Wall Street brokerages expect that Commscope Holding Company Inc (NASDAQ:COMM) will report earnings per share of $0.48 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Commscope’s earnings, with estimates ranging from $0.44 to $0.54. Commscope reported earnings per share of $0.52 in the same quarter last year, which would suggest a negative year over year growth rate of 7.7%. The company is expected to report its next earnings report on Thursday, May 3rd.
On average, analysts expect that Commscope will report full-year earnings of $2.65 per share for the current financial year, with EPS estimates ranging from $2.55 to $2.86. For the next year, analysts anticipate that the company will post earnings of $2.85 per share, with EPS estimates ranging from $2.75 to $2.99. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Commscope.
Commscope (NASDAQ:COMM) last posted its quarterly earnings data on Thursday, February 15th. The communications equipment provider reported $0.47 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. Commscope had a return on equity of 26.02% and a net margin of 4.25%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business earned $0.61 EPS. Commscope’s quarterly revenue was down 5.0% on a year-over-year basis.
COMM has been the subject of several research reports. Citigroup boosted their price objective on Commscope from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. BidaskClub lowered Commscope from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 20th. Zacks Investment Research lowered Commscope from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. ValuEngine lowered Commscope from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. Finally, Northland Securities restated a “hold” rating and issued a $33.00 price target on shares of Commscope in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $42.56.
Commscope (NASDAQ:COMM) traded down $0.17 during trading hours on Tuesday, reaching $39.19. The company’s stock had a trading volume of 1,540,000 shares, compared to its average volume of 2,060,000. Commscope has a 52 week low of $30.95 and a 52 week high of $42.75. The company has a current ratio of 2.69, a quick ratio of 2.07 and a debt-to-equity ratio of 2.65. The stock has a market cap of $7,480.00, a price-to-earnings ratio of 35.63, a P/E/G ratio of 2.07 and a beta of 1.13.
In other Commscope news, Director Stephen C. Gray sold 28,575 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $38.96, for a total transaction of $1,113,282.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Philip Martin Armstrong, Jr. sold 10,000 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $39.02, for a total value of $390,200.00. The disclosure for this sale can be found here. Insiders have sold 218,859 shares of company stock worth $8,310,727 over the last 90 days. 3.33% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Commscope by 338.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,944 shares of the communications equipment provider’s stock valued at $149,000 after acquiring an additional 3,044 shares in the last quarter. American International Group Inc. acquired a new stake in shares of Commscope in the fourth quarter valued at $161,000. Koch Industries Inc. acquired a new stake in shares of Commscope in the fourth quarter valued at $201,000. Taurus Asset Management LLC acquired a new stake in shares of Commscope in the third quarter valued at $222,000. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Commscope in the fourth quarter valued at $224,000.
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Commscope Company Profile
CommScope Holding Company, Inc (CommScope) is a provider of infrastructure solutions for the core, access and edge layers of communications networks. The Company operates through two segments: CommScope Connectivity Solutions (CCS) and CommScope Mobility Solutions (CMS). Its portfolio includes wireless and fiber optic solutions.
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