$0.13 Earnings Per Share Expected for Viavi Solutions Inc (VIAV) This Quarter

Analysts forecast that Viavi Solutions Inc (NASDAQ:VIAV) will report earnings of $0.13 per share for the current quarter, Zacks reports. Five analysts have made estimates for Viavi Solutions’ earnings. The lowest EPS estimate is $0.12 and the highest is $0.14. Viavi Solutions also reported earnings per share of $0.13 in the same quarter last year. The firm is scheduled to announce its next earnings report after the market closes on Thursday, May 2nd.

On average, analysts expect that Viavi Solutions will report full-year earnings of $0.65 per share for the current fiscal year, with EPS estimates ranging from $0.64 to $0.66. For the next financial year, analysts forecast that the firm will post earnings of $0.71 per share, with EPS estimates ranging from $0.65 to $0.75. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Viavi Solutions.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Tuesday, February 5th. The communications equipment provider reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.06. Viavi Solutions had a positive return on equity of 15.82% and a negative net margin of 3.76%. The firm had revenue of $298.40 million during the quarter, compared to analyst estimates of $280.93 million. During the same period last year, the company posted $0.09 EPS. The business’s quarterly revenue was up 47.9% on a year-over-year basis.

VIAV has been the subject of a number of research analyst reports. BidaskClub lowered Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 5th. ValuEngine raised Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. TheStreet raised Viavi Solutions from a “c” rating to a “b-” rating in a research report on Wednesday, February 6th. Zacks Investment Research raised Viavi Solutions from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Saturday, February 9th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $15.00 target price on shares of Viavi Solutions in a research report on Sunday, February 10th. One investment analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company. Viavi Solutions presently has a consensus rating of “Buy” and a consensus target price of $12.88.

VIAV stock opened at $12.69 on Friday. Viavi Solutions has a 1-year low of $9.11 and a 1-year high of $13.48. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.99 and a quick ratio of 2.70. The stock has a market capitalization of $2.89 billion, a PE ratio of 37.32 and a beta of 0.88.

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 4,810 shares of Viavi Solutions stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $13.29, for a total transaction of $63,924.90. Following the completion of the transaction, the senior vice president now owns 45,456 shares in the company, valued at approximately $604,110.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 6,915 shares of company stock valued at $91,685 in the last quarter. Company insiders own 0.50% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in VIAV. Meeder Asset Management Inc. bought a new stake in shares of Viavi Solutions in the 4th quarter worth approximately $31,000. Pearl River Capital LLC purchased a new stake in shares of Viavi Solutions during the fourth quarter worth about $45,000. First Quadrant L P CA purchased a new stake in shares of Viavi Solutions during the fourth quarter worth about $76,000. Oregon Public Employees Retirement Fund purchased a new stake in shares of Viavi Solutions during the fourth quarter worth about $87,000. Finally, LS Investment Advisors LLC boosted its holdings in shares of Viavi Solutions by 63.5% during the fourth quarter. LS Investment Advisors LLC now owns 10,817 shares of the communications equipment provider’s stock worth $109,000 after purchasing an additional 4,202 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Viavi Solutions Company Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.

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Earnings History and Estimates for Viavi Solutions (NASDAQ:VIAV)

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