Lumentum (NASDAQ:LITE) issued an update on its first quarter 2020 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.12-1.26 for the period, compared to the Thomson Reuters consensus estimate of $1.11. The company issued revenue guidance of $435-455 million, compared to the consensus revenue estimate of $438.32 million.Lumentum also updated its Q1 guidance to $1.12-1.26 EPS.
Shares of LITE traded down $0.93 during mid-day trading on Friday, hitting $59.71. 2,267,623 shares of the company’s stock were exchanged, compared to its average volume of 1,579,799. The firm’s fifty day simple moving average is $54.24. Lumentum has a twelve month low of $37.00 and a twelve month high of $69.95. The firm has a market capitalization of $4.63 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 1.21 and a beta of 1.36. The company has a current ratio of 4.53, a quick ratio of 3.20 and a debt-to-equity ratio of 0.56.
Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.21. Lumentum had a negative net margin of 2.33% and a positive return on equity of 18.19%. The company had revenue of $404.60 million for the quarter, compared to analyst estimates of $383.54 million. During the same quarter in the prior year, the business posted $0.95 EPS. Lumentum’s quarterly revenue was up 34.4% on a year-over-year basis. As a group, equities research analysts forecast that Lumentum will post 3.58 EPS for the current year.
Lumentum Company Profile
Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments, Optical Communications and Commercial Lasers. The Optical Communications segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and text data over high-capacity fiber optic cables.
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