Exfo Inc (NASDAQ:EXFO) (TSE:EXF) – Equities research analysts at National Bank Financial upped their FY2020 EPS estimates for shares of Exfo in a research report issued on Wednesday, July 8th. National Bank Financial analyst R. Tse now anticipates that the communications equipment provider will post earnings of $0.07 per share for the year, up from their prior estimate of ($0.02). National Bank Financial has a “Sector Perform” rating and a $4.00 price objective on the stock.

EXFO has been the topic of a number of other research reports. Zacks Investment Research upgraded Exfo from a “hold” rating to a “strong-buy” rating and set a $4.00 target price on the stock in a research note on Monday. BMO Capital Markets cut their target price on Exfo from $5.00 to $3.50 and set a “market perform” rating on the stock in a research note on Monday, April 6th. Canaccord Genuity restated a “hold” rating and issued a $4.00 target price on shares of Exfo in a research note on Thursday, July 9th. TD Securities boosted their target price on Exfo from $3.25 to $3.50 and gave the stock a “hold” rating in a research note on Thursday, July 9th. Finally, CIBC cut their target price on Exfo from $5.00 to $3.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. Seven analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $3.79.

EXFO stock opened at $3.46 on Monday. The company has a market capitalization of $197.59 million, a P/E ratio of -34.60 and a beta of 1.15. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.90 and a current ratio of 1.30. Exfo has a 52-week low of $2.00 and a 52-week high of $4.95. The business has a 50-day simple moving average of $2.94 and a two-hundred day simple moving average of $3.20.

Exfo (NASDAQ:EXFO) (TSE:EXF) last released its quarterly earnings results on Wednesday, July 8th. The communications equipment provider reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.13. The business had revenue of $66.15 million during the quarter, compared to the consensus estimate of $55.50 million. Exfo had a negative return on equity of 0.73% and a negative net margin of 2.31%.

An institutional investor recently raised its position in Exfo stock. Renaissance Technologies LLC boosted its position in Exfo Inc (NASDAQ:EXFO) (TSE:EXF) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,119,578 shares of the communications equipment provider’s stock after purchasing an additional 7,738 shares during the period. Renaissance Technologies LLC owned about 2.02% of Exfo worth $5,177,000 as of its most recent SEC filing. 11.15% of the stock is owned by institutional investors and hedge funds.

About Exfo

EXFO Inc develops, manufactures, and markets smarter network test, monitoring, and analytics solutions for communications service providers, network equipment manufacturers, and Web-scale operators. It offers field network testing products, such as copper/DSL testing, dispersion analysis, fiber inspection, live fiber detection, network protocol testing, optical power and loss testing, ORL tester, optical time domain reflectometry and iOLM, spectral testing, test function virtualization, and test reporting and automation products, as well as modular test platforms.

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Earnings History and Estimates for Exfo (NASDAQ:EXFO)

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