Wall Street analysts expect Mitel Networks Corp (NASDAQ:MITL) (TSE:MNW) to report $0.29 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Mitel Networks’ earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.29. Mitel Networks reported earnings of $0.22 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 31.8%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Thursday, February 22nd.
On average, analysts expect that Mitel Networks will report full year earnings of $0.66 per share for the current financial year, with EPS estimates ranging from $0.64 to $0.67. For the next financial year, analysts anticipate that the company will post earnings of $1.04 per share, with EPS estimates ranging from $1.02 to $1.05. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Mitel Networks.
MITL has been the subject of a number of recent research reports. Zacks Investment Research lowered Mitel Networks from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 9th. BidaskClub lowered Mitel Networks from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 7th. Craig Hallum initiated coverage on Mitel Networks in a research note on Thursday, December 14th. They set a “buy” rating and a $14.00 price objective for the company. TheStreet lowered Mitel Networks from a “b” rating to a “c” rating in a research note on Tuesday, November 14th. Finally, National Bank Financial lifted their price objective on Mitel Networks from $10.00 to $14.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Mitel Networks currently has an average rating of “Hold” and an average target price of $12.17.
Mitel Networks (MITL) opened at $8.75 on Thursday. The firm has a market capitalization of $994.96, a PE ratio of -4.25 and a beta of 2.59. Mitel Networks has a 52 week low of $6.21 and a 52 week high of $9.17. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.77 and a current ratio of 1.00.
About Mitel Networks
Mitel Networks Corporation is a provider of business communications and collaboration software, services and solutions. The Company’s segments include Cloud and Enterprise. The Enterprise segment sells and supports products and services for premise-based customers. The Cloud segment sells and supports products that are deployed in a cloud environment.
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