Analysts Anticipate DASAN Zhone Solutions Inc (NASDAQ:DZSI) Will Post Earnings of $0.07 Per Share

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Analysts predict that DASAN Zhone Solutions Inc (NASDAQ:DZSI) will announce earnings of $0.07 per share for the current quarter, according to Zacks. Two analysts have made estimates for DASAN Zhone Solutions’ earnings, with estimates ranging from $0.05 to $0.09. DASAN Zhone Solutions reported earnings of $0.08 per share during the same quarter last year, which would indicate a negative year over year growth rate of 12.5%. The business is scheduled to report its next earnings results on Thursday, August 8th.

On average, analysts expect that DASAN Zhone Solutions will report full-year earnings of $0.57 per share for the current fiscal year, with EPS estimates ranging from $0.47 to $0.67. For the next financial year, analysts expect that the business will post earnings of $0.58 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover DASAN Zhone Solutions.

DASAN Zhone Solutions (NASDAQ:DZSI) last announced its earnings results on Thursday, May 9th. The communications equipment provider reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.25. DASAN Zhone Solutions had a net margin of 0.10% and a return on equity of 5.25%. The firm had revenue of $74.09 million during the quarter, compared to the consensus estimate of $73.00 million.

A number of research firms have recently commented on DZSI. B. Riley began coverage on shares of DASAN Zhone Solutions in a research note on Monday, May 20th. They set a “buy” rating and a $19.50 price objective for the company. ValuEngine raised shares of DASAN Zhone Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Finally, Northland Securities reaffirmed a “buy” rating and set a $20.00 price objective on shares of DASAN Zhone Solutions in a research note on Friday, March 1st.

Shares of NASDAQ DZSI traded down $0.35 on Wednesday, reaching $12.79. 61,300 shares of the company traded hands, compared to its average volume of 44,896. DASAN Zhone Solutions has a fifty-two week low of $9.10 and a fifty-two week high of $15.59. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.99 and a quick ratio of 1.53. The company has a market cap of $218.22 million, a P/E ratio of 63.95 and a beta of 0.44.

In related news, CFO Mikhail Golomb acquired 10,256 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was bought at an average price of $9.75 per share, with a total value of $99,996.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 66.10% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of DZSI. O Shaughnessy Asset Management LLC acquired a new stake in DASAN Zhone Solutions during the 4th quarter worth approximately $85,000. Charles Schwab Investment Management Inc. increased its position in DASAN Zhone Solutions by 40.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 15,470 shares of the communications equipment provider’s stock worth $166,000 after purchasing an additional 4,470 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in DASAN Zhone Solutions during the 1st quarter worth approximately $240,000. Bank of New York Mellon Corp increased its position in DASAN Zhone Solutions by 17.4% during the 4th quarter. Bank of New York Mellon Corp now owns 22,356 shares of the communications equipment provider’s stock worth $311,000 after purchasing an additional 3,320 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in DASAN Zhone Solutions by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 46,542 shares of the communications equipment provider’s stock worth $647,000 after acquiring an additional 2,744 shares during the period. 16.02% of the stock is owned by hedge funds and other institutional investors.

About DASAN Zhone Solutions

DASAN Zhone Solutions, Inc provides network access solutions and communications platforms for service provider and enterprise networks worldwide. It offers broadband access products, including customer premise equipment, such as digital subscriber line (DSL) modems; Ethernet access demarcation devices; and gigabit passive optical network (GPON) and 10G point-to-point active Ethernet optical network terminals.

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Earnings History and Estimates for DASAN Zhone Solutions (NASDAQ:DZSI)

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