Wall Street brokerages expect EXFO Inc (NASDAQ:EXFO) (TSE:EXF) to report earnings per share (EPS) of $0.05 for the current quarter, according to Zacks. Two analysts have issued estimates for EXFO’s earnings. EXFO reported earnings per share of $0.06 during the same quarter last year, which suggests a negative year-over-year growth rate of 16.7%. The company is expected to announce its next earnings report on Tuesday, January 9th.
On average, analysts expect that EXFO will report full year earnings of $0.24 per share for the current fiscal year, with EPS estimates ranging from $0.21 to $0.25. For the next financial year, analysts expect that the company will post earnings of $0.35 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for EXFO.
A number of research analysts have recently commented on the stock. TheStreet raised shares of EXFO from a “c” rating to a “b-” rating in a research note on Thursday, November 16th. Zacks Investment Research raised shares of EXFO from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. National Bank Financial dropped their target price on shares of EXFO from $5.50 to $4.75 and set a “sector perform” rating for the company in a research report on Thursday, October 26th. Royal Bank Of Canada reissued a “hold” rating and set a $5.25 target price on shares of EXFO in a research report on Monday, October 16th. Finally, Canaccord Genuity reissued a “hold” rating and set a $4.75 target price on shares of EXFO in a research report on Sunday, October 15th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $5.35.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in EXFO by 107.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,553 shares of the communications equipment provider’s stock worth $107,000 after purchasing an additional 14,803 shares in the last quarter. TD Asset Management Inc. increased its position in EXFO by 11.1% during the 2nd quarter. TD Asset Management Inc. now owns 234,700 shares of the communications equipment provider’s stock worth $1,093,000 after purchasing an additional 23,500 shares in the last quarter. Finally, White Pine Capital LLC increased its position in EXFO by 28.4% during the 2nd quarter. White Pine Capital LLC now owns 177,125 shares of the communications equipment provider’s stock worth $832,000 after purchasing an additional 39,175 shares in the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.
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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