Brokerages predict that Viavi Solutions Inc (NASDAQ:VIAV) will report $0.11 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Viavi Solutions’ earnings. The highest EPS estimate is $0.11 and the lowest is $0.10. Viavi Solutions reported earnings per share of $0.12 during the same quarter last year, which would indicate a negative year over year growth rate of 8.3%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, August 21st.
On average, analysts expect that Viavi Solutions will report full year earnings of $0.43 per share for the current year, with EPS estimates ranging from $0.42 to $0.44. For the next fiscal year, analysts anticipate that the company will post earnings of $0.59 per share, with EPS estimates ranging from $0.55 to $0.63. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Viavi Solutions.
Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Thursday, May 3rd. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.04. The firm had revenue of $219.40 million for the quarter, compared to analyst estimates of $208.00 million. Viavi Solutions had a negative net margin of 0.43% and a positive return on equity of 10.74%. Viavi Solutions’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 EPS.
Several analysts recently issued reports on the stock. BidaskClub upgraded shares of Viavi Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, March 7th. Zacks Investment Research lowered shares of Viavi Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, May 22nd. Argus upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $9.92 price objective on the stock in a report on Tuesday, May 8th. William Blair restated a “buy” rating on shares of Viavi Solutions in a report on Thursday, May 24th. Finally, ValuEngine lowered shares of Viavi Solutions from a “hold” rating to a “sell” rating in a report on Friday, March 23rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $11.09.
In other Viavi Solutions news, CFO Amar Maletira sold 4,500 shares of Viavi Solutions stock in a transaction dated Thursday, April 12th. The stock was sold at an average price of $10.25, for a total value of $46,125.00. Following the completion of the transaction, the chief financial officer now directly owns 150,022 shares of the company’s stock, valued at approximately $1,537,725.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 7,203 shares of company stock valued at $73,371. 0.59% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Clearbridge Investments LLC grew its position in shares of Viavi Solutions by 101.3% during the fourth quarter. Clearbridge Investments LLC now owns 2,926,401 shares of the communications equipment provider’s stock worth $25,577,000 after buying an additional 1,472,610 shares in the last quarter. Macquarie Group Ltd. grew its position in shares of Viavi Solutions by 41.8% during the fourth quarter. Macquarie Group Ltd. now owns 2,778,792 shares of the communications equipment provider’s stock worth $24,287,000 after buying an additional 818,770 shares in the last quarter. Deutsche Bank AG grew its position in shares of Viavi Solutions by 22.7% during the fourth quarter. Deutsche Bank AG now owns 2,496,609 shares of the communications equipment provider’s stock worth $21,819,000 after buying an additional 461,871 shares in the last quarter. Ratan Capital Management LP grew its position in shares of Viavi Solutions by 54.2% during the first quarter. Ratan Capital Management LP now owns 2,275,551 shares of the communications equipment provider’s stock worth $22,118,000 after buying an additional 800,309 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Viavi Solutions by 12,493.8% during the first quarter. Victory Capital Management Inc. now owns 2,176,085 shares of the communications equipment provider’s stock worth $21,152,000 after buying an additional 2,158,806 shares in the last quarter. 92.13% of the stock is owned by institutional investors.
VIAV traded down $0.02 on Friday, hitting $9.98. The company had a trading volume of 2,397,853 shares, compared to its average volume of 2,411,284. The firm has a market cap of $2.26 billion, a P/E ratio of 39.92, a price-to-earnings-growth ratio of 1.52 and a beta of 0.96. Viavi Solutions has a 1 year low of $8.34 and a 1 year high of $11.54. The company has a current ratio of 1.58, a quick ratio of 1.43 and a debt-to-equity ratio of 0.48.
Viavi Solutions Company Profile
Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, and enterprises and their ecosystems worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments. The Network Enablement segment offers testing solutions that access the network to perform build-out and maintenance tasks.
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