Brokerages Expect Avaya Holdings Corp. (NYSE:AVYA) Will Announce Earnings of $0.72 Per Share

Wall Street analysts expect Avaya Holdings Corp. (NYSE:AVYA) to announce earnings per share (EPS) of $0.72 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Avaya’s earnings, with the lowest EPS estimate coming in at $0.67 and the highest estimate coming in at $0.77. Avaya posted earnings of $1.20 per share during the same quarter last year, which would suggest a negative year over year growth rate of 40%. The firm is expected to report its next earnings results on Wednesday, November 17th.

According to Zacks, analysts expect that Avaya will report full year earnings of $3.12 per share for the current fiscal year, with EPS estimates ranging from $3.06 to $3.17. For the next fiscal year, analysts expect that the business will report earnings of $3.22 per share, with EPS estimates ranging from $3.09 to $3.40. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Avaya.

Avaya (NYSE:AVYA) last released its quarterly earnings results on Sunday, August 8th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.04. The company had revenue of $732.00 million during the quarter, compared to analysts’ expectations of $729.72 million. Avaya had a return on equity of 101.31% and a net margin of 0.61%. Avaya’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.08 EPS.

AVYA has been the subject of a number of analyst reports. Zacks Investment Research raised Avaya from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Tuesday, August 17th. Colliers Securities reissued a “buy” rating and set a $35.00 target price on shares of Avaya in a report on Wednesday, September 1st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $30.80.

NYSE AVYA traded up $0.04 during trading hours on Friday, reaching $19.44. The company’s stock had a trading volume of 2,499 shares, compared to its average volume of 1,141,130. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 323.33 and a beta of 1.60. Avaya has a 1-year low of $13.27 and a 1-year high of $34.06. The company has a debt-to-equity ratio of 8.43, a current ratio of 1.43 and a quick ratio of 1.38. The company’s 50-day moving average is $22.47 and its two-hundred day moving average is $26.35.

Several large investors have recently bought and sold shares of AVYA. River Road Asset Management LLC increased its holdings in shares of Avaya by 77.0% in the second quarter. River Road Asset Management LLC now owns 8,055,348 shares of the company’s stock valued at $216,689,000 after purchasing an additional 3,504,405 shares during the last quarter. Acuitas Investments LLC grew its position in Avaya by 2,590.0% in the second quarter. Acuitas Investments LLC now owns 2,423,475 shares of the company’s stock worth $90,000 after acquiring an additional 2,333,383 shares during the period. FMR LLC purchased a new position in Avaya in the first quarter worth approximately $20,120,000. American Century Companies Inc. grew its position in Avaya by 84.1% in the second quarter. American Century Companies Inc. now owns 2,445,300 shares of the company’s stock worth $65,779,000 after acquiring an additional 1,116,936 shares during the period. Finally, Victory Capital Management Inc. grew its position in Avaya by 13.5% in the second quarter. Victory Capital Management Inc. now owns 6,782,745 shares of the company’s stock worth $182,456,000 after acquiring an additional 805,297 shares during the period.

Avaya Company Profile

Avaya Holdings Corp. is a global business communications company, which engages in the provision of business collaboration and communication solutions. It operates through the following segments: Products & Solutions and Services. The Products and Solutions segment includes unified communications and contact center platforms, applications and devices.

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