Brokerages expect EXFO Inc (NASDAQ:EXFO) (TSE:EXF) to post earnings per share (EPS) of $0.05 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for EXFO’s earnings. EXFO reported earnings per share of $0.06 during the same quarter last year, which indicates a negative year over year growth rate of 16.7%. The firm is scheduled to announce its next earnings results on Tuesday, January 9th.
On average, analysts expect that EXFO will report full-year earnings of $0.24 per share for the current fiscal year, with EPS estimates ranging from $0.21 to $0.25. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.35 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow EXFO.
EXFO has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $5.25 price objective on shares of EXFO in a research note on Monday, October 16th. Canaccord Genuity reaffirmed a “hold” rating and issued a $4.75 price objective on shares of EXFO in a research note on Sunday, October 15th. BMO Capital Markets set a $6.00 price objective on EXFO and gave the stock a “hold” rating in a research note on Friday, October 13th. Zacks Investment Research cut EXFO from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Finally, Northland Securities set a $6.00 target price on EXFO and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $5.35.
EXFO (NASDAQ EXFO) remained flat at $$4.30 during mid-day trading on Friday. 10,429 shares of the stock were exchanged, compared to its average volume of 49,787. EXFO has a 12-month low of $3.72 and a 12-month high of $6.15. The company has a market cap of $238.67, a P/E ratio of 22.90 and a beta of 0.48.
Several large investors have recently added to or reduced their stakes in EXFO. White Pine Capital LLC grew its position in shares of EXFO by 28.4% during the second quarter. White Pine Capital LLC now owns 177,125 shares of the communications equipment provider’s stock worth $832,000 after purchasing an additional 39,175 shares in the last quarter. TD Asset Management Inc. grew its holdings in EXFO by 11.1% during the 2nd quarter. TD Asset Management Inc. now owns 234,700 shares of the communications equipment provider’s stock valued at $1,093,000 after buying an additional 23,500 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in EXFO by 107.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,553 shares of the communications equipment provider’s stock valued at $107,000 after buying an additional 14,803 shares in the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.
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EXFO Company Profile
EXFO Inc is a Canada-based company, which provides communications service providers (CSPs) and data center, cloud and Web-scale operators with field test, service assurance and analytics solutions to ensure the deployment, maintenance and management of physical, virtual, fixed and mobile networks. It focuses on network infrastructures: fourth generation (4G)/long-term evolution (LTE), wireless backhaul, small cells and distributed antenna systems (DAS), 100G network upgrades and fiber-to-the-home (FTTH)/fiber-to-the-curb (FTTC)/fiber-to-the-node (FTTN) deployments.
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