Brokerages expect Exfo Inc (NASDAQ:EXFO) (TSE:EXF) to report $0.08 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Exfo’s earnings, with the highest EPS estimate coming in at $0.09 and the lowest estimate coming in at $0.07. Exfo posted earnings per share of $0.12 in the same quarter last year, which indicates a negative year-over-year growth rate of 33.3%. The company is expected to issue its next earnings report after the market closes on Thursday, October 11th.

On average, analysts expect that Exfo will report full year earnings of $0.17 per share for the current fiscal year. For the next fiscal year, analysts forecast that the business will post earnings of $0.31 per share, with EPS estimates ranging from $0.30 to $0.32. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Exfo.

Exfo (NASDAQ:EXFO) (TSE:EXF) last released its earnings results on Tuesday, July 10th. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.05. The company had revenue of $72.22 million for the quarter, compared to analyst estimates of $70.38 million. Exfo had a negative net margin of 2.70% and a positive return on equity of 4.65%.

EXFO has been the topic of a number of analyst reports. BMO Capital Markets restated a “hold” rating and issued a $4.25 price objective on shares of Exfo in a report on Thursday, July 12th. TheStreet lowered shares of Exfo from a “b-” rating to a “c+” rating in a report on Tuesday, June 19th. Finally, Zacks Investment Research upgraded shares of Exfo from a “hold” rating to a “strong-buy” rating and set a $4.00 price objective on the stock in a report on Tuesday, July 17th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Exfo currently has an average rating of “Hold” and an average target price of $4.79.

Exfo stock traded down $0.10 during mid-day trading on Thursday, reaching $3.95. 400 shares of the company’s stock were exchanged, compared to its average volume of 25,165. The firm has a market cap of $217.70 million, a PE ratio of 18.81 and a beta of 0.60. Exfo has a twelve month low of $3.16 and a twelve month high of $4.70. The company has a quick ratio of 0.99, a current ratio of 1.42 and a debt-to-equity ratio of 0.04.

An institutional investor recently raised its position in Exfo stock. Fiera Capital Corp lifted its stake in Exfo Inc (NASDAQ:EXFO) (TSE:EXF) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 541,800 shares of the communications equipment provider’s stock after buying an additional 16,800 shares during the period. Fiera Capital Corp owned approximately 0.98% of Exfo worth $1,863,000 at the end of the most recent quarter. Institutional investors own 11.21% of the company’s stock.

Exfo Company Profile

EXFO Inc develops, manufactures, and markets smarter network test, monitoring, and analytics solutions for communications service providers, network equipment manufacturers, and Webscale companies. It offers lab and manufacturing testing systems, including lab platforms; network simulation and load testing tools to meet the mobile telecom and VOIP/IMS network test challenges; transport and datacom solutions, such as Ethernet testing, fiber channel testing, DSn/PDH and SONET/SDH testing, synchronization testing, and SONET/SDH, OTN, and multiservice testing solutions; and optical products comprising power meters, light sources and amplifiers, variable attenuators, switch and utility modules, polarization analysis, optical communication analyzers, spectral testing products, bit-error-rate testing products, optical benchtop kits, osics multifunction platform, optical component testers, and tunable filters.

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