Analysts forecast that Exfo Inc (NASDAQ:EXFO) (TSE:EXF) will announce $0.05 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Exfo’s earnings. Exfo posted earnings per share of $0.06 in the same quarter last year, which would indicate a negative year-over-year growth rate of 16.7%. The firm is expected to announce its next earnings results after the market closes on Tuesday, January 9th.

According to Zacks, 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 fiscal year, analysts anticipate that the business will report earnings of $0.35 per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Exfo.

Several research firms recently weighed in on EXFO. BMO Capital Markets set a $6.00 price target on Exfo and gave the company a “hold” rating in a research report on Friday, October 13th. Canaccord Genuity reaffirmed a “hold” rating and issued a $4.75 target price on shares of Exfo in a research report on Sunday, October 15th. TheStreet raised Exfo from a “c” rating to a “b-” rating in a research report on Thursday, November 16th. National Bank Financial dropped their target price on Exfo from $5.50 to $4.75 and set a “sector perform” rating on the stock in a research report on Thursday, October 26th. Finally, Northland Securities set a $6.00 target price on Exfo and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $5.35.

A hedge fund recently raised its stake in Exfo stock. JPMorgan Chase & Co. grew its position in Exfo Inc (NASDAQ:EXFO) (TSE:EXF) by 107.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,553 shares of the communications equipment provider’s stock after acquiring an additional 14,803 shares during the quarter. JPMorgan Chase & Co. owned 0.05% of Exfo worth $107,000 as of its most recent SEC filing. Institutional investors and hedge funds own 16.11% of the company’s stock.

Exfo (NASDAQ:EXFO) opened at $4.34 on Friday. The firm has a market capitalization of $233.18, a price-to-earnings ratio of 217.11 and a beta of 0.49. Exfo has a 52-week low of $3.72 and a 52-week high of $6.15.

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About Exfo

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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