Equities research analysts predict that Finisar Co. (NASDAQ:FNSR) will post $0.26 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Finisar’s earnings, with the lowest EPS estimate coming in at $0.22 and the highest estimate coming in at $0.28. Finisar posted earnings per share of $0.05 in the same quarter last year, which would suggest a positive year-over-year growth rate of 420%. The company is expected to report its next earnings report on Thursday, June 13th.

According to Zacks, analysts expect that Finisar will report full year earnings of $0.99 per share for the current fiscal year, with EPS estimates ranging from $0.96 to $1.01. For the next financial year, analysts forecast that the business will report earnings of $1.35 per share, with EPS estimates ranging from $1.20 to $1.48. Zacks’ earnings per share calculations are an average based on a survey of analysts that that provide coverage for Finisar.

FNSR has been the subject of a number of research reports. BidaskClub cut shares of Finisar from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Zacks Investment Research cut shares of Finisar from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $25.29.

FNSR traded up $0.29 on Thursday, reaching $21.56. The stock had a trading volume of 174,102 shares, compared to its average volume of 2,160,841. Finisar has a 12-month low of $15.81 and a 12-month high of $24.77. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.43 and a current ratio of 6.79. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 67.34, a PEG ratio of 1.93 and a beta of 1.47.

Hedge funds have recently added to or reduced their stakes in the company. Investors Research Corp acquired a new position in Finisar during the first quarter worth about $37,000. Bessemer Group Inc. acquired a new position in Finisar during the fourth quarter worth about $43,000. Oregon Public Employees Retirement Fund acquired a new position in Finisar during the fourth quarter worth about $45,000. Versant Capital Management Inc boosted its position in Finisar by 117.2% during the first quarter. Versant Capital Management Inc now owns 2,604 shares of the technology company’s stock worth $60,000 after acquiring an additional 1,405 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in Finisar by 57.3% during the fourth quarter. Bank of Montreal Can now owns 3,535 shares of the technology company’s stock worth $76,000 after acquiring an additional 1,288 shares during the last quarter. 96.61% of the stock is owned by institutional investors and hedge funds.

Finisar Company Profile

Finisar Corporation provides components and subsystems to networking equipment manufacturers, data center operators, telecom service providers, consumer electronics, and automotive companies in the United States, China, Malaysia, and internationally. The company's optical subsystems primarily include transmitters, receivers, transceivers, transponders, and active optical cables, which provide the fundamental optical-electrical or optoelectronic interface for interconnecting the electronic equipment used in wireline networks comprising switches, routers, and servers, as well as wireless networks, such as antennas and base stations.

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Earnings History and Estimates for Finisar (NASDAQ:FNSR)

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