Exfo Inc (EXFO) Expected to Announce Earnings of $0.05 Per Share

Equities analysts expect Exfo Inc (NASDAQ:EXFO) (TSE:EXF) to report $0.05 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Exfo’s earnings, with the lowest EPS estimate coming in at $0.04 and the highest estimate coming in at $0.05. Exfo reported earnings of $0.02 per share during the same quarter last year, which would indicate a positive year over year growth rate of 150%. The business is expected to issue its next earnings report on Wednesday, April 4th.

On average, analysts expect that Exfo will report full year earnings of $0.24 per share for the current fiscal year, with EPS estimates ranging from $0.23 to $0.25. For the next year, analysts expect that the firm will post earnings of $0.34 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Exfo.

Exfo (NASDAQ:EXFO) (TSE:EXF) last issued its quarterly earnings data on Tuesday, January 9th. The communications equipment provider reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Exfo had a return on equity of 5.22% and a net margin of 0.09%. The company had revenue of $63.39 million during the quarter, compared to analyst estimates of $62.80 million.

Several analysts recently commented on EXFO shares. National Bank Financial cut their price objective on Exfo from $5.50 to $4.75 and set a “sector perform” rating for the company in a report on Thursday, October 26th. Zacks Investment Research raised Exfo from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. TheStreet raised Exfo from a “c” rating to a “b-” rating in a report on Thursday, November 16th. Finally, BidaskClub raised Exfo from a “strong sell” rating to a “sell” rating in a report on Monday, February 5th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $5.35.

Shares of Exfo (NASDAQ EXFO) remained flat at $$4.50 on Friday. The company’s stock had a trading volume of 15,777 shares, compared to its average volume of 67,173. The company has a quick ratio of 1.39, a current ratio of 2.11 and a debt-to-equity ratio of 0.01. Exfo has a 1 year low of $3.72 and a 1 year high of $6.15. The company has a market cap of $244.43, a P/E ratio of 23.42 and a beta of 0.51.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXFO. JPMorgan Chase & Co. lifted its position in Exfo by 107.7% during the third quarter. JPMorgan Chase & Co. now owns 28,553 shares of the communications equipment provider’s stock valued at $107,000 after purchasing an additional 14,803 shares in the last quarter. White Pine Capital LLC lifted its position in Exfo by 30.2% during the fourth quarter. White Pine Capital LLC now owns 256,465 shares of the communications equipment provider’s stock valued at $1,116,000 after purchasing an additional 59,475 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new position in Exfo during the fourth quarter valued at $4,009,000. Institutional investors own 15.95% of the company’s stock.

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About Exfo

EXFO Inc is a Canada-based company, which provides communications service providers (CSPs) and data center, cloud and Web-scale operators with field test, service assurance and analytics solutions to ensure the deployment, maintenance and management of physical, virtual, fixed and mobile networks. It focuses on network infrastructures: fourth generation (4G)/long-term evolution (LTE), wireless backhaul, small cells and distributed antenna systems (DAS), 100G network upgrades and fiber-to-the-home (FTTH)/fiber-to-the-curb (FTTC)/fiber-to-the-node (FTTN) deployments.

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