Comtech Telecomm. Corp. (CMTL) Declares Quarterly Dividend of $0.10

Comtech Telecomm. Corp. (NASDAQ:CMTL) announced a quarterly dividend on Wednesday, December 6th, RTT News reports. Shareholders of record on Wednesday, January 17th will be given a dividend of 0.10 per share by the communications equipment provider on Friday, February 16th. This represents a $0.40 dividend on an annualized basis and a yield of 1.93%.

Comtech Telecomm. (NASDAQ:CMTL) traded up $0.07 during mid-day trading on Wednesday, reaching $20.76. The company’s stock had a trading volume of 163,600 shares, compared to its average volume of 242,219. Comtech Telecomm. has a 1 year low of $9.65 and a 1 year high of $22.90. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.25 and a current ratio of 1.67. The stock has a market capitalization of $488.64, a P/E ratio of 60.85, a PEG ratio of 10.09 and a beta of 1.91.

Comtech Telecomm. (NASDAQ:CMTL) last posted its quarterly earnings results on Wednesday, December 6th. The communications equipment provider reported ($0.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.29) by $0.22. Comtech Telecomm. had a return on equity of 1.70% and a net margin of 2.88%. The firm had revenue of $121.57 million during the quarter, compared to the consensus estimate of $106.94 million. During the same quarter in the previous year, the business earned ($0.11) earnings per share. The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. equities analysts predict that Comtech Telecomm. will post 0.41 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Comtech Telecomm. from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Northland Securities reaffirmed a “buy” rating on shares of Comtech Telecomm. in a research report on Friday, November 17th. Noble Financial reaffirmed a “buy” rating on shares of Comtech Telecomm. in a research report on Friday, September 29th. BidaskClub raised Comtech Telecomm. from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $21.00 target price on shares of Comtech Telecomm. in a research report on Thursday, September 28th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $19.10.

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About Comtech Telecomm.

Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for communications solutions. The Company operates through two segments: Commercial Solutions and Government Solutions. It offers communications solutions, including command and control technologies, safety and security technologies and enterprise technologies.

Dividend History for Comtech Telecomm. (NASDAQ:CMTL)

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