Equities research analysts predict that Exfo Inc (NASDAQ:EXFO) (TSE:EXF) will post $64.85 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Exfo’s earnings, with estimates ranging from $63.00 million to $66.70 million. Exfo posted sales of $70.18 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.6%. The business is expected to issue its next earnings results on Wednesday, October 14th.
According to Zacks, analysts expect that Exfo will report full-year sales of $259.90 million for the current financial year, with estimates ranging from $258.10 million to $261.70 million. For the next fiscal year, analysts expect that the business will post sales of $284.00 million, with estimates ranging from $280.00 million to $288.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Exfo.
Exfo (NASDAQ:EXFO) (TSE:EXF) last announced its quarterly earnings results on Wednesday, July 8th. The communications equipment provider reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.13. Exfo had a negative net margin of 2.31% and a negative return on equity of 0.73%. The company had revenue of $66.15 million for the quarter, compared to the consensus estimate of $55.50 million.
Several equities analysts recently commented on the stock. TD Securities upped their price target on shares of Exfo from $3.25 to $3.50 and gave the stock a “hold” rating in a research report on Thursday, July 9th. Zacks Investment Research downgraded shares of Exfo from a “buy” rating to a “hold” rating in a research note on Wednesday, September 9th. Canaccord Genuity reiterated a “hold” rating and set a $4.00 price objective on shares of Exfo in a research note on Thursday, August 13th. TheStreet upgraded shares of Exfo from a “d+” rating to a “c” rating in a research note on Wednesday, August 5th. Finally, National Bank Financial boosted their price objective on shares of Exfo from $2.50 to $4.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 9th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $3.79.
Shares of EXFO stock opened at $3.54 on Thursday. Exfo has a one year low of $2.00 and a one year high of $4.95. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.90 and a current ratio of 1.30. The company has a 50 day moving average price of $3.78 and a 200 day moving average price of $3.08. The firm has a market capitalization of $197.16 million, a price-to-earnings ratio of -35.40 and a beta of 1.27.
Hedge funds have recently made changes to their positions in the company. White Pine Capital LLC boosted its stake in shares of Exfo by 15.8% in the second quarter. White Pine Capital LLC now owns 391,382 shares of the communications equipment provider’s stock valued at $1,102,000 after purchasing an additional 53,412 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Exfo by 409.1% in the first quarter. Acadian Asset Management LLC now owns 11,200 shares of the communications equipment provider’s stock valued at $28,000 after purchasing an additional 9,000 shares during the period. RBF Capital LLC boosted its stake in shares of Exfo by 282.4% in the second quarter. RBF Capital LLC now owns 38,280 shares of the communications equipment provider’s stock valued at $108,000 after purchasing an additional 28,270 shares during the period. Finally, CLARET ASSET MANAGEMENT Corp boosted its stake in shares of Exfo by 36.4% in the second quarter. CLARET ASSET MANAGEMENT Corp now owns 140,188 shares of the communications equipment provider’s stock valued at $402,000 after purchasing an additional 37,383 shares during the period. Institutional investors and hedge funds own 10.01% of the company’s stock.
Exfo Company Profile
EXFO Inc develops, manufactures, and markets smarter network test, monitoring, and analytics solutions for communications service providers, network equipment manufacturers, and Web-scale operators. It offers field network testing products, such as copper/DSL testing, dispersion analysis, fiber inspection, live fiber detection, network protocol testing, optical power and loss testing, ORL tester, optical time domain reflectometry and iOLM, spectral testing, test function virtualization, and test reporting and automation products, as well as modular test platforms.
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