$0.33 per share earnings expected for CommScope Holding Company, Inc. (NASDAQ:COMM) this quarter

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Wall Street brokerages expect CommScope Holding Company, Inc. (NASDAQ: COMMGet a rating) to report earnings per share (EPS) of $0.33 for the current quarter, Zacks reports. Six analysts released CommScope earnings estimates, with the lowest EPS estimate of $0.29 and the highest estimate of $0.41. CommScope reported earnings of $0.43 per share in the same quarter last year, indicating a negative 23.3% year-over-year growth rate. The company is due to release its next earnings report on Monday, January 1.

According to Zacks, analysts expect CommScope to report annual earnings of $1.59 per share for the current year, with EPS estimates ranging from $1.34 to $1.80. For the next fiscal year, analysts expect the company to post earnings of $2.35 per share, with EPS estimates ranging from $2.02 to $2.71. Zacks EPS averages are an average average based on a survey of sell-side analysts who track CommScope.

CommScope (NASDAQ: COMMGet a rating) last reported quarterly earnings data on Thursday, May 5. The communications equipment provider reported EPS of $0.26 for the quarter, beating the consensus estimate of $0.15 by $0.11. The company posted revenue of $2.23 billion in the quarter, versus analyst estimates of $2.07 billion. CommScope had a negative net margin of 5.78% and a negative return on equity of 235.45%. CommScope revenue increased 7.6% year over year. During the same period last year, the company posted EPS of $0.27.

Several brokerages have recently weighed in on COMM. StockNews.com began covering CommScope shares in a report on Thursday, March 31. They issued a “holding” rating on the stock. 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 Friday, Feb. 18 report. Morgan Stanley cut its price target on CommScope shares from $14.00 to $9.00 and set an “overweight” rating on the stock in a Tuesday, April 12 report. Deutsche Bank Aktiengesellschaft cut its price target on CommScope shares from $14.00 to $9.00 and set a “buy” rating on the stock in a Wednesday, April 13 report. Finally, Citigroup cut its price target on CommScope shares from $8.50 to $6.00 in a Friday, May 6 report. Two research analysts gave the stock a sell rating, seven gave the company a hold rating and three gave the company a buy rating. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $10.40.

Shares of CommScope Stock traded down $0.29 in Friday’s midday session, hitting $8.05. The company had a trading volume of 2,377,144 shares, compared to an average volume of 3,901,379. The stock has a market capitalization of $1.67 billion, a price-earnings ratio of -2.93, a PEG ratio of 0.21 and a beta of 1.67. The company has a fifty-day simple moving average of $6.98 and a 200-day simple moving average of $8.78. CommScope has a 12-month low of $5.94 and a 12-month high of $22.18.

Separately, SVP Farid Firouzbakht acquired 10,000 shares of the company in a transaction on Wednesday May 11. The shares were purchased at an average price of $6.97 per share, for a total transaction of $69,700.00. Following the acquisition, the senior vice president now owns 149,824 shares of the company, valued at approximately $1,044,273.28. The acquisition was disclosed in a filing with the Securities & Exchange Commission, available at this link. Additionally, CEO Charles L. Treadway acquired 59,927 shares of the company in a transaction on Thursday, June 2. The shares were purchased at an average price of $8.34 per share, for a total transaction of $499,791.18. Following the acquisition, the CEO now directly owns 1,212,302 shares of the company, valued at approximately $10,110,598.68. Disclosure of this purchase can be found here. Insiders purchased a total of 79,927 shares of the company worth $642,771 over the past three months. 2.40% of the shares are held by company insiders.

A number of hedge funds have recently changed their positions in COMM. Counterpoint Mutual Funds LLC bought a new stock position in CommScope during Q4 for $28,000. Neo Ivy Capital Management bought a new stock position in CommScope during Q4 for $35,000. Acadian Asset Management LLC purchased a new stock position in CommScope during Q1 for $51,000. National Bank of Canada FI increased its equity stake in CommScope by 25.9% during the 1st quarter. National Bank of Canada FI now owns 7,082 shares of the communications equipment provider worth $56,000 after acquiring an additional 1,455 shares during the period. Finally, Future Financial Wealth Management LLC bought a new stock position in CommScope during Q4 for $70,000. Institutional investors hold 92.71% of the company’s shares.

About CommScope (Get a rating)

CommScope Holding Company, Inc provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Outdoor Wireless Networks (OWN), Site and Campus Networks (VCN) and Home Networks (Home). The Broadband segment provides converged cable access platforms, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copper connectivity products and hardened closures to the broadband market of telecommunications operators and cable companies.

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