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

Equities research analysts forecast that Exfo Inc (NASDAQ:EXFO) (TSE:EXF) will announce $0.05 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Exfo’s earnings, with estimates ranging from $0.04 to $0.05. Exfo also reported earnings of $0.05 per share during the same quarter last year. The company is expected to report its next earnings results on Thursday, October 10th.

According to Zacks, analysts expect that Exfo will report full-year earnings of $0.17 per share for the current year, with EPS estimates ranging from $0.16 to $0.17. For the next year, analysts anticipate that the firm will report earnings of $0.28 per share. Zacks’ EPS averages are an average based on a survey of analysts that follow Exfo.

Exfo (NASDAQ:EXFO) (TSE:EXF) last posted its earnings results on Wednesday, July 10th. The communications equipment provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $73.59 million for the quarter, compared to analysts’ expectations of $74.40 million. Exfo had a negative net margin of 2.17% and a positive return on equity of 3.65%.

A number of research firms have commented on EXFO. ValuEngine cut shares of Exfo from a “buy” rating to a “hold” rating in a research report on Friday, June 28th. Zacks Investment Research lowered shares of Exfo from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Finally, Northland Securities restated a “buy” rating and set a $5.50 target price on shares of Exfo in a research note on Thursday, July 11th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $4.30.

Several hedge funds have recently bought and sold shares of the company. CLARET ASSET MANAGEMENT Corp lifted its holdings in shares of Exfo by 7.7% during the first quarter. CLARET ASSET MANAGEMENT Corp now owns 101,764 shares of the communications equipment provider’s stock worth $374,000 after purchasing an additional 7,233 shares during the period. White Pine Capital LLC lifted its holdings in shares of Exfo by 41.4% during the first quarter. White Pine Capital LLC now owns 454,815 shares of the communications equipment provider’s stock worth $1,674,000 after purchasing an additional 133,200 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of Exfo during the second quarter worth $918,000. 9.69% of the stock is owned by institutional investors and hedge funds.

Shares of EXFO stock traded down $0.09 on Friday, hitting $3.78. 12,679 shares of the stock traded hands, compared to its average volume of 29,876. The company’s 50-day moving average price is $3.81. The company has a quick ratio of 0.97, a current ratio of 1.42 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $213.25 million, a PE ratio of 42.00 and a beta of 1.08. Exfo has a twelve month low of $2.66 and a twelve month high of $4.97.

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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