Equities analysts expect Commscope Holding Company Inc (NASDAQ:COMM) to announce earnings of $0.58 per share for the current quarter, according to Zacks. Five analysts have made estimates for Commscope’s earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.55. Commscope posted earnings of $0.68 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 14.7%. The business is scheduled to report its next quarterly earnings report on Tuesday, July 30th.
On average, analysts expect that Commscope will report full year earnings of $2.55 per share for the current financial year, with EPS estimates ranging from $2.47 to $2.65. For the next fiscal year, analysts expect that the firm will post earnings of $3.18 per share, with EPS estimates ranging from $2.75 to $3.62. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Commscope.
Commscope (NASDAQ:COMM) last posted its quarterly earnings results on Thursday, May 9th. The communications equipment provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.07. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. Commscope had a net margin of 2.29% and a return on equity of 23.46%. The business’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 earnings per share.
Commscope stock traded down $0.62 during midday trading on Friday, hitting $14.50. 118,107 shares of the stock were exchanged, compared to its average volume of 2,660,345. Commscope has a 52-week low of $14.77 and a 52-week high of $32.48. The company has a market capitalization of $2.91 billion, a PE ratio of 6.84, a price-to-earnings-growth ratio of 0.34 and a beta of 1.41. The stock’s 50-day simple moving average is $15.94. The company has a quick ratio of 1.42, a current ratio of 2.01 and a debt-to-equity ratio of 4.28.
In related news, COO Bruce William Mcclelland purchased 4,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were purchased at an average price of $18.28 per share, with a total value of $73,120.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frank M. Drendel sold 80,800 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $15.84, for a total transaction of $1,279,872.00. The disclosure for this sale can be found here. 3.25% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COMM. Advisors Asset Management Inc. increased its position in Commscope by 200.6% in the 1st quarter. Advisors Asset Management Inc. now owns 6,382 shares of the communications equipment provider’s stock valued at $139,000 after acquiring an additional 4,259 shares during the period. Wiley BROS. Aintree Capital LLC bought a new position in Commscope during the 2nd quarter valued at $164,000. Bank of Montreal Can boosted its stake in Commscope by 24.9% during the 1st quarter. Bank of Montreal Can now owns 8,256 shares of the communications equipment provider’s stock valued at $179,000 after purchasing an additional 1,644 shares in the last quarter. New Jersey Better Educational Savings Trust bought a new stake in shares of Commscope during the 2nd quarter worth $189,000. Finally, Commerce Bank bought a new stake in shares of Commscope during the 1st quarter worth $201,000. Institutional investors own 97.74% of the company’s stock.
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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