Zacks: Brokerages Expect CommScope Holding Company, Inc. (NASDAQ: COMM) to Report EPS of $ 0.43

Wall Street brokerages forecast CommScope Holding Company, Inc. (NASDAQ: COMM) to post earnings per share of $ 0.43 for the current fiscal quarter, according to Zack. Five analysts estimated CommScope’s earnings, with the highest estimate of EPS at $ 0.59 and the lowest estimate at $ 0.35. CommScope reported earnings per share of $ 0.51 for the same quarter last year, which would indicate a negative year-over-year growth rate of 15.7%. The company is expected to announce its next quarterly earnings report on Thursday, November 4.

According to Zacks, analysts expect CommScope to report annual earnings of $ 1.65 per share for the current year, with EPS estimates ranging from $ 1.43 to $ 1.98. For next year, analysts expect the company to post earnings of $ 2.19 per share, with EPS estimates ranging from $ 1.86 to $ 2.38. Zacks earnings per share averages are an average based on a survey of research companies that track CommScope.

CommScope (NASDAQ: COMM) last released its results on Thursday, August 5. The communications equipment provider reported earnings per share of $ 0.43 for the quarter, missing analyst consensus estimates of $ 0.44 per ($ 0.01). The company posted revenue of $ 2.19 billion for the quarter, compared to a consensus estimate of $ 2.17 billion. CommScope recorded a positive return on equity of 192.26% and a negative net margin of 4.02%. The company’s revenue increased 3.9% compared to the same quarter last year. In the same quarter of the previous year, the company achieved EPS of $ 0.32.

A number of equity research analysts have recently commented on COMM stocks. Credit Suisse Group reduced its price target on CommScope from $ 24.00 to $ 23.00 and established an “outperformance” rating for the company in a research note on Friday August 6. Morgan Stanley increased its target price on CommScope from $ 19.00 to $ 24.00 and assigned the company an “overweight” rating in a research note on Tuesday, July 6. They noted that the move was an appraisal call. Finally, Evercore ISI upgraded CommScope from an “online” rating to an “outperforming” rating and increased its target price for the company from $ 19.00 to $ 24.00 in a research note on Friday 21 may. Three research analysts rated the stock with a sell rating, one assigned a conservation rating, and seven gave the company a buy rating. Based on data from MarketBeat, the stock currently has an average “Hold” rating and an average target price of $ 19.80.

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But this miner can sit on tons.

Actions of CommScope Actions open for $ 14.61 Thursday. The company has a quick ratio of 1.12, a current ratio of 1.67 and a debt ratio of 137.66. CommScope has a 12-month minimum of $ 8.25 and a 12-month high of $ 22.18. The company has a fifty-day simple moving average of $ 17.53 and a 200-day simple moving average of $ 17.84. The stock has a market cap of $ 2.98 billion, a PE ratio of -7.38, a price / earnings-growth ratio of 0.41, and a beta of 1.80.

Several institutional investors have recently bought and sold shares of COMM. Boston Partners increased its position in CommScope by 394.2% during the second quarter. Boston Partners now owns 6,478,230 shares of the communications equipment supplier valued at $ 138,106,000 after purchasing an additional 5,167,373 shares in the last quarter. Newbrook Capital Advisors LP acquired a new interest in CommScope during the second quarter valued at approximately $ 38,916,000. Goldentree Asset Management LP increased its position in CommScope by 61.4% during the second quarter. Goldentree Asset Management LP now owns 4,323,557 shares of the communications equipment supplier valued at $ 92,135,000 after purchasing an additional 1,644,898 shares in the last quarter. Wolf Hill Capital Management LP acquired a new interest in CommScope during the second quarter valued at approximately $ 32,459,000. Finally, Nuveen Asset Management LLC increased its stake in CommScope shares by 21.6% in the 1st quarter. Nuveen Asset Management LLC now owns 8,539,392 shares of the communications equipment supplier valued at $ 131,165,000 after purchasing an additional 1,519,018 shares in the last quarter. 93.27% of the shares are currently held by institutional investors.

About CommScope

CommScope Holding Co, Inc is committed to providing infrastructure solutions for communication networks. It operates through the following segments: broadband; Home; Outdoor wireless networks (OWN); and site and campus networks (VCNs). The company was founded by Frank M. Drendel in 1976 and is headquartered in Hickory, North Carolina.

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