CommScope (COMM) to Release Quarterly Earnings on Thursday

CommScope (NASDAQ:COMM) will be releasing 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. Parties interested in participating in the company’s conference call can do so using this link.

CommScope (NASDAQ:COMM) last posted its quarterly earnings data on Thursday, August 8th. The communications equipment provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). CommScope had a negative net margin of 31.24% and a negative return on equity of 3.08%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the firm earned $0.14 earnings per share. The firm’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 Stock Performance

CommScope stock opened at $6.42 on Tuesday. The stock has a market capitalization of $1.39 billion, a P/E ratio of -0.79, a P/E/G ratio of 0.30 and a beta of 2.09. The company’s fifty day moving average price is $5.66 and its 200 day moving average price is $3.10. CommScope has a 1 year low of $0.86 and a 1 year high of $7.07.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Northland Securities increased their target price on CommScope from $1.25 to $2.00 and gave the company a “market perform” rating in a report on Monday, August 12th. Deutsche Bank Aktiengesellschaft increased their price target 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. Morgan Stanley increased their price objective on CommScope from $2.70 to $5.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, StockNews.com upgraded CommScope from a “sell” rating to a “hold” rating in a research report on Thursday, August 15th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, CommScope presently has a consensus rating of “Hold” and an average 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.