$0.07 Earnings Per Share Expected for Viavi Solutions Inc. (VIAV) This Quarter
Equities research analysts forecast that Viavi Solutions Inc. (NASDAQ:VIAV) will announce $0.07 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Viavi Solutions’ earnings, with the highest EPS estimate coming in at $0.08 and the lowest estimate coming in at $0.07. Viavi Solutions posted earnings of $0.10 per share in the same quarter last year, which would indicate a negative year over year growth rate of 30%. The firm is scheduled to issue its next earnings results on Tuesday, January 30th.
According to Zacks, analysts expect that Viavi Solutions will report full-year earnings of $0.38 per share for the current financial year, with EPS estimates ranging from $0.34 to $0.40. For the next year, analysts anticipate that the company will post earnings of $0.49 per share, with EPS estimates ranging from $0.42 to $0.52. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Viavi Solutions.
Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. The business had revenue of $195.20 million for the quarter, compared to analysts’ expectations of $183.89 million. Viavi Solutions had a return on equity of 8.99% and a net margin of 10.57%. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 EPS.
Several analysts have weighed in on VIAV shares. Zacks Investment Research cut Viavi Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 19th. BidaskClub cut Viavi Solutions from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Viavi Solutions in a report on Thursday, October 12th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Viavi Solutions in a report on Tuesday, October 24th. Finally, B. Riley reaffirmed a “buy” rating and issued a $12.50 price target on shares of Viavi Solutions in a report on Sunday, August 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $13.34.
In related news, EVP Paul Mcnab sold 27,936 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $9.87, for a total transaction of $275,728.32. Following the transaction, the executive vice president now directly owns 44,755 shares in the company, valued at approximately $441,731.85. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Richard Belluzzo sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $9.54, for a total value of $95,400.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 94,610 shares of company stock worth $897,523. 0.59% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Viavi Solutions by 10.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,635 shares of the communications equipment provider’s stock worth $112,000 after buying an additional 1,003 shares during the last quarter. Hartford Investment Management Co. bought a new stake in shares of Viavi Solutions in the 3rd quarter worth approximately $102,000. Creative Planning grew its position in shares of Viavi Solutions by 177.9% in the 2nd quarter. Creative Planning now owns 11,302 shares of the communications equipment provider’s stock worth $119,000 after buying an additional 7,235 shares during the last quarter. BlueMountain Capital Management LLC bought a new stake in shares of Viavi Solutions in the 2nd quarter worth approximately $123,000. Finally, Commonwealth Equity Services Inc bought a new stake in shares of Viavi Solutions in the 3rd quarter worth approximately $111,000. Hedge funds and other institutional investors own 92.49% of the company’s stock.
Shares of Viavi Solutions (NASDAQ VIAV) opened at $8.87 on Tuesday. The stock has a market capitalization of $2,005.86, a PE ratio of 29.40, a P/E/G ratio of 1.45 and a beta of 1.19. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.10 and a current ratio of 2.20. Viavi Solutions has a 1-year low of $8.13 and a 1-year high of $11.89.
Viavi Solutions Company Profile
Viavi Solutions Inc (Viavi) is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Company also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets.
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