Equities research analysts predict that Finisar Corporation (NASDAQ:FNSR) will post $0.31 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Finisar’s earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.32. Finisar reported earnings of $0.58 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 46.6%. The business is scheduled to announce its next quarterly earnings report after the market closes on Thursday, December 7th.

According to Zacks, analysts expect that Finisar will report full-year earnings of $1.45 per share for the current fiscal year, with EPS estimates ranging from $1.37 to $1.53. For the next financial year, analysts anticipate that the business will post earnings of $1.86 per share, with EPS estimates ranging from $1.62 to $2.10. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Finisar.

Finisar (NASDAQ:FNSR) last issued its quarterly earnings data on Thursday, September 7th. The technology company reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. The business had revenue of $341.80 million during the quarter, compared to analyst estimates of $341.22 million. Finisar had a return on equity of 13.11% and a net margin of 16.92%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.38 EPS.

A number of equities research analysts have weighed in on the company. B. Riley restated a “buy” rating and issued a $30.75 target price on shares of Finisar in a research report on Tuesday, September 12th. Stifel Nicolaus cut their target price on Finisar from $27.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday. Zacks Investment Research upgraded Finisar from a “strong sell” rating to a “hold” rating in a research report on Friday, December 1st. DA Davidson restated a “buy” rating and issued a $30.00 target price on shares of Finisar in a research report on Wednesday, November 29th. Finally, William Blair restated an “outperform” rating on shares of Finisar in a research report on Thursday, September 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Finisar currently has an average rating of “Buy” and a consensus price target of $30.28.

Finisar (NASDAQ:FNSR) traded down $0.28 on Wednesday, reaching $17.83. The company’s stock had a trading volume of 2,864,900 shares, compared to its average volume of 3,383,995. The firm has a market capitalization of $2,062.50, a P/E ratio of 10.84, a price-to-earnings-growth ratio of 1.27 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a current ratio of 7.66 and a quick ratio of 6.24. Finisar has a 12-month low of $17.79 and a 12-month high of $36.85.

In other news, Director Roger C. Ferguson sold 2,726 shares of the stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $21.46, for a total value of $58,499.96. Following the completion of the sale, the director now owns 44,034 shares in the company, valued at $944,969.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Jerry S. Rawls sold 20,000 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $22.89, for a total value of $457,800.00. The disclosure for this sale can be found here. 1.02% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas lifted its holdings in shares of Finisar by 1.6% in the second quarter. Teacher Retirement System of Texas now owns 8,890 shares of the technology company’s stock valued at $231,000 after purchasing an additional 136 shares in the last quarter. Virginia Retirement Systems ET AL lifted its holdings in shares of Finisar by 0.3% in the second quarter. Virginia Retirement Systems ET AL now owns 91,600 shares of the technology company’s stock valued at $2,380,000 after purchasing an additional 300 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Finisar by 2.9% in the second quarter. Amalgamated Bank now owns 13,912 shares of the technology company’s stock valued at $361,000 after purchasing an additional 396 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Finisar by 5.5% in the second quarter. Ameritas Investment Partners Inc. now owns 9,795 shares of the technology company’s stock valued at $254,000 after purchasing an additional 507 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of Finisar by 1.1% in the second quarter. UBS Asset Management Americas Inc. now owns 61,782 shares of the technology company’s stock valued at $1,605,000 after purchasing an additional 684 shares in the last quarter. Institutional investors own 91.45% of the company’s stock.

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About Finisar

Finisar Corporation (Finisar) is a provider of optical subsystems and components that are used in data communication and telecommunication applications. The Company’s optical subsystems consist of transmitters, receivers, transceivers, transponders and active optical cables, which provide the fundamental optical-electrical or optoelectronic interface for interconnecting the electronic equipment used in these networks, including the switches, routers, and servers used in wireline networks.

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Earnings History and Estimates for Finisar (NASDAQ:FNSR)

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