Zacks: Analysts Expect EXFO Inc. (NASDAQ:EXFO) Will Announce Earnings of $0.09 Per Share


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Equities research analysts expect EXFO Inc. (NASDAQ:EXFO) (TSE:EXF) to post $0.09 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for EXFO’s earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.05. EXFO posted earnings of ($0.12) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 175%. The business is scheduled to report its next earnings report on Tuesday, April 6th.

On average, analysts expect that EXFO will report full-year earnings of $0.29 per share for the current fiscal year, with EPS estimates ranging from $0.28 to $0.29. For the next year, analysts expect that the company will post earnings of $0.38 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover EXFO.

EXFO (NASDAQ:EXFO) (TSE:EXF) last announced its quarterly earnings data on Monday, January 11th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. EXFO had a negative return on equity of 1.55% and a negative net margin of 2.25%. The firm had revenue of $71.51 million during the quarter, compared to the consensus estimate of $69.25 million.

Several analysts have commented on the stock. TD Securities lifted their price objective on shares of EXFO from $3.50 to $4.00 and gave the stock a “hold” rating in a research report on Wednesday, January 13th. BMO Capital Markets upped their price objective on EXFO from $3.75 to $4.00 and gave the company a “market perform” rating in a research note on Wednesday, January 13th. Zacks Investment Research raised EXFO from a “sell” rating to a “hold” rating and set a $4.25 target price for the company in a research report on Wednesday, January 13th. Finally, TheStreet upgraded EXFO from a “d+” rating to a “c-” rating in a research note on Tuesday, January 12th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $3.89.

A number of institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in shares of EXFO by 7.4% during the fourth quarter. JPMorgan Chase & Co. now owns 36,153 shares of the communications equipment provider’s stock worth $123,000 after acquiring an additional 2,501 shares in the last quarter. Wells Fargo & Company MN bought a new stake in shares of EXFO during the 4th quarter valued at $34,000. Renaissance Technologies LLC lifted its holdings in EXFO by 2.1% during the 4th quarter. Renaissance Technologies LLC now owns 1,028,373 shares of the communications equipment provider’s stock worth $3,507,000 after purchasing an additional 21,000 shares in the last quarter. Brandes Investment Partners LP bought a new position in EXFO in the 4th quarter worth about $613,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in EXFO by 686.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 558,831 shares of the communications equipment provider’s stock valued at $1,821,000 after buying an additional 487,731 shares in the last quarter. Institutional investors and hedge funds own 10.87% of the company’s stock.

Shares of NASDAQ:EXFO opened at $4.59 on Tuesday. The company has a market capitalization of $263.13 million, a P/E ratio of -41.73 and a beta of 1.37. The company’s 50-day moving average is $3.79 and its 200 day moving average is $3.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.44. EXFO has a fifty-two week low of $2.00 and a fifty-two week high of $4.69.

About EXFO

EXFO Inc provides test, monitoring, and analytics solutions for fixed and mobile network operators, web-scale companies, and optical component and network equipment manufacturers in the communications industry. It offers field network testing products, such as copper/DSL testing, dispersion analysis, fiber inspection, light sources, live fiber detection, network protocol testing, optical fiber multimeter, optical loss testing, OTDR and iOLM, power meters, spectral testing, test function virtualization, test reporting and automation, and variable attenuators products, as well as modular test platforms.

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