Last $39.69 USD
Change Today +0.01 / 0.03%
Volume 51.2K
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As of 2:20 PM 11/28/14 All times are local (Market data is delayed by at least 15 minutes).

comtech telecommunications (CMTL) Key Developments

Comtech Telecommunications Corp. Declares Quarterly Cash Dividend, Payable on November 19, 2014

Comtech Telecommunications Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share, payable on November 19, 2014, to shareholders of record at the close of business on October 24, 2014. While future dividends will be subject to Board approval, the Board of Directors is currently targeting annual dividend payments aggregating $1.20 per share.

Comtech Telecommunications Corp. Reports Unaudited Consolidated Earnings and Operating Results for the Fourth Quarter and Full Year Ended July 31, 2014; Provides Earnings Guidance for the First Quarter and Fiscal 2015

Comtech Telecommunications Corp. reported unaudited consolidated earnings and operating results for the fourth quarter and full year ended July 2014. For the quarter, the company has posted net sales of $89,378,000 against $84,411,000 a year ago. Operating income was $12,060,000 against $9,789,000 a year ago. Income before provision for income tax was $11,921,000 against $8,065,000 a year ago. Net income was $7,988,000 or $0.48 diluted per share against $5,156,000 or $0.28 diluted per share a year ago. Adjusted EBITDA was $16,711,000 against $14,023,000 a year ago. For the year, the company has posted net sales of $347,150,000 against $319,797,000 a year ago. Operating income was $43,898,000 against $34,489,000 a year ago. Income before provision for income tax was $38,507,000 against $27,493,000 a year ago. Net income was $25,151,000 or $1.37 diluted per share against $17,808,000 or $0.97 diluted per share a year ago. Adjusted EBITDA was $61,336,000 against $52,242,000 a year ago. The company also announced initial financial guidance for its July 31, 2015 fiscal year. The company generated $34.6 million of operating cash flow. The company projects that sales for fiscal 2015 will be between $355.0 million and $370.0 million. GAAP diluted EPS is expected to be between $1.70 and $1.86. Adjusted EBITDA for fiscal 2015 is expected to be in the range of $63.0 million to $67.0 million. The company targeting operating income as a percentage of consolidated net sales in fiscal 2015 to be slightly higher than the 12.6%, achieved in fiscal 2014. The company expects GAAP tax rate in fiscal 2015, excluding the impact of discrete tax items, will approximate 35%. For the first quarter of 2015, the company expects revenues and EBITDA to be lower than what posted in first quarter of fiscal 2014.

Comtech Telecommunications Corp. to Report Q4, 2014 Results on Oct 09, 2014

Comtech Telecommunications Corp. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Oct 09, 2014

Comtech Telecommunications Corp., Q4 2014 Earnings Call, Oct 10, 2014

Comtech Telecommunications Corp., Q4 2014 Earnings Call, Oct 10, 2014

Comtech Reportedly Explore Strategic Alternatives

Comtech Telecommunications Corp. (NasdaqGS:CMTL) is exploring strategic alternatives, including a possible merger or sale of the company, Comtech Telecommunications said confirming Reuters report. Citing people familiar with the matter, Reuters reported Comtech has tapped investment bank Citigroup to review a potential sale and has received preliminary expressions of interest in recent weeks. Citigroup Inc. (NYSE:C) acted as the financial advisor and Proskauer Rose LLP as its legal adviser in connection with the strategic review. Comtech had considered selling itself a few times in the past, and there is no guarantee the latest process will lead to a transaction, people familiar with the matter said.

 

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CMTL

Industry Average

Valuation CMTL Industry Range
Price/Earnings 33.0x
Price/Sales 1.8x
Price/Book 1.6x
Price/Cash Flow 20.5x
TEV/Sales 1.4x
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