on Tuesday, November 9. TheStreet downgraded CommScope from a “c-” rating to a “d +” 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.

(A d)

We took out the complexities and translated Wall Street into English. If you are new to options trading, this guide is for you!

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.

Recommended story: what is call options volume?

Get a free copy of Zacks‘ research report on CommScope (COMM)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in CommScope now?

Before you consider CommScope, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the top five stocks that top analysts quietly whisper to their clients to buy now before the wider market takes hold … and CommScope was not on the list.

While CommScope currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here


Comments are closed.