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.
WARNING: This story was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another website, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The original version of this story can be accessed at https://www.dispatchtribunal.com/2018/02/14/exfo-inc-exfo-expected-to-announce-earnings-of-0-05-per-share.html.
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.
Get a free copy of the Zacks research report on Exfo (EXFO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Exfo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exfo and related companies with MarketBeat.com's FREE daily email newsletter.