Zacks: Brokerages Expect Exfo Inc (EXFO) Will Post Earnings of $0.08 Per Share

Wall Street analysts expect Exfo Inc (NASDAQ:EXFO) (TSE:EXF) to report earnings of $0.08 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Exfo’s earnings, with the highest EPS estimate coming in at $0.09 and the lowest estimate coming in at $0.07. Exfo posted earnings of $0.12 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 33.3%. The business is scheduled to issue its next quarterly earnings results after the market closes on Thursday, October 11th.

According to Zacks, analysts expect that Exfo will report full-year earnings of $0.17 per share for the current financial year. For the next year, analysts anticipate that the company will post earnings of $0.31 per share, with EPS estimates ranging from $0.30 to $0.32. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Exfo.

Exfo (NASDAQ:EXFO) (TSE:EXF) last announced its quarterly earnings results on Tuesday, July 10th. The communications equipment provider reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.05. The business had revenue of $72.22 million for the quarter, compared to analysts’ expectations of $70.38 million. Exfo had a positive return on equity of 4.65% and a negative net margin of 2.70%.

A number of analysts have recently weighed in on EXFO shares. Zacks Investment Research cut Exfo from a “buy” rating to a “hold” rating in a research report on Tuesday, September 11th. TheStreet cut Exfo from a “b-” rating to a “c+” rating in a research report on Tuesday, June 19th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $4.25 price target on shares of Exfo in a research report on Thursday, July 12th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Exfo currently has a consensus rating of “Hold” and an average price target of $4.79.

A hedge fund recently raised its stake in Exfo stock. Fiera Capital Corp boosted its holdings in Exfo Inc (NASDAQ:EXFO) (TSE:EXF) by 3.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 541,800 shares of the communications equipment provider’s stock after acquiring an additional 16,800 shares during the quarter. Fiera Capital Corp owned 0.98% of Exfo worth $1,863,000 at the end of the most recent quarter. 11.21% of the stock is owned by institutional investors.

Shares of Exfo stock traded down $0.05 on Thursday, reaching $3.95. 600 shares of the company were exchanged, compared to its average volume of 26,021. The company has a current ratio of 1.42, a quick ratio of 0.99 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $201.17 million, a price-to-earnings ratio of 18.81 and a beta of 0.60. Exfo has a 1-year low of $3.16 and a 1-year high of $4.70.

About Exfo

EXFO Inc develops, manufactures, and markets smarter network test, monitoring, and analytics solutions for communications service providers, network equipment manufacturers, and Webscale companies. It offers lab and manufacturing testing systems, including lab platforms; network simulation and load testing tools to meet the mobile telecom and VOIP/IMS network test challenges; transport and datacom solutions, such as Ethernet testing, fiber channel testing, DSn/PDH and SONET/SDH testing, synchronization testing, and SONET/SDH, OTN, and multiservice testing solutions; and optical products comprising power meters, light sources and amplifiers, variable attenuators, switch and utility modules, polarization analysis, optical communication analyzers, spectral testing products, bit-error-rate testing products, optical benchtop kits, osics multifunction platform, optical component testers, and tunable filters.

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