Commscope (COMM) to Release Quarterly Earnings on Thursday

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Commscope (NASDAQ:COMM) will announce its earnings results before the market opens on Thursday, November 8th. Analysts expect the company to announce earnings of $0.63 per share for the quarter.

Commscope (NASDAQ:COMM) last released its earnings results on Tuesday, July 31st. The communications equipment provider reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.03. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Commscope had a net margin of 4.43% and a return on equity of 24.14%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS. On average, analysts expect Commscope to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NASDAQ:COMM opened at $24.06 on Thursday. The firm has a market cap of $4.54 billion, a P/E ratio of 11.91, a P/E/G ratio of 1.28 and a beta of 0.99. Commscope has a one year low of $23.14 and a one year high of $41.60. The company has a quick ratio of 2.16, a current ratio of 2.77 and a debt-to-equity ratio of 2.57.

Several equities analysts recently commented on COMM shares. Cross Research upgraded shares of Commscope from a “hold” rating to a “buy” rating in a research note on Thursday, October 4th. Goldman Sachs Group cut shares of Commscope from a “buy” rating to a “neutral” rating and set a $32.00 target price for the company. in a research note on Tuesday, October 9th. BidaskClub cut shares of Commscope from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 11th. Rosenblatt Securities restated a “hold” rating and issued a $32.00 price objective on shares of Commscope in a research note on Sunday, August 5th. Finally, Nomura cut shares of Commscope from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $35.00 to $31.00 in a research note on Friday, October 5th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $34.88.

About Commscope

CommScope Holding Company, Inc provides infrastructure solutions for communications networks worldwide. The company's CommScope Connectivity Solutions segment offers optical fiber and twisted pair structured cable solutions, intelligent infrastructure software, and network rack and cabinet enclosures under the SYSTIMAX, NETCONNECT, and Uniprise brands; and fiber management systems, patch cords and panels, pre-terminated fiber connectivity, complete cabling systems, and cable assemblies for use in offices and data centers.

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Earnings History for Commscope (NASDAQ:COMM)

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