Exfo Inc (EXFO) Expected to Announce Quarterly Sales of $73.57 Million

Analysts expect Exfo Inc (NASDAQ:EXFO) (TSE:EXF) to announce $73.57 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Exfo’s earnings, with the highest sales estimate coming in at $75.00 million and the lowest estimate coming in at $71.90 million. Exfo reported sales of $72.22 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.9%. The firm is expected to report its next quarterly earnings report on Tuesday, July 9th.

According to Zacks, analysts expect that Exfo will report full-year sales of $291.30 million for the current financial year, with estimates ranging from $286.30 million to $294.00 million. For the next financial year, analysts expect that the firm will report sales of $307.37 million, with estimates ranging from $298.40 million to $315.00 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Exfo.

Exfo (NASDAQ:EXFO) (TSE:EXF) last released its quarterly earnings results on Tuesday, April 2nd. The communications equipment provider reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Exfo had a negative net margin of 4.29% and a positive return on equity of 1.71%. The firm had revenue of $73.93 million for the quarter, compared to the consensus estimate of $73.90 million.

EXFO has been the subject of several research reports. Zacks Investment Research raised shares of Exfo from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 12th. ValuEngine upgraded shares of Exfo from a “hold” rating to a “buy” rating in a report on Friday, March 1st. Northland Securities set a $6.00 target price on shares of Exfo and gave the stock a “buy” rating in a report on Thursday, December 20th. Finally, TD Securities dropped their target price on shares of Exfo from $4.50 to $4.00 and set a “hold” rating on the stock in a research report on Wednesday, January 9th. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $4.42.

An institutional investor recently raised its position in Exfo stock. CLARET ASSET MANAGEMENT Corp raised its holdings in shares of Exfo Inc (NASDAQ:EXFO) (TSE:EXF) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 94,531 shares of the communications equipment provider’s stock after purchasing an additional 3,521 shares during the period. CLARET ASSET MANAGEMENT Corp owned 0.17% of Exfo worth $272,000 as of its most recent filing with the Securities and Exchange Commission. 9.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of EXFO stock opened at $4.24 on Friday. The firm has a market cap of $232.82 million, a price-to-earnings ratio of 47.11 and a beta of 1.11. The company has a quick ratio of 0.97, a current ratio of 1.42 and a debt-to-equity ratio of 0.03. Exfo has a 1-year low of $2.66 and a 1-year high of $4.45.

Exfo Company Profile

EXFO Inc develops, manufactures, and markets smarter network test, monitoring, and analytics solutions for communications service providers, network equipment manufacturers, and Web-scale operators. It offers field network testing products, such as copper/DSL testing, dispersion analysis, fiber inspection, live fiber detection, network protocol testing, optical power and loss testing, ORL tester, optical time domain reflectometry and iOLM, spectral testing, test function virtualization, and test reporting and automation products, as well as modular test platforms.

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