Viavi Solutions Inc (VIAV) Expected to Announce Earnings of $0.16 Per Share

Analysts predict that Viavi Solutions Inc (NASDAQ:VIAV) will announce $0.16 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for Viavi Solutions’ earnings, with estimates ranging from $0.16 to $0.17. Viavi Solutions posted earnings per share of $0.09 in the same quarter last year, which would indicate a positive year-over-year growth rate of 77.8%. The firm is expected to announce its next earnings report on Thursday, February 7th.

On average, analysts expect that Viavi Solutions will report full year earnings of $0.59 per share for the current fiscal year, with EPS estimates ranging from $0.58 to $0.61. For the next financial year, analysts forecast that the business will report earnings of $0.69 per share, with EPS estimates ranging from $0.65 to $0.76. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Viavi Solutions.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Thursday, November 1st. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. Viavi Solutions had a positive return on equity of 12.72% and a negative net margin of 5.92%. The firm had revenue of $268.50 million during the quarter, compared to analyst estimates of $268.73 million. During the same quarter in the previous year, the firm earned $0.11 EPS. Viavi Solutions’s quarterly revenue was up 40.6% compared to the same quarter last year.

Several equities research analysts recently commented on VIAV shares. Deutsche Bank upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a report on Monday, October 1st. BidaskClub upgraded Viavi Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 4th. Stifel Nicolaus started coverage on Viavi Solutions in a report on Monday, October 22nd. They issued a “buy” rating and a $14.00 price objective for the company. ValuEngine upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Finally, William Blair reiterated a “buy” rating on shares of Viavi Solutions in a report on Wednesday, August 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Viavi Solutions currently has a consensus rating of “Buy” and an average price target of $11.99.

NASDAQ VIAV opened at $11.16 on Friday. Viavi Solutions has a one year low of $8.34 and a one year high of $12.82. The stock has a market capitalization of $2.45 billion, a P/E ratio of 32.82 and a beta of 0.87. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.79.

In other Viavi Solutions news, EVP Paul Mcnab sold 57,668 shares of the business’s stock in a transaction dated Thursday, October 4th. The stock was sold at an average price of $12.56, for a total transaction of $724,310.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Gary W. Staley sold 5,185 shares of the business’s stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $11.22, for a total value of $58,175.70. Following the sale, the senior vice president now owns 7,670 shares of the company’s stock, valued at $86,057.40. The disclosure for this sale can be found here. Insiders sold a total of 117,495 shares of company stock valued at $1,417,459 over the last quarter. 0.50% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the business. Suffolk Capital Management LLC bought a new stake in shares of Viavi Solutions during the 3rd quarter valued at about $874,000. AO Asset Management LP grew its stake in shares of Viavi Solutions by 52.8% during the 3rd quarter. AO Asset Management LP now owns 2,338,614 shares of the communications equipment provider’s stock valued at $26,520,000 after purchasing an additional 808,314 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Viavi Solutions by 118.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 33,057 shares of the communications equipment provider’s stock valued at $375,000 after purchasing an additional 17,912 shares during the period. Eagle Asset Management Inc. grew its stake in shares of Viavi Solutions by 1.9% during the 3rd quarter. Eagle Asset Management Inc. now owns 563,132 shares of the communications equipment provider’s stock valued at $6,385,000 after purchasing an additional 10,763 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Viavi Solutions by 13.1% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 54,123 shares of the communications equipment provider’s stock valued at $614,000 after purchasing an additional 6,251 shares during the period. Institutional investors and hedge funds own 90.59% of the company’s stock.

About Viavi Solutions

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.

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