Equities research analysts predict that Commscope Holding Company Inc (NASDAQ:COMM) will post earnings per share of $0.45 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Commscope’s earnings, with the lowest EPS estimate coming in at $0.42 and the highest estimate coming in at $0.50. Commscope posted earnings of $0.59 per share in the same quarter last year, which indicates a negative year over year growth rate of 23.7%. The business is expected to report its next quarterly earnings results on Thursday, November 14th.
On average, analysts expect that Commscope will report full year earnings of $2.09 per share for the current year, with EPS estimates ranging from $1.97 to $2.18. For the next year, analysts expect that the firm will report earnings of $2.53 per share, with EPS estimates ranging from $2.35 to $2.77. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Commscope.
Commscope (NASDAQ:COMM) last announced its quarterly earnings results on Thursday, August 8th. The communications equipment provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.16. Commscope had a negative net margin of 5.03% and a positive return on equity of 25.08%. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same period in the previous year, the business posted $0.68 earnings per share. The business’s revenue for the quarter was up 107.0% on a year-over-year basis.
COMM has been the subject of a number of research analyst reports. Bank of America reduced their price target on shares of Commscope from $26.00 to $16.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Jefferies Financial Group dropped their price objective on shares of Commscope from $28.50 to $16.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Goldman Sachs Group raised shares of Commscope from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $20.00 to $19.00 in a report on Thursday, June 20th. Nomura dropped their price objective on shares of Commscope from $24.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, June 27th. Finally, Credit Suisse Group dropped their price objective on shares of Commscope from $27.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $19.13.
In other Commscope news, Director L William Krause acquired 21,250 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were bought at an average price of $11.87 per share, with a total value of $252,237.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.25% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC purchased a new position in Commscope during the second quarter valued at approximately $43,000. Advisor Group Inc. lifted its holdings in Commscope by 256.3% during the second quarter. Advisor Group Inc. now owns 4,482 shares of the communications equipment provider’s stock valued at $71,000 after purchasing an additional 3,224 shares in the last quarter. Machina Capital S.A.S. lifted its holdings in Commscope by 174.1% during the second quarter. Machina Capital S.A.S. now owns 5,236 shares of the communications equipment provider’s stock valued at $82,000 after purchasing an additional 3,326 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in Commscope during the second quarter valued at approximately $115,000. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Commscope by 16.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 8,052 shares of the communications equipment provider’s stock valued at $127,000 after purchasing an additional 1,115 shares in the last quarter. 98.32% of the stock is currently owned by institutional investors.
Shares of COMM stock traded up $0.39 during trading hours on Friday, reaching $11.21. The company had a trading volume of 2,145,596 shares, compared to its average volume of 4,304,916. The business has a fifty day moving average price of $11.30 and a 200-day moving average price of $16.42. Commscope has a one year low of $9.52 and a one year high of $27.00. The firm has a market cap of $2.08 billion, a PE ratio of 5.31, a price-to-earnings-growth ratio of 0.36 and a beta of 1.51. The company has a debt-to-equity ratio of 7.23, a quick ratio of 1.27 and a current ratio of 1.88.
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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