$0.19 EPS Expected for Viavi Solutions Inc (NASDAQ:VIAV) This Quarter

Brokerages forecast that Viavi Solutions Inc (NASDAQ:VIAV) will report earnings per share (EPS) of $0.19 for the current quarter, Zacks reports. Four analysts have issued estimates for Viavi Solutions’ earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.20. Viavi Solutions posted earnings per share of $0.22 in the same quarter last year, which indicates a negative year over year growth rate of 13.6%. The company is expected to issue its next quarterly earnings results on Tuesday, February 4th.

According to Zacks, analysts expect that Viavi Solutions will report full year earnings of $0.70 per share for the current financial year, with EPS estimates ranging from $0.68 to $0.73. For the next fiscal year, analysts forecast that the company will post earnings of $0.77 per share, with EPS estimates ranging from $0.75 to $0.79. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Viavi Solutions.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Wednesday, October 30th. The communications equipment provider reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.02. Viavi Solutions had a return on equity of 17.53% and a net margin of 2.37%. The business had revenue of $299.80 million during the quarter, compared to analyst estimates of $287.31 million. During the same quarter last year, the company posted $0.15 EPS. Viavi Solutions’s revenue for the quarter was up 11.7% on a year-over-year basis.

VIAV has been the subject of a number of recent analyst reports. Stifel Nicolaus set a $15.00 price target on Viavi Solutions and gave the company a “buy” rating in a research report on Friday, August 16th. ValuEngine lowered Viavi Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Needham & Company LLC set a $16.00 price target on Viavi Solutions and gave the company a “buy” rating in a research report on Friday, September 13th. B. Riley reiterated a “buy” rating and issued a $16.00 price target on shares of Viavi Solutions in a research report on Friday, August 16th. Finally, BidaskClub lowered Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Viavi Solutions presently has an average rating of “Buy” and an average target price of $15.89.

In other Viavi Solutions news, CFO Amar Maletira sold 37,700 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $16.10, for a total transaction of $606,970.00. Following the completion of the sale, the chief financial officer now directly owns 348,891 shares in the company, valued at approximately $5,617,145.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ralph Rondinone sold 3,200 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $14.19, for a total value of $45,408.00. Following the sale, the senior vice president now owns 27,398 shares of the company’s stock, valued at $388,777.62. The disclosure for this sale can be found here. Insiders have sold a total of 238,859 shares of company stock valued at $3,703,740 over the last 90 days. Corporate insiders own 0.88% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BBVA USA Bancshares Inc. purchased a new stake in shares of Viavi Solutions during the 3rd quarter worth about $303,000. Signition LP purchased a new stake in shares of Viavi Solutions during the 3rd quarter worth about $218,000. Cookson Peirce & Co. Inc. raised its stake in shares of Viavi Solutions by 57.6% during the 3rd quarter. Cookson Peirce & Co. Inc. now owns 31,840 shares of the communications equipment provider’s stock worth $446,000 after purchasing an additional 11,635 shares in the last quarter. Mason Street Advisors LLC raised its stake in shares of Viavi Solutions by 1.8% during the 3rd quarter. Mason Street Advisors LLC now owns 77,709 shares of the communications equipment provider’s stock worth $1,088,000 after purchasing an additional 1,374 shares in the last quarter. Finally, Tygh Capital Management Inc. raised its stake in shares of Viavi Solutions by 37.0% during the 3rd quarter. Tygh Capital Management Inc. now owns 623,213 shares of the communications equipment provider’s stock worth $8,728,000 after purchasing an additional 168,423 shares in the last quarter. 95.30% of the stock is owned by institutional investors.

Shares of NASDAQ:VIAV traded down $0.12 during midday trading on Monday, reaching $15.59. The company had a trading volume of 825,700 shares, compared to its average volume of 2,162,313. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.88 and a current ratio of 3.24. Viavi Solutions has a 1-year low of $9.17 and a 1-year high of $16.35. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of 29.98 and a beta of 1.08. The company has a fifty day simple moving average of $14.79 and a two-hundred day simple moving average of $13.97.

About Viavi Solutions

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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