Analysts Expect Exfo Inc (EXFO) to Announce $0.05 EPS

Wall Street brokerages expect Exfo Inc (NASDAQ:EXFO) (TSE:EXF) to post earnings per share (EPS) of $0.05 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Exfo’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.05. Exfo reported earnings per share of $0.02 in the same quarter last year, which would suggest a positive year-over-year growth rate of 150%. The firm is expected to issue its next earnings report after the market closes on Tuesday, April 10th.

On average, analysts expect that Exfo will report full-year earnings of $0.24 per share for the current financial year, with EPS estimates ranging from $0.23 to $0.25. For the next year, analysts forecast that the company will post earnings of $0.34 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Exfo.

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Exfo (NASDAQ:EXFO) (TSE:EXF) last released its quarterly earnings results on Tuesday, January 9th. The communications equipment provider reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. Exfo had a return on equity of 5.22% and a net margin of 0.09%. The firm had revenue of $63.39 million for the quarter, compared to analysts’ expectations of $62.80 million.

A number of brokerages recently commented on EXFO. BidaskClub raised Exfo from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Zacks Investment Research raised Exfo from a “sell” rating to a “hold” rating in a report on Tuesday, March 13th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Exfo has an average rating of “Hold” and a consensus target price of $5.35.

A number of institutional investors have recently made changes to their positions in EXFO. JPMorgan Chase & Co. raised its holdings in Exfo by 107.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,553 shares of the communications equipment provider’s stock worth $107,000 after purchasing an additional 14,803 shares during the period. Mackenzie Financial Corp bought a new position in Exfo in the 4th quarter worth $4,009,000. Finally, White Pine Capital LLC raised its holdings in Exfo by 30.2% in the 4th quarter. White Pine Capital LLC now owns 256,465 shares of the communications equipment provider’s stock worth $1,116,000 after purchasing an additional 59,475 shares during the period. 14.77% of the stock is currently owned by institutional investors.

Shares of Exfo stock opened at $4.20 on Friday. Exfo has a one year low of $3.72 and a one year high of $6.00. The firm has a market capitalization of $230.70, a P/E ratio of 20.00 and a beta of 0.52. The company has a current ratio of 2.11, a quick ratio of 1.39 and a debt-to-equity ratio of 0.01.

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About Exfo

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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