Brokerages Expect DASAN Zhone Solutions Inc (NASDAQ:DZSI) Will Post Earnings of $0.07 Per Share

Analysts expect DASAN Zhone Solutions Inc (NASDAQ:DZSI) to post earnings of $0.07 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for DASAN Zhone Solutions’ earnings. The lowest EPS estimate is $0.05 and the highest is $0.08. DASAN Zhone Solutions reported earnings of $0.08 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 12.5%. The business is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, August 13th.

According to Zacks, analysts expect that DASAN Zhone Solutions will report full-year earnings of $0.52 per share for the current financial year, with EPS estimates ranging from $0.47 to $0.57. For the next financial year, analysts expect that the firm will post earnings of $0.62 per share, with EPS estimates ranging from $0.58 to $0.66. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover DASAN Zhone Solutions.

DASAN Zhone Solutions (NASDAQ:DZSI) last issued its quarterly earnings data on Thursday, May 9th. The communications equipment provider reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.25. DASAN Zhone Solutions had a net margin of 0.10% and a return on equity of 5.25%. The business had revenue of $74.09 million during the quarter, compared to analyst estimates of $73.00 million.

Several research analysts have commented on DZSI shares. Zacks Investment Research lowered shares of DASAN Zhone Solutions from a “buy” rating to a “hold” rating in a report on Friday, July 12th. ValuEngine lowered shares of DASAN Zhone Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, B. Riley started coverage on shares of DASAN Zhone Solutions in a report on Monday, May 20th. They issued a “buy” rating and a $19.50 price objective for the company.

NASDAQ DZSI traded up $0.02 during trading on Monday, hitting $9.92. The company had a trading volume of 199,327 shares, compared to its average volume of 55,873. The company has a current ratio of 1.99, a quick ratio of 1.53 and a debt-to-equity ratio of 0.64. DASAN Zhone Solutions has a one year low of $9.49 and a one year high of $15.59. The firm has a market capitalization of $167.90 million, a P/E ratio of 49.60 and a beta of 0.39. The stock has a fifty day simple moving average of $11.53.

In other DASAN Zhone Solutions news, CFO Mikhail Golomb purchased 10,256 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was bought at an average cost of $9.75 per share, for a total transaction of $99,996.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 66.10% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its holdings in shares of DASAN Zhone Solutions by 17.4% during the fourth quarter. Bank of New York Mellon Corp now owns 22,356 shares of the communications equipment provider’s stock valued at $311,000 after buying an additional 3,320 shares during the last quarter. Northern Trust Corp grew its holdings in shares of DASAN Zhone Solutions by 1.5% during the fourth quarter. Northern Trust Corp now owns 61,018 shares of the communications equipment provider’s stock valued at $849,000 after buying an additional 876 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of DASAN Zhone Solutions by 10.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 103,342 shares of the communications equipment provider’s stock valued at $1,438,000 after buying an additional 9,381 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of DASAN Zhone Solutions by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 46,542 shares of the communications equipment provider’s stock valued at $647,000 after buying an additional 2,744 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. acquired a new position in shares of DASAN Zhone Solutions during the second quarter valued at about $617,000. Institutional investors own 16.32% of the company’s stock.

About DASAN Zhone Solutions

DASAN Zhone Solutions, Inc provides network access solutions and communications platforms for service provider and enterprise networks worldwide. It offers broadband access products, including customer premise equipment, such as digital subscriber line (DSL) modems; Ethernet access demarcation devices; and gigabit passive optical network (GPON) and 10G point-to-point active Ethernet optical network terminals.

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Earnings History and Estimates for DASAN Zhone Solutions (NASDAQ:DZSI)

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