Brokerages Anticipate Commscope Holding Company Inc (NASDAQ:COMM) to Announce $0.37 Earnings Per Share

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Equities research analysts expect Commscope Holding Company Inc (NASDAQ:COMM) to report earnings per share of $0.37 for the current quarter, Zacks reports. Four analysts have made estimates for Commscope’s earnings, with the highest EPS estimate coming in at $0.59 and the lowest estimate coming in at $0.30. Commscope posted earnings of $0.51 per share during the same quarter last year, which indicates a negative year over year growth rate of 27.5%. The business is expected to report its next quarterly earnings report on Thursday, February 20th.

According to Zacks, analysts expect that Commscope will report full-year earnings of $2.03 per share for the current year, with EPS estimates ranging from $1.99 to $2.05. For the next financial year, analysts forecast that the firm will report earnings of $2.30 per share, with EPS estimates ranging from $2.13 to $2.75. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Commscope.

Commscope (NASDAQ:COMM) last posted its quarterly earnings data on Thursday, November 7th. 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. Commscope had a positive return on equity of 27.25% and a negative net margin of 7.26%. The business had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the previous year, the firm posted $0.59 EPS. The business’s revenue was up 106.9% on a year-over-year basis.

A number of analysts have recently commented on COMM shares. Jefferies Financial Group dropped their price target on Commscope from $28.50 to $16.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Credit Suisse Group dropped their price target on Commscope from $27.00 to $23.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. TheStreet cut Commscope from a “c” rating to a “d” rating in a research report on Friday, August 16th. Rosenblatt Securities cut Commscope from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $16.00 to $13.00 in a research report on Tuesday, October 29th. Finally, Bank of America dropped their price target on Commscope from $26.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.50.

Shares of COMM traded down $0.24 during mid-day trading on Wednesday, reaching $13.36. The company had a trading volume of 2,143,364 shares, compared to its average volume of 3,273,843. The company has a debt-to-equity ratio of 8.34, a quick ratio of 1.29 and a current ratio of 1.86. The firm has a 50-day moving average price of $12.94 and a 200 day moving average price of $13.77. Commscope has a 52 week low of $9.52 and a 52 week high of $27.00. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 6.33, a price-to-earnings-growth ratio of 0.62 and a beta of 1.58.

In other Commscope news, Director L William Krause acquired 21,250 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were acquired at an average cost of $11.87 per share, with a total value of $252,237.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Frank M. Drendel sold 153,877 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $14.25, for a total value of $2,192,747.25. Corporate insiders own 3.25% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in COMM. Steward Partners Investment Advisory LLC bought a new position in Commscope in the 2nd quarter valued at approximately $43,000. Advisor Group Inc. raised its stake in Commscope by 256.3% during the 2nd quarter. Advisor Group Inc. now owns 4,482 shares of the communications equipment provider’s stock valued at $71,000 after buying an additional 3,224 shares during the last quarter. Machina Capital S.A.S. raised its stake in Commscope by 174.1% during the 2nd quarter. Machina Capital S.A.S. now owns 5,236 shares of the communications equipment provider’s stock valued at $82,000 after buying an additional 3,326 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in Commscope during the 2nd quarter valued at $115,000. Finally, Oppenheimer Asset Management Inc. raised its stake in Commscope by 27.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,289 shares of the communications equipment provider’s stock valued at $121,000 after buying an additional 2,237 shares during the last quarter.

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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