Comtech Telecommunications Corp. (NASDAQ:CMTL) Forecasted to Earn Q4 2024 Earnings of $0.14 Per Share

Comtech Telecommunications Corp. (NASDAQ:CMTL) – Investment analysts at Sidoti Csr cut their Q4 2024 EPS estimates for shares of Comtech Telecommunications in a research report issued on Tuesday, March 19th. Sidoti Csr analyst G. Burns now anticipates that the communications equipment provider will earn $0.14 per share for the quarter, down from their prior estimate of $0.17. The consensus estimate for Comtech Telecommunications’ current full-year earnings is $0.89 per share. Sidoti Csr also issued estimates for Comtech Telecommunications’ Q1 2025 earnings at $0.22 EPS, Q2 2025 earnings at $0.23 EPS, Q3 2025 earnings at $0.21 EPS, Q4 2025 earnings at $0.20 EPS and FY2025 earnings at $0.86 EPS.

Other equities analysts have also issued research reports about the stock. B. Riley started coverage on shares of Comtech Telecommunications in a report on Friday, December 15th. They issued a “buy” rating and a $18.25 price target on the stock. Jefferies Financial Group lowered shares of Comtech Telecommunications from a “hold” rating to an “underperform” rating and reduced their target price for the company from $10.00 to $7.50 in a report on Friday, December 8th. Finally, StockNews.com lowered shares of Comtech Telecommunications from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th.

Comtech Telecommunications Trading Down 2.1 %

Shares of CMTL stock opened at $3.21 on Thursday. Comtech Telecommunications has a 12 month low of $3.06 and a 12 month high of $13.04. The stock has a market capitalization of $91.39 million, a P/E ratio of -1.89, a PEG ratio of 0.49 and a beta of 1.51. The firm’s 50 day moving average is $6.22 and its 200 day moving average is $8.60.

Hedge Funds Weigh In On Comtech Telecommunications

Hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Comtech Telecommunications by 0.9% during the 3rd quarter. BlackRock Inc. now owns 4,305,845 shares of the communications equipment provider’s stock valued at $43,102,000 after purchasing an additional 40,375 shares in the last quarter. Vanguard Group Inc. boosted its stake in Comtech Telecommunications by 11.4% during the third quarter. Vanguard Group Inc. now owns 1,861,239 shares of the communications equipment provider’s stock worth $18,632,000 after acquiring an additional 189,738 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Comtech Telecommunications by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,739,508 shares of the communications equipment provider’s stock worth $27,293,000 after acquiring an additional 11,680 shares in the last quarter. Finally, State Street Corp boosted its stake in Comtech Telecommunications by 2.2% during the first quarter. State Street Corp now owns 1,022,952 shares of the communications equipment provider’s stock worth $12,766,000 after acquiring an additional 22,195 shares in the last quarter. Hedge funds and other institutional investors own 73.93% of the company’s stock.

Comtech Telecommunications Company Profile

Comtech Telecommunications Corp., together with its subsidiaries, engages in the provision of next-gen telecommunication solutions in the United States and internationally. The company's Satellite and Space Communications segment offers satellite ground station technologies, services and system integration that facilitates the transmission of voice, video, and data over GEO, MEO and LEO satellite constellations, including solid-state and traveling wave tube power amplifiers, modems, VSAT platforms, and frequency converters; and satellite communications and tracking antenna systems, including high precision full motion fixed and mobile X/Y tracking antennas, RF feeds, reflectors, and radomes.