Viavi Solutions Inc (NASDAQ:VIAV) Expected to Announce Earnings of $0.16 Per Share

Wall Street brokerages forecast that Viavi Solutions Inc (NASDAQ:VIAV) will report earnings of $0.16 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Viavi Solutions’ earnings, with estimates ranging from $0.15 to $0.17. Viavi Solutions reported earnings of $0.15 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 6.7%. The firm is scheduled to issue its next earnings report after the market closes on Wednesday, October 30th.

On average, analysts expect that Viavi Solutions will report full year earnings of $0.69 per share for the current financial year, with EPS estimates ranging from $0.66 to $0.72. For the next year, analysts forecast that the business will report earnings of $0.77 per share, with EPS estimates ranging from $0.76 to $0.79. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Viavi Solutions.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Thursday, August 15th. The communications equipment provider reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. Viavi Solutions had a net margin of 0.48% and a return on equity of 16.75%. The business had revenue of $289.70 million during the quarter, compared to analysts’ expectations of $279.18 million. During the same quarter in the previous year, the company earned $0.14 EPS. The business’s quarterly revenue was up 9.7% compared to the same quarter last year.

A number of research firms have commented on VIAV. Zacks Investment Research raised shares of Viavi Solutions from a “sell” rating to a “hold” rating and set a $16.00 price target for the company in a research note on Monday, September 16th. Northland Securities set a $18.00 price target on shares of Viavi Solutions and gave the stock a “buy” rating in a research note on Friday, September 13th. Stifel Nicolaus set a $15.00 price target on shares of Viavi Solutions and gave the stock a “buy” rating in a research note on Friday, August 16th. Susquehanna Bancshares assumed coverage on shares of Viavi Solutions in a research note on Friday, October 18th. They issued a “positive” rating and a $19.00 price target for the company. Finally, TheStreet raised shares of Viavi Solutions from a “c+” rating to a “b” rating in a research note on Monday, October 7th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $15.67.

In other news, Director Timothy Campos sold 11,500 shares of the company’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $14.06, for a total value of $161,690.00. Following the completion of the sale, the director now owns 112,622 shares of the company’s stock, valued at approximately $1,583,465.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ralph Rondinone sold 3,200 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $14.19, for a total transaction of $45,408.00. Following the completion of the sale, the senior vice president now directly owns 27,398 shares of the company’s stock, valued at approximately $388,777.62. The disclosure for this sale can be found here. Insiders sold a total of 44,509 shares of company stock valued at $625,059 in the last ninety days. 0.88% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in VIAV. State of Alaska Department of Revenue raised its holdings in Viavi Solutions by 1.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 77,849 shares of the communications equipment provider’s stock valued at $1,034,000 after buying an additional 1,061 shares during the last quarter. Advisory Services Network LLC raised its holdings in Viavi Solutions by 88.5% during the 2nd quarter. Advisory Services Network LLC now owns 2,354 shares of the communications equipment provider’s stock valued at $31,000 after buying an additional 1,105 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in Viavi Solutions by 1.9% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 68,200 shares of the communications equipment provider’s stock valued at $906,000 after buying an additional 1,240 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Viavi Solutions by 0.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 148,459 shares of the communications equipment provider’s stock valued at $1,973,000 after buying an additional 1,274 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in Viavi Solutions by 1.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 90,066 shares of the communications equipment provider’s stock valued at $1,197,000 after buying an additional 1,600 shares during the last quarter. 94.23% of the stock is owned by institutional investors.

VIAV stock traded down $0.20 during midday trading on Friday, reaching $14.84. The company had a trading volume of 1,148,100 shares, compared to its average volume of 2,171,409. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.23 and a quick ratio of 2.87. Viavi Solutions has a 1 year low of $9.17 and a 1 year high of $15.26. The company has a market capitalization of $3.44 billion, a P/E ratio of 28.54 and a beta of 1.06. The firm has a 50-day moving average price of $14.38 and a 200-day moving average price of $13.70.

Viavi Solutions Company Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.

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Earnings History and Estimates for Viavi Solutions (NASDAQ:VIAV)

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