Lumentum (LITE) Scheduled to Post Quarterly Earnings on Wednesday

Lumentum (NASDAQ:LITE) is set to release its earnings data after the market closes on Wednesday, August 14th. Analysts expect Lumentum to post earnings of $0.03 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Lumentum Trading Up 3.9 %

NASDAQ:LITE opened at $44.94 on Tuesday. The business has a fifty day moving average price of $50.20 and a 200-day moving average price of $48.33. Lumentum has a one year low of $35.35 and a one year high of $60.99. The company has a debt-to-equity ratio of 2.13, a current ratio of 5.20 and a quick ratio of 3.87. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of -8.56, a price-to-earnings-growth ratio of 39.11 and a beta of 0.88.

Analysts Set New Price Targets

Several equities analysts have commented on LITE shares. Barclays lowered their price objective on shares of Lumentum from $40.00 to $38.00 and set an “underweight” rating for the company in a research report on Tuesday, May 7th. JPMorgan Chase & Co. lifted their price target on Lumentum from $57.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday. Needham & Company LLC decreased their price objective on Lumentum from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, May 20th. Susquehanna lifted their target price on Lumentum from $60.00 to $70.00 and gave the stock a “positive” rating in a report on Wednesday, July 17th. Finally, StockNews.com upgraded Lumentum to a “sell” rating in a report on Monday, May 6th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Lumentum has an average rating of “Hold” and an average price target of $53.75.

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 (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.