B. Riley Issues Optimistic Outlook for Lumentum Earnings

Lumentum Holdings Inc. (NASDAQ:LITE) – Analysts at B. Riley raised their Q2 2026 earnings per share (EPS) estimates for shares of Lumentum in a research note issued on Wednesday, November 5th. B. Riley analyst D. Kang now expects that the technology company will post earnings per share of $1.02 for the quarter, up from their previous forecast of $0.73. B. Riley currently has a “Neutral” rating and a $147.00 target price on the stock. The consensus estimate for Lumentum’s current full-year earnings is $0.03 per share. B. Riley also issued estimates for Lumentum’s Q3 2026 earnings at $1.11 EPS, Q4 2026 earnings at $1.18 EPS and FY2026 earnings at $3.92 EPS.

A number of other research firms have also recently commented on LITE. UBS Group lifted their price target on shares of Lumentum from $78.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. KGI Securities assumed coverage on Lumentum in a research report on Monday, August 18th. They set an “outperform” rating for the company. Bank of America upgraded Lumentum from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $78.00 to $135.00 in a report on Wednesday, August 13th. JPMorgan Chase & Co. boosted their price objective on Lumentum from $145.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Finally, Wall Street Zen downgraded Lumentum from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $190.67.

Lumentum Trading Up 8.2%

LITE stock opened at $259.89 on Monday. Lumentum has a twelve month low of $45.65 and a twelve month high of $273.89. The stock has a market capitalization of $18.43 billion, a price-to-earnings ratio of 174.42 and a beta of 1.48. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 2.77. The firm’s fifty day simple moving average is $172.34 and its two-hundred day simple moving average is $120.70.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.07. The company had revenue of $533.80 million for the quarter, compared to analyst estimates of $525.10 million. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.Lumentum’s quarterly revenue was up 58.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.18 EPS. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS.

Insider Buying and Selling at Lumentum

In other Lumentum news, insider Yuen Wupen sold 3,281 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $124.86, for a total value of $409,665.66. Following the completion of the sale, the insider directly owned 101,273 shares in the company, valued at approximately $12,644,946.78. This represents a 3.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Wajid Ali sold 2,526 shares of the firm’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $124.39, for a total value of $314,209.14. Following the transaction, the chief financial officer owned 77,087 shares in the company, valued at approximately $9,588,851.93. This represents a 3.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 22,430 shares of company stock worth $3,195,001 over the last quarter. Insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Lumentum

Large investors have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. bought a new position in shares of Lumentum during the first quarter valued at approximately $260,000. Teacher Retirement System of Texas bought a new stake in Lumentum during the 1st quarter valued at $626,000. Principal Financial Group Inc. boosted its position in Lumentum by 1.1% during the 1st quarter. Principal Financial Group Inc. now owns 159,154 shares of the technology company’s stock valued at $9,922,000 after acquiring an additional 1,660 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Lumentum by 27.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 12,837 shares of the technology company’s stock valued at $800,000 after acquiring an additional 2,729 shares during the period. Finally, State of Michigan Retirement System raised its position in shares of Lumentum by 1.8% in the 1st quarter. State of Michigan Retirement System now owns 16,528 shares of the technology company’s stock worth $1,030,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

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.