Brokerages Expect Viavi Solutions Inc (VIAV) to Post $0.14 EPS

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Wall Street brokerages predict that Viavi Solutions Inc (NASDAQ:VIAV) will post earnings of $0.14 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Viavi Solutions’ earnings, with estimates ranging from $0.14 to $0.15. Viavi Solutions reported earnings of $0.11 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 27.3%. The business is scheduled to report its next earnings results after the market closes on Thursday, November 1st.

According to Zacks, analysts expect that Viavi Solutions will report full year earnings of $0.59 per share for the current financial year, with EPS estimates ranging from $0.57 to $0.60. For the next financial year, analysts anticipate that the company will post earnings of $0.67 per share, with EPS estimates ranging from $0.63 to $0.70. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that that provide coverage for Viavi Solutions.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Tuesday, August 14th. The communications equipment provider reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Viavi Solutions had a negative net margin of 5.22% and a positive return on equity of 11.57%. The business had revenue of $264.00 million for the quarter, compared to analysts’ expectations of $255.10 million. During the same period in the previous year, the business earned $0.12 earnings per share. The company’s revenue was up 33.3% on a year-over-year basis.

A number of equities research analysts recently weighed in on VIAV shares. Deutsche Bank upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Monday, October 1st. ValuEngine upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. William Blair restated a “buy” rating on shares of Viavi Solutions in a research note on Wednesday, August 15th. B. Riley boosted their price target on shares of Viavi Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, August 13th. Finally, Needham & Company LLC upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $13.50 price target on the stock in a research report on Monday, August 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Viavi Solutions has a consensus rating of “Buy” and an average price target of $11.59.

Shares of NASDAQ VIAV opened at $12.14 on Tuesday. Viavi Solutions has a fifty-two week low of $8.34 and a fifty-two week high of $12.82. The company has a current ratio of 2.05, a quick ratio of 1.89 and a debt-to-equity ratio of 0.77. The stock has a market cap of $2.57 billion, a P/E ratio of 36.12 and a beta of 0.88.

In other Viavi Solutions news, EVP Paul Mcnab sold 14,046 shares of the business’s stock in a transaction dated Friday, September 28th. The stock was sold at an average price of $11.25, for a total transaction of $158,017.50. Following the sale, the executive vice president now owns 110,456 shares in the company, valued at approximately $1,242,630. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Gary W. Staley sold 5,185 shares of the business’s stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $11.22, for a total value of $58,175.70. Following the sale, the senior vice president now owns 7,670 shares in the company, valued at approximately $86,057.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 117,495 shares of company stock worth $1,417,459. 0.59% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of VIAV. New York State Common Retirement Fund raised its holdings in Viavi Solutions by 8.9% during the 1st quarter. New York State Common Retirement Fund now owns 295,100 shares of the communications equipment provider’s stock worth $2,868,000 after buying an additional 24,000 shares during the period. Sei Investments Co. raised its holdings in Viavi Solutions by 252.7% during the 1st quarter. Sei Investments Co. now owns 56,054 shares of the communications equipment provider’s stock worth $544,000 after buying an additional 40,161 shares during the period. Koch Industries Inc. acquired a new stake in Viavi Solutions during the 1st quarter worth about $104,000. Principal Financial Group Inc. raised its holdings in Viavi Solutions by 2.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,764,190 shares of the communications equipment provider’s stock worth $17,148,000 after buying an additional 37,253 shares during the period. Finally, Profund Advisors LLC raised its holdings in Viavi Solutions by 26.0% during the 1st quarter. Profund Advisors LLC now owns 47,223 shares of the communications equipment provider’s stock worth $459,000 after buying an additional 9,735 shares during the period. Hedge funds and other institutional investors own 91.01% of the company’s stock.

Viavi Solutions Company Profile

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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