$60.90 Million in Sales Expected for EXFO Inc (EXFO) This Quarter
Equities analysts forecast that EXFO Inc (NASDAQ:EXFO) (TSE:EXF) will announce $60.90 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for EXFO’s earnings, with the lowest sales estimate coming in at $60.80 million and the highest estimate coming in at $61.00 million. EXFO posted sales of $62.86 million during the same quarter last year, which would indicate a negative year over year growth rate of 3.1%. The company is scheduled to report its next quarterly earnings results on Wednesday, October 11th.
According to Zacks, analysts expect that EXFO will report full-year sales of $60.90 million for the current financial year, with estimates ranging from $241.10 million to $241.30 million. For the next fiscal year, analysts expect that the company will report sales of $257.47 million per share, with estimates ranging from $252.60 million to $260.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for EXFO.
EXFO (NASDAQ:EXFO) (TSE:EXF) last announced its earnings results on Thursday, June 29th. The communications equipment provider reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.03 by $0.06. The firm had revenue of $58.50 million during the quarter, compared to the consensus estimate of $61.61 million. EXFO had a return on equity of 2.76% and a net margin of 0.93%. The company’s revenue was down 3.8% on a year-over-year basis.
A number of brokerages have commented on EXFO. TheStreet cut shares of EXFO from a “b” rating to a “c+” rating in a research note on Friday, July 7th. Zacks Investment Research cut shares of EXFO from a “hold” rating to a “strong sell” rating in a research note on Monday, July 3rd. BMO Capital Markets set a $6.00 price target on shares of EXFO and gave the company a “hold” rating in a research note on Saturday, July 1st. Northland Securities set a $6.00 price target on shares of EXFO and gave the company a “buy” rating in a research note on Saturday, July 1st. Finally, Royal Bank Of Canada cut their price target on shares of EXFO from $5.50 to $5.25 and set a “sector perform” rating for the company in a research note on Friday, June 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $5.63.
Several hedge funds have recently bought and sold shares of EXFO. TD Asset Management Inc. bought a new stake in EXFO during the first quarter worth about $1,105,000. Acadian Asset Management LLC boosted its stake in EXFO by 1,114.1% in the first quarter. Acadian Asset Management LLC now owns 86,200 shares of the communications equipment provider’s stock worth $451,000 after buying an additional 79,100 shares in the last quarter. Renaissance Technologies LLC boosted its stake in EXFO by 11.8% in the first quarter. Renaissance Technologies LLC now owns 1,537,890 shares of the communications equipment provider’s stock worth $7,997,000 after buying an additional 162,510 shares in the last quarter. Finally, Hillsdale Investment Management Inc. boosted its stake in EXFO by 20.7% in the first quarter. Hillsdale Investment Management Inc. now owns 187,000 shares of the communications equipment provider’s stock worth $980,000 after buying an additional 32,100 shares in the last quarter. Institutional investors own 16.75% of the company’s stock.
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Shares of EXFO (NASDAQ:EXFO) traded down 1.15% on Wednesday, reaching $4.30. 14,841 shares of the company traded hands. The stock has a 50 day moving average of $4.89 and a 200 day moving average of $5.06. The stock has a market cap of $235.23 million, a price-to-earnings ratio of 107.50 and a beta of 0.57. EXFO has a 52-week low of $3.14 and a 52-week high of $6.15.
EXFO Inc is a Canada-based company, which provides communications service providers (CSPs) and data center, cloud and Web-scale operators with field test, service assurance and analytics solutions to ensure the deployment, maintenance and management of physical, virtual, fixed and mobile networks. It focuses on network infrastructures: 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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