B. Riley Has Positive Outlook of Lumentum FY2025 Earnings

Lumentum Holdings Inc. (NASDAQ:LITE) – B. Riley increased their FY2025 earnings per share estimates for Lumentum in a research report issued on Wednesday, June 4th. B. Riley analyst D. Kang now expects that the technology company will post earnings per share of ($0.36) for the year, up from their prior estimate of ($0.43). B. Riley has a “Neutral” rating and a $73.00 price objective on the stock. The consensus estimate for Lumentum’s current full-year earnings is $0.03 per share. B. Riley also issued estimates for Lumentum’s Q4 2025 earnings at $0.09 EPS, Q1 2026 earnings at $0.32 EPS, Q2 2026 earnings at $0.48 EPS, Q3 2026 earnings at $0.53 EPS, Q4 2026 earnings at $0.63 EPS and FY2026 earnings at $1.97 EPS.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. The company had revenue of $425.20 million during the quarter, compared to the consensus estimate of $418.18 million. Lumentum had a negative net margin of 36.98% and a negative return on equity of 7.25%. Lumentum’s revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 EPS.

Other equities research analysts have also recently issued research reports about the company. Morgan Stanley boosted their price target on Lumentum from $70.00 to $76.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 4th. BNP Paribas raised Lumentum from a “neutral” rating to an “outperform” rating and set a $92.00 target price for the company in a research report on Tuesday, March 11th. UBS Group decreased their target price on Lumentum from $96.00 to $78.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. Barclays set a $75.00 target price on shares of Lumentum and gave the stock an “overweight” rating in a report on Wednesday, May 7th. Finally, Needham & Company LLC dropped their target price on shares of Lumentum from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $82.80.

Lumentum Trading Down 0.2%

Shares of NASDAQ:LITE opened at $81.96 on Monday. The firm has a fifty day moving average of $65.91 and a two-hundred day moving average of $74.96. The firm has a market capitalization of $5.69 billion, a P/E ratio of -10.66 and a beta of 1.28. Lumentum has a 12-month low of $38.29 and a 12-month high of $104.00. The company has a quick ratio of 3.60, a current ratio of 4.76 and a debt-to-equity ratio of 2.94.

Insider Activity

In other news, Director Alan S. Lowe sold 10,000 shares of Lumentum stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $83.58, for a total value of $835,800.00. Following the completion of the transaction, the director now directly owns 270,471 shares in the company, valued at approximately $22,605,966.18. The trade was a 3.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Wajid Ali sold 2,222 shares of Lumentum stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $83.58, for a total value of $185,714.76. Following the completion of the transaction, the chief financial officer now owns 47,460 shares of the company’s stock, valued at approximately $3,966,706.80. This trade represents a 4.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,520 shares of company stock worth $2,103,278 over the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lumentum

Several large investors have recently added to or reduced their stakes in the business. Strs Ohio bought a new stake in shares of Lumentum in the 1st quarter valued at about $819,000. Empowered Funds LLC lifted its stake in shares of Lumentum by 9.1% in the 1st quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock valued at $507,000 after acquiring an additional 680 shares during the last quarter. United Services Automobile Association bought a new stake in shares of Lumentum in the 1st quarter valued at about $279,000. Scientech Research LLC lifted its stake in shares of Lumentum by 37.4% in the 1st quarter. Scientech Research LLC now owns 13,266 shares of the technology company’s stock valued at $827,000 after acquiring an additional 3,613 shares during the last quarter. Finally, Petrus Trust Company LTA purchased a new position in Lumentum during the 1st quarter valued at about $428,000. Institutional investors own 94.05% of the company’s stock.

Lumentum Company Profile

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.