Analysts Anticipate EXFO Inc (EXFO) Will Announce Quarterly Sales of $60.90 Million
Wall Street brokerages expect that EXFO Inc (NASDAQ:EXFO) (TSE:EXF) will announce $60.90 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for EXFO’s earnings, with estimates ranging from $60.80 million to $61.00 million. EXFO reported sales of $62.86 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.1%. The business is scheduled to issue its next 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 fiscal year, with estimates ranging from $241.10 million to $241.30 million. For the next financial year, analysts forecast that the firm will post 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 research firms that follow EXFO.
EXFO (NASDAQ:EXFO) (TSE:EXF) last released its earnings results on Thursday, June 29th. The communications equipment provider reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.06. EXFO had a return on equity of 3.25% and a net margin of 0.93%. The firm had revenue of $58.50 million during the quarter, compared to analyst estimates of $61.61 million. The business’s revenue was down 3.8% on a year-over-year basis.
Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded EXFO from a “sell” rating to a “hold” rating in a report on Tuesday, May 30th. BMO Capital Markets set a $6.00 target price on EXFO and gave the stock a “hold” rating in a report on Saturday, July 1st. Northland Securities set a $6.00 price objective on EXFO and gave the company a “buy” rating in a report on Saturday, July 1st. Royal Bank Of Canada cut their price objective on EXFO from $5.50 to $5.25 and set a “sector perform” rating on the stock in a report on Friday, June 30th. Finally, TheStreet cut EXFO from a “b” rating to a “c+” rating in a report on Friday, July 7th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $5.63.
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Several hedge funds have recently added to or reduced their stakes in EXFO. TD Asset Management Inc. boosted its position in shares of EXFO by 11.1% in the second quarter. TD Asset Management Inc. now owns 234,700 shares of the communications equipment provider’s stock worth $1,093,000 after buying an additional 23,500 shares during the last quarter. Hillsdale Investment Management Inc. raised its stake in shares of EXFO by 20.7% in the first quarter. Hillsdale Investment Management Inc. now owns 187,000 shares of the communications equipment provider’s stock valued at $980,000 after buying an additional 32,100 shares during the last quarter. White Pine Capital LLC raised its stake in shares of EXFO by 28.4% in the second quarter. White Pine Capital LLC now owns 177,125 shares of the communications equipment provider’s stock valued at $832,000 after buying an additional 39,175 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of 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 valued at $451,000 after buying an additional 79,100 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of EXFO by 11.8% in the first quarter. Renaissance Technologies LLC now owns 1,537,890 shares of the communications equipment provider’s stock valued at $7,997,000 after buying an additional 162,510 shares during the last quarter. Hedge funds and other institutional investors own 16.99% of the company’s stock.
Shares of EXFO (NASDAQ EXFO) opened at 4.00 on Thursday. The stock has a 50 day moving average of $4.18 and a 200 day moving average of $4.86. The firm has a market cap of $218.82 million, a PE ratio of 100.00 and a beta of 0.55. EXFO has a 1-year low of $3.14 and a 1-year 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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