Exfo Inc. (EXFO) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS
Exfo Inc. (NASDAQ:EXFO) posted its quarterly earnings data on Wednesday. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by $0.01. Exfo had a net margin of 3.96% and a return on equity of 6.50%.
Exfo (NASDAQ:EXFO) traded up 1.56% during mid-day trading on Wednesday, reaching $3.90. The company’s stock had a trading volume of 111,184 shares. Exfo has a one year low of $2.35 and a one year high of $4.36. The stock has a 50-day moving average price of $3.56 and a 200-day moving average price of $3.70. The company has a market capitalization of $210.19 million, a price-to-earnings ratio of 24.22 and a beta of 0.72.
A number of analysts recently commented on EXFO shares. Zacks Investment Research upgraded Exfo from a “sell” rating to a “hold” rating in a research report on Tuesday, August 23rd. Royal Bank Of Canada reiterated a “sector perform” rating and set a $5.50 price objective on shares of Exfo in a research report on Thursday, June 30th. Finally, Canaccord Genuity reiterated a “hold” rating and set a $4.00 price objective on shares of Exfo in a research report on Thursday, August 11th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $3.96.
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An institutional investor recently raised its position in Exfo stock. White Pine Capital LLC raised its position in Exfo Inc. (NASDAQ:EXFO) by 65.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 38,000 shares of the company’s stock after buying an additional 15,000 shares during the period. White Pine Capital LLC owned 0.07% of Exfo worth $131,000 at the end of the most recent quarter. Institutional investors and hedge funds own 15.07% of the company’s stock.
Exfo Company Profile
EXFO Inc, formerly EXFO Electro-Optical Engineering Inc, designs, manufactures and markets test, service assurance and network visibility solutions for fixed and mobile network operators, Web-scale service providers, as well as equipment manufacturers in the global telecommunications industry. The Company focuses on network infrastructures, including fourth generation (4G)/long-term evolution (LTE), wireless backhaul, small cells and distributed antenna systems (DAS), 100G network upgrades and fiber-to-the-home (FTTH)/fiber-to-the-curb (FTTC)/fiber-to-the-node (FTTN) deployments.
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