CommScope (COMM) to Release Quarterly Earnings on Thursday

CommScope (NASDAQ:COMM) will release its earnings data before the market opens on Thursday, November 7th. Analysts expect CommScope to post earnings of $0.33 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

CommScope (NASDAQ:COMM) last issued its earnings results on Thursday, August 8th. The communications equipment provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). CommScope had a negative return on equity of 3.08% and a negative net margin of 31.24%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s quarterly revenue was down 12.7% compared to the same quarter last year. On average, analysts expect CommScope to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CommScope Trading Down 5.4 %

COMM stock opened at $6.42 on Tuesday. The company has a market cap of $1.39 billion, a price-to-earnings ratio of -0.79, a PEG ratio of 0.30 and a beta of 2.09. The firm has a 50 day moving average of $5.66 and a 200-day moving average of $3.10. CommScope has a 12-month low of $0.86 and a 12-month high of $7.07.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Northland Securities raised their price target on CommScope from $1.25 to $2.00 and gave the company a “market perform” rating in a research report on Monday, August 12th. StockNews.com raised CommScope from a “sell” rating to a “hold” rating in a research report on Thursday, August 15th. Morgan Stanley increased their price objective on CommScope from $2.70 to $5.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of CommScope from $1.25 to $2.00 and gave the company a “hold” rating in a research note on Tuesday, July 30th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $2.50.

CommScope Company Profile

CommScope Holding Company, Inc provides infrastructure solutions for communications, data center, and entertainment networks worldwide. The company operates through Connectivity and Cable Solutions (CCS); Outdoor Wireless Networks (OWN); Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS) segments.