Exfo Inc. (EXFO) Releases Q1 Earnings Guidance
Exfo Inc. (NASDAQ:EXFO) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.00-0.04 for the period, compared to the Thomson Reuters consensus estimate of $0.05. The company issued revenue guidance of $59-64 million, compared to the consensus revenue estimate of $58.69 million.
Exfo Inc. (NASDAQ:EXFO) traded up 3.85% during trading on Thursday, reaching $4.05. 63,023 shares of the company’s stock were exchanged. Exfo Inc. has a 52 week low of $2.35 and a 52 week high of $4.36. The firm has a market capitalization of $218.28 million, a price-to-earnings ratio of 25.16 and a beta of 0.72. The stock has a 50-day moving average price of $3.58 and a 200 day moving average price of $3.70.
Exfo (NASDAQ:EXFO) last announced its earnings results on Wednesday, October 12th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.04. The company had revenue of $62.90 million for the quarter. Exfo had a return on equity of 6.50% and a net margin of 3.96%. Equities research analysts forecast that Exfo Inc. will post $0.19 earnings per share for the current fiscal year.
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Several equities research analysts recently issued reports on EXFO shares. Zacks Investment Research raised Exfo from a sell rating to a hold rating in a research report on Tuesday, August 30th. RBC Capital Markets reissued a sector perform rating and set a $4.25 price target on shares of Exfo in a research report on Wednesday. Royal Bank Of Canada reissued a sector perform rating and set a $5.50 price target on shares of Exfo in a research report on Thursday, June 30th. Finally, Canaccord Genuity reissued a hold rating on shares of Exfo in a research report on Thursday, June 30th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $4.00.
An institutional investor recently raised its position in Exfo stock. White Pine Capital LLC raised its stake 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 approximately 0.07% of Exfo worth $131,000 as of its most recent SEC filing. 15.07% of the stock is currently owned by institutional investors and hedge funds.
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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