Exfo (NASDAQ:EXFO) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Exfo (NASDAQ:EXFO) (TSE:EXF) posted its earnings results on Wednesday. The communications equipment provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01), Morningstar.com reports. Exfo had a negative net margin of 2.17% and a positive return on equity of 3.63%. The business had revenue of $73.59 million during the quarter, compared to analysts’ expectations of $74.40 million. Exfo updated its Q4 2019 guidance to $-0.02-0.02 EPS.

Shares of EXFO opened at $3.55 on Friday. The firm has a market cap of $216.03 million, a price-to-earnings ratio of 39.44 and a beta of 1.08. The company has a fifty day moving average of $3.92. Exfo has a fifty-two week low of $2.66 and a fifty-two week high of $4.97. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.97 and a current ratio of 1.42.

EXFO has been the subject of several recent research reports. Northland Securities increased their target price on shares of Coupa Software from $85.00 to $150.00 and gave the stock an “average” rating in a research note on Thursday. ValuEngine cut shares of WideOpenWest from a “hold” rating to a “sell” rating in a report on Friday, June 28th. Finally, Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a report on Thursday. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $4.38.

A hedge fund recently raised its stake in Exfo stock. White Pine Capital LLC boosted its holdings in Exfo Inc (NASDAQ:EXFO) (TSE:EXF) by 41.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 454,815 shares of the communications equipment provider’s stock after acquiring an additional 133,200 shares during the period. White Pine Capital LLC owned 0.82% of Exfo worth $1,674,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 9.68% of the company’s stock.

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 for Exfo (NASDAQ:EXFO)

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