Lumentum (NASDAQ:LITE) Issues Q1 2025 Earnings Guidance

Lumentum (NASDAQ:LITE) issued an update on its first quarter 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.070-0.170 for the period, compared to the consensus EPS estimate of 0.130. The company issued revenue guidance of $315.0 million-$335.0 million, compared to the consensus revenue estimate of $312.6 million. Lumentum also updated its Q1 guidance to $0.07-$0.17 EPS.

Lumentum Price Performance

Shares of LITE traded down $0.71 during trading hours on Wednesday, reaching $45.53. 2,458,358 shares of the company’s stock traded hands, compared to its average volume of 1,334,565. Lumentum has a 12 month low of $35.35 and a 12 month high of $60.99. The stock has a market cap of $3.08 billion, a PE ratio of -8.74, a price-to-earnings-growth ratio of 39.11 and a beta of 0.88. The company has a current ratio of 5.20, a quick ratio of 3.87 and a debt-to-equity ratio of 2.13. The firm’s 50 day simple moving average is $50.26 and its 200-day simple moving average is $48.26.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LITE. Needham & Company LLC lowered their price objective on shares of Lumentum from $60.00 to $55.00 and set a buy rating for the company in a report on Monday, May 20th. StockNews.com raised shares of Lumentum to a sell rating in a report on Monday, May 6th. B. Riley dropped their target price on shares of Lumentum from $41.00 to $40.00 and set a neutral rating for the company in a report on Tuesday, May 7th. Susquehanna boosted their target price on Lumentum from $60.00 to $70.00 and gave the company a positive rating in a research note on Wednesday, July 17th. Finally, Barclays dropped their price target on Lumentum from $40.00 to $38.00 and set an underweight rating for the company in a research note on Tuesday, May 7th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $53.75.

About Lumentum

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.