Wall Street brokerages expect Exfo Inc (NASDAQ:EXFO) (TSE:EXF) to post earnings of $0.08 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Exfo’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.09. Exfo reported earnings of $0.12 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 33.3%. The firm is scheduled to report its next earnings results after the market closes on Thursday, October 11th.
According to Zacks, analysts expect that Exfo will report full year earnings of $0.17 per share for the current year. For the next financial year, analysts anticipate that the business will report earnings of $0.31 per share, with EPS estimates ranging from $0.30 to $0.32. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Exfo.
Exfo (NASDAQ:EXFO) (TSE:EXF) last released its quarterly earnings data on Tuesday, July 10th. The communications equipment provider reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.05. The firm had revenue of $72.22 million during the quarter, compared to the consensus estimate of $70.38 million. Exfo had a negative net margin of 2.70% and a positive return on equity of 4.65%.
A number of equities research analysts have issued reports on EXFO shares. Zacks Investment Research cut Exfo from a “buy” rating to a “hold” rating in a research note on Tuesday, September 11th. BMO Capital Markets reiterated a “hold” rating and issued a $4.25 target price on shares of Exfo in a research note on Thursday, July 12th. Finally, TheStreet cut Exfo from a “b-” rating to a “c+” rating in a research note on Tuesday, June 19th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $4.79.
Exfo stock traded up $0.05 during mid-day trading on Thursday, reaching $4.00. The company’s stock had a trading volume of 17,600 shares, compared to its average volume of 44,545. The company has a market cap of $212.19 million, a PE ratio of 18.57 and a beta of 0.60. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.42 and a quick ratio of 0.99. Exfo has a twelve month low of $3.16 and a twelve month high of $4.70.
A hedge fund recently bought a new stake in Exfo stock. Spark Investment Management LLC bought a new stake in Exfo Inc (NASDAQ:EXFO) (TSE:EXF) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 38,000 shares of the communications equipment provider’s stock, valued at approximately $159,000. Spark Investment Management LLC owned about 0.07% of Exfo as of its most recent filing with the Securities & Exchange Commission. 11.21% of the stock is owned by institutional investors.
EXFO Inc develops, manufactures, and markets smarter network test, monitoring, and analytics solutions for communications service providers, network equipment manufacturers, and Webscale companies. It offers lab and manufacturing testing systems, including lab platforms; network simulation and load testing tools to meet the mobile telecom and VOIP/IMS network test challenges; transport and datacom solutions, such as Ethernet testing, fiber channel testing, DSn/PDH and SONET/SDH testing, synchronization testing, and SONET/SDH, OTN, and multiservice testing solutions; and optical products comprising power meters, light sources and amplifiers, variable attenuators, switch and utility modules, polarization analysis, optical communication analyzers, spectral testing products, bit-error-rate testing products, optical benchtop kits, osics multifunction platform, optical component testers, and tunable filters.
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