Commscope (NASDAQ:COMM) released its earnings results on Thursday. The communications equipment provider reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.11, Briefing.com reports. The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.42 billion. Commscope had a positive return on equity of 25.08% and a negative net margin of 5.03%. Commscope’s quarterly revenue was up 106.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 earnings per share. Commscope updated its Q4 guidance to $0.27-0.37 EPS.
Shares of COMM traded up $0.76 during mid-day trading on Friday, reaching $15.70. 6,605,800 shares of the company’s stock traded hands, compared to its average volume of 3,294,922. The stock’s 50-day moving average is $11.73 and its two-hundred day moving average is $14.73. The stock has a market cap of $2.36 billion, a P/E ratio of 7.44, a P/E/G ratio of 0.41 and a beta of 1.52. The company has a debt-to-equity ratio of 7.23, a current ratio of 1.88 and a quick ratio of 1.27. Commscope has a 12 month low of $9.52 and a 12 month high of $27.00.
In other Commscope news, Director L William Krause purchased 21,250 shares of the company’s stock in a transaction on Monday, September 9th. The stock was acquired at an average price of $11.87 per share, for a total transaction of $252,237.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.25% 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.
Featured Article: Moving Average (MA)
Receive News & Ratings for Commscope Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commscope and related companies with MarketBeat.com's FREE daily email newsletter.