Equity research analysts expect CommScope Holding Company, Inc. (NASDAQ:COMM) to report earnings of $0.21 per share for the current quarter, according to Zacks. Three analysts provided CommScope earnings estimates. The lowest EPS estimate is $0.18 and the highest is $0.28. CommScope reported earnings of $0.36 per share in the same quarter last year, indicating a negative growth rate of 41.7% year over year. The company is expected to release its next quarterly results on Thursday, May 5.
On average, analysts expect CommScope to report annual earnings of $1.63 per share for the current year, with EPS estimates ranging from $1.28 to $1.88. For next year, analysts expect the company to post earnings of $2.30 per share, with EPS estimates ranging from $1.97 to $2.77. Zacks’ EPS calculations are an average average based on a survey of sell-side research analysts who follow CommScope.
CommScope (NASDAQ:COMM) last announced its results on Wednesday, February 16. The communications equipment supplier reported EPS of $0.31 for the quarter, beating Thomson Reuters consensus estimate of $0.10 from $0.21. The company posted revenue of $2.22 billion in the quarter, versus a consensus estimate of $2.04 billion. CommScope recorded a negative net margin of 4.14% and a positive return on equity of 269.72%. The company’s revenue for the quarter increased 4.3% year over year. In the same quarter a year earlier, the company posted earnings per share of $0.49.
COMM has been the subject of several recent analyst reports. TheStreet downgraded CommScope from a “c-” rating to a “d+” rating in a Monday, November 29 report. Credit Suisse Group raised its price target on CommScope shares from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. cut its price target on CommScope from $13.00 to $11.00 in a Thursday, January 20 report. Zacks Investment Research upgraded CommScope shares from a “strong sell” rating to a “hold” rating and set a target price of $14.00 on the stock in a Wednesday, Jan. 5, report. Finally, Deutsche Bank Aktiengesellschaft cut its price target on CommScope shares from $18.00 to $14.00 and set a “buy” rating on the stock in a Tuesday, Nov. 9 research report. Six research analysts rated the stock with a hold rating and five gave the company a buy rating. Based on data from MarketBeat.com, CommScope currently has an average rating of “Hold” and an average price target of $16.45.
Shares of COMM stock traded at $0.53 during Friday’s trading, reaching $10.35. The company’s shares had a trading volume of 8,791,441 shares, compared to its average volume of 4,258,866. The company has a market capitalization of $2.12 billion, a PE ratio of -5.18, a P/E/G ratio of 0.34 and a beta of 1.70. The company has a current ratio of 1.65, a quick ratio of 1.05 and a debt ratio of 137.66. The company has a fifty-day moving average of $10.11 and a 200-day moving average of $11.89. CommScope has a 52-week low of $8.43 and a 52-week high of $22.18.
In related news, the director Claudius E. IV Watts bought 5,000 shares of the company in a transaction on Monday, November 22. The shares were purchased at an average price of $9.77 per share, for a total transaction of $48,850.00. The acquisition was disclosed in a filing with the SEC, which is available via the SEC website. Insiders of the company own 2.70% of the shares of the company.
Several institutional investors have recently increased or reduced their stake in the company. Arizona State Retirement System increased its stake in CommScope by 1.8% in the third quarter. Arizona State Retirement System now owns 55,589 shares of the communications equipment provider valued at $755,000 after buying 997 additional shares last quarter. First Republic Investment Management Inc. increased its equity stake in CommScope by 2.0% during the 4th quarter. First Republic Investment Management Inc. now owns 55,999 shares of the communications equipment provider valued at $618,000 after acquiring 1,122 additional shares last quarter. Pitcairn Co. increased its position in CommScope by 4.9% in the third quarter. Pitcairn Co. now owns 24,215 shares of the communications equipment provider valued at $329,000 after purchasing an additional 1,142 shares during the period. Royal Bank of Canada increased its stake in CommScope shares by 1.3% during the second quarter. Royal Bank of Canada now owns 86,907 shares of the communications equipment provider worth $1,852,000 after buying an additional 1,147 shares last quarter. Finally, Private Capital Group LLC increased its position in CommScope shares by 134.0% in the third quarter. Private Capital Group LLC now owns 2,195 shares of the communications equipment provider worth $30,000 after purchasing an additional 1,257 shares during the period. Institutional investors and hedge funds hold 87.30% of the company’s shares.
CommScope Company Profile
CommScope Holding Co, Inc engages in the provision of infrastructure solutions for communication networks. It operates through the following segments: Broadband, Wireless Home and Outdoor Networks (OWN), and Site and Campus Networks (VCN). The company was founded by Frank M. Drendel in 1976 and is based in Hickory, North Carolina.
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