Equities analysts predict that Avaya Holdings Corp (NYSE:AVYA) will announce $0.64 earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for Avaya’s earnings, with estimates ranging from $0.61 to $0.67. Avaya posted earnings of $0.41 per share in the same quarter last year, which suggests a positive year over year growth rate of 56.1%. The company is scheduled to issue its next quarterly earnings results on Thursday, August 8th.
On average, analysts expect that Avaya will report full year earnings of $3.16 per share for the current year, with EPS estimates ranging from $3.06 to $3.26. For the next financial year, analysts anticipate that the business will post earnings of $2.78 per share, with EPS estimates ranging from $2.67 to $2.88. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Avaya.
Avaya (NYSE:AVYA) last issued its earnings results on Thursday, May 9th. The company reported $0.72 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.72. Avaya had a net margin of 6.12% and a return on equity of 15.77%. The business had revenue of $714.00 million for the quarter, compared to the consensus estimate of $748.47 million. The business’s quarterly revenue was down 5.7% on a year-over-year basis.
A number of institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in Avaya by 2.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,816,231 shares of the company’s stock worth $217,330,000 after buying an additional 225,882 shares during the period. Vanguard Group Inc. increased its stake in Avaya by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 9,335,685 shares of the company’s stock worth $206,693,000 after buying an additional 184,744 shares during the period. BlackRock Inc. increased its stake in Avaya by 2.9% during the 4th quarter. BlackRock Inc. now owns 7,469,484 shares of the company’s stock worth $108,756,000 after buying an additional 210,064 shares during the period. Benefit Street Partners LLC increased its stake in Avaya by 9.1% during the 4th quarter. Benefit Street Partners LLC now owns 3,283,372 shares of the company’s stock worth $47,806,000 after buying an additional 273,218 shares during the period. Finally, Lancaster Investment Management LLP increased its stake in Avaya by 14.8% during the 1st quarter. Lancaster Investment Management LLP now owns 2,476,065 shares of the company’s stock worth $41,672,000 after buying an additional 320,139 shares during the period. 98.15% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AVYA stock opened at $13.36 on Friday. Avaya has a 52 week low of $12.89 and a 52 week high of $23.40. The company has a current ratio of 1.37, a quick ratio of 1.31 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $1.54 billion, a PE ratio of 4.93 and a beta of 1.52.
Avaya Holdings Corp., through its subsidiaries, provides digital communications products, solutions, and services for businesses worldwide. The company operates through two segments, Products & Solutions, and Services. The Products & Solutions segment offers unified communications and contact center platforms, applications, and devices.
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