Brokerages Anticipate EXFO Inc (EXFO) Will Post Earnings of $0.06 Per Share
Wall Street brokerages predict that EXFO Inc (NASDAQ:EXFO) (TSE:EXF) will report earnings of $0.06 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for EXFO’s earnings. EXFO posted earnings of $0.04 per share in the same quarter last year, which suggests a positive year over year growth rate of 50%. The firm is expected to report its next quarterly earnings report after the market closes on Wednesday, October 11th.
According to Zacks, analysts expect that EXFO will report full year earnings of $0.16 per share for the current financial year, with EPS estimates ranging from $0.14 to $0.18. For the next fiscal year, analysts expect that the business will report earnings of $0.24 per share, with EPS estimates ranging from $0.21 to $0.26. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for EXFO.
EXFO (NASDAQ:EXFO) (TSE:EXF) last issued its quarterly earnings data on Thursday, June 29th. The communications equipment provider reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.06). The business had revenue of $58.50 million during the quarter, compared to analyst estimates of $61.61 million. EXFO had a net margin of 0.93% and a return on equity of 3.25%. EXFO’s revenue for the quarter was down 3.8% on a year-over-year basis.
A number of equities analysts recently weighed in on EXFO shares. Zacks Investment Research raised EXFO from a “sell” rating to a “hold” rating in a research note on Tuesday, May 30th. Royal Bank Of Canada dropped their price target on EXFO from $5.50 to $5.25 and set a “sector perform” rating on the stock in a research note on Friday, June 30th. Northland Securities set a $6.00 price target on EXFO and gave the stock a “buy” rating in a research note on Saturday, July 1st. BMO Capital Markets set a $6.00 price target on EXFO and gave the stock a “hold” rating in a research note on Saturday, July 1st. Finally, TheStreet cut EXFO from a “b” rating to a “c+” rating in a research note on Friday, July 7th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. EXFO currently has a consensus rating of “Hold” and an average target price of $5.63.
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Shares of EXFO (NASDAQ:EXFO) traded up 1.22% during midday trading on Friday, reaching $4.15. 3,120 shares of the company were exchanged. The company has a market capitalization of $227.02 million, a PE ratio of 103.75 and a beta of 0.52. EXFO has a 52-week low of $3.46 and a 52-week high of $6.15. The firm’s 50 day moving average is $4.09 and its 200-day moving average is $4.73.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. TD Asset Management Inc. grew its stake in shares of EXFO by 11.1% in the 2nd quarter. TD Asset Management Inc. now owns 234,700 shares of the communications equipment provider’s stock valued at $1,093,000 after buying an additional 23,500 shares in the last quarter. White Pine Capital LLC grew its stake in shares of EXFO by 28.4% in the 2nd 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 in the last quarter. Acadian Asset Management LLC grew its stake in shares of EXFO by 1,114.1% in the 1st 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 in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of EXFO by 11.8% in the 1st 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 in the last quarter. 16.99% of the stock is owned by institutional investors and hedge funds.
EXFO Company Profile
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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