Analysts Expect Communications Systems, Inc. (JCS) to Announce ($0.06) Earnings Per Share

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Communications Systems, Inc. (NASDAQ:JCS) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Analysts have set a 12 month consensus price objective of $5.00 for the company and are predicting that the company will post ($0.06) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Communications Systems an industry rank of 156 out of 256 based on the ratings given to its competitors.

A number of analysts recently weighed in on the stock. Northland Securities set a $5.00 price objective on shares of Communications Systems and gave the stock a “buy” rating in a report on Tuesday. ValuEngine cut shares of Communications Systems from a “buy” rating to a “hold” rating in a report on Wednesday.

Shares of Communications Systems stock traded up $0.03 during trading hours on Friday, reaching $2.77. The company’s stock had a trading volume of 2,388 shares, compared to its average volume of 9,098. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.64 and a current ratio of 4.22. Communications Systems has a one year low of $2.03 and a one year high of $4.24. The company has a market cap of $25.54 million, a P/E ratio of -3.90 and a beta of 0.96.

Communications Systems (NASDAQ:JCS) last posted its quarterly earnings results on Monday, May 6th. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter. Communications Systems had a negative net margin of 7.14% and a negative return on equity of 10.14%. The company had revenue of $16.72 million for the quarter. As a group, sell-side analysts predict that Communications Systems will post 0.02 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Bremer Bank National Association acquired a new position in Communications Systems during the 1st quarter valued at about $46,000. Northwestern Mutual Wealth Management Co. acquired a new position in Communications Systems during the 1st quarter valued at about $38,000. Finally, Renaissance Technologies LLC increased its stake in Communications Systems by 1.3% during the 1st quarter. Renaissance Technologies LLC now owns 505,911 shares of the communications equipment provider’s stock valued at $1,341,000 after buying an additional 6,416 shares during the period. 26.58% of the stock is currently owned by hedge funds and other institutional investors.

About Communications Systems

Communications Systems, Inc, through its subsidiaries, manufactures and sells connectivity infrastructure products for broadband and voice communications in North America, Europe, the Middle East, Africa, and internationally. The company's Transition Networks segment designs, assembles, and markets media converters, NIDs, network interface cards, Ethernet switches, small form factor pluggable modules, and other connectivity products under the Transition Networks brand name.

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