Q1 Earnings Estimate for Lumentum Issued By Northland Capmk

Lumentum Holdings Inc. (NASDAQ:LITE) – Investment analysts at Northland Capmk lifted their Q1 2026 earnings estimates for shares of Lumentum in a research report issued on Thursday, June 5th. Northland Capmk analyst T. Savageaux now forecasts that the technology company will post earnings per share of $0.29 for the quarter, up from their previous forecast of $0.21. Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for Lumentum’s current full-year earnings is $0.03 per share. Northland Capmk also issued estimates for Lumentum’s Q2 2026 earnings at $0.35 EPS, Q3 2026 earnings at $0.45 EPS and Q4 2026 earnings at $0.54 EPS.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.07. Lumentum had a negative net margin of 36.98% and a negative return on equity of 7.25%. The company had revenue of $425.20 million for the quarter, compared to the consensus estimate of $418.18 million. During the same quarter in the previous year, the firm posted $0.09 EPS. The business’s revenue was up 16.0% compared to the same quarter last year.

Several other analysts have also weighed in on the stock. B. Riley lifted their target price on shares of Lumentum from $65.00 to $73.00 and gave the company a “neutral” rating in a research report on Wednesday, June 4th. Needham & Company LLC decreased their target price on shares of Lumentum from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. UBS Group decreased their target price on shares of Lumentum from $96.00 to $78.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Raymond James lifted their target price on shares of Lumentum from $80.00 to $90.00 and gave the company a “strong-buy” rating in a research report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Lumentum from $105.00 to $73.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $82.80.

Lumentum Stock Performance

NASDAQ:LITE opened at $81.96 on Monday. The firm’s 50-day moving average is $65.91 and its 200-day moving average is $74.96. Lumentum has a 52-week low of $38.29 and a 52-week high of $104.00. The company has a debt-to-equity ratio of 2.94, a quick ratio of 3.60 and a current ratio of 4.76. The company has a market cap of $5.69 billion, a price-to-earnings ratio of -10.66 and a beta of 1.28.

Insider Transactions at Lumentum

In other news, insider Yuen Wupen sold 4,426 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $71.80, for a total transaction of $317,786.80. Following the transaction, the insider now directly owns 92,099 shares in the company, valued at approximately $6,612,708.20. This represents a 4.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Wajid Ali sold 2,222 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $83.58, for a total transaction of $185,714.76. Following the transaction, the chief financial officer now owns 47,460 shares in the company, valued at $3,966,706.80. The trade was a 4.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,520 shares of company stock worth $2,103,278. Corporate insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Lumentum

A number of large investors have recently modified their holdings of the stock. J.Safra Asset Management Corp lifted its holdings in Lumentum by 31.1% in the fourth quarter. J.Safra Asset Management Corp now owns 514 shares of the technology company’s stock valued at $43,000 after buying an additional 122 shares during the period. Jones Financial Companies Lllp raised its position in shares of Lumentum by 54.2% during the 4th quarter. Jones Financial Companies Lllp now owns 370 shares of the technology company’s stock valued at $31,000 after acquiring an additional 130 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Lumentum by 27.2% during the 4th quarter. Quadrant Capital Group LLC now owns 766 shares of the technology company’s stock valued at $64,000 after acquiring an additional 164 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Lumentum by 1.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 14,130 shares of the technology company’s stock valued at $881,000 after acquiring an additional 176 shares during the last quarter. Finally, Manchester Capital Management LLC raised its position in shares of Lumentum by 22.6% during the 4th quarter. Manchester Capital Management LLC now owns 1,029 shares of the technology company’s stock valued at $86,000 after acquiring an additional 190 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Lumentum Company Profile

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.