Avaya (NYSE:AVYA) announced its earnings results on Tuesday. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.37), Morningstar.com reports. The firm had revenue of $720.00 million for the quarter, compared to the consensus estimate of $715.96 million. Avaya had a return on equity of 15.77% and a net margin of 6.12%. Avaya’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.80) EPS. Avaya updated its Q4 2019 guidance to EPS and its FY 2019 guidance to EPS.
NYSE AVYA traded up $0.53 on Wednesday, hitting $12.33. 48,491 shares of the stock were exchanged, compared to its average volume of 1,400,019. Avaya has a 52-week low of $10.23 and a 52-week high of $23.40. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.37 and a quick ratio of 1.31. The company has a market cap of $1.23 billion, a P/E ratio of 3.90 and a beta of 1.70. The business’s 50-day moving average price is $11.23.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio grew its holdings in shares of Avaya by 57.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,363 shares of the company’s stock valued at $49,000 after acquiring an additional 1,232 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new position in shares of Avaya during the 2nd quarter valued at $138,000. Millennium Management LLC purchased a new position in shares of Avaya during the 4th quarter valued at $152,000. Dfpg Investments Inc. acquired a new stake in shares of Avaya in the 2nd quarter valued at $187,000. Finally, ARP Americas LP acquired a new stake in shares of Avaya in the 1st quarter valued at $192,000. Hedge funds and other institutional investors own 99.56% of the company’s stock.
Avaya Holdings Corp., through its subsidiaries, provides digital communications products, solutions, and services for businesses worldwide. The company operates through two segments, Products & Solutions, and Services. The Products & Solutions segment offers unified communications and contact center platforms, applications, and devices.
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