Commscope Holding Company Inc (COMM) Expected to Post Earnings of $0.37 Per Share

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Equities analysts expect Commscope Holding Company Inc (NASDAQ:COMM) to report earnings of $0.37 per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Commscope’s earnings, with estimates ranging from $0.36 to $0.39. Commscope posted earnings of $0.47 per share during the same quarter last year, which would indicate a negative year over year growth rate of 21.3%. The business is scheduled to report its next earnings report on Thursday, February 21st.

According to Zacks, analysts expect that Commscope will report full year earnings of $2.14 per share for the current year, with EPS estimates ranging from $2.11 to $2.20. For the next year, analysts anticipate that the firm will post earnings of $2.16 per share, with EPS estimates ranging from $2.10 to $2.25. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Commscope.

Commscope (NASDAQ:COMM) last posted its quarterly earnings data on Thursday, November 8th. The communications equipment provider reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.07). The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Commscope had a net margin of 4.69% and a return on equity of 23.68%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 EPS.

A number of analysts have recently weighed in on the stock. BidaskClub downgraded shares of Commscope from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 18th. ValuEngine raised shares of Commscope from a “sell” rating to a “hold” rating in a research report on Friday, September 28th. Raymond James raised shares of Commscope from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 8th. Jefferies Financial Group raised shares of Commscope from a “hold” rating to a “buy” rating and set a $18.20 price target for the company in a research report on Sunday, December 2nd. Finally, Bank of America downgraded shares of Commscope from a “buy” rating to a “hold” rating and set a $23.00 price target for the company. in a research report on Tuesday, November 13th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $32.02.

In other Commscope news, SVP Robert W. Granow acquired 4,000 shares of the firm’s stock in a transaction on Monday, November 12th. The stock was purchased at an average price of $19.60 per share, with a total value of $78,400.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Frank B. Wyatt II acquired 7,500 shares of the firm’s stock in a transaction on Wednesday, November 14th. The stock was acquired at an average cost of $18.80 per share, with a total value of $141,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 76,500 shares of company stock valued at $1,442,400. 3.35% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its holdings in Commscope by 15.1% in the third quarter. AQR Capital Management LLC now owns 20,385 shares of the communications equipment provider’s stock worth $627,000 after purchasing an additional 2,674 shares during the period. Leith Wheeler Investment Counsel Ltd. boosted its holdings in shares of Commscope by 3.1% during the third quarter. Leith Wheeler Investment Counsel Ltd. now owns 99,090 shares of the communications equipment provider’s stock valued at $3,048,000 after acquiring an additional 2,960 shares during the period. Eagle Asset Management Inc. boosted its holdings in shares of Commscope by 1.0% during the second quarter. Eagle Asset Management Inc. now owns 341,959 shares of the communications equipment provider’s stock valued at $9,986,000 after acquiring an additional 3,219 shares during the period. Yorktown Management & Research Co Inc boosted its holdings in shares of Commscope by 19.6% during the second quarter. Yorktown Management & Research Co Inc now owns 22,000 shares of the communications equipment provider’s stock valued at $643,000 after acquiring an additional 3,600 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Commscope by 7.8% during the second quarter. PNC Financial Services Group Inc. now owns 51,501 shares of the communications equipment provider’s stock valued at $1,505,000 after acquiring an additional 3,726 shares during the period.

Shares of COMM stock traded up $0.24 during mid-day trading on Wednesday, reaching $16.84. 32,862 shares of the company were exchanged, compared to its average volume of 2,704,491. Commscope has a fifty-two week low of $16.46 and a fifty-two week high of $41.60. The company has a current ratio of 2.44, a quick ratio of 1.80 and a debt-to-equity ratio of 2.27. The company has a market capitalization of $3.20 billion, a P/E ratio of 8.34, a PEG ratio of 2.66 and a beta of 1.16.

Commscope Company Profile

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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