Analysts Expect Viavi Solutions Inc (VIAV) to Announce $0.07 EPS

Wall Street analysts predict that Viavi Solutions Inc (NASDAQ:VIAV) will post $0.07 earnings per share for the current quarter, according to Zacks. Four analysts have provided estimates for Viavi Solutions’ earnings. The highest EPS estimate is $0.08 and the lowest is $0.07. Viavi Solutions reported earnings per share of $0.10 during the same quarter last year, which would suggest a negative year over year growth rate of 30%. The company is scheduled to report its next earnings report after the market closes on Tuesday, January 30th.

On average, analysts expect that Viavi Solutions will report full year earnings of $0.38 per share for the current year, with EPS estimates ranging from $0.34 to $0.40. For the next fiscal year, analysts expect that the business will report earnings of $0.49 per share, with EPS estimates ranging from $0.42 to $0.52. Zacks’ earnings per share averages are a mean average based on a survey of research firms that cover Viavi Solutions.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.11 EPS for the quarter, beating the consensus estimate of $0.05 by $0.06. Viavi Solutions had a net margin of 10.57% and a return on equity of 8.99%. The company had revenue of $195.20 million for the quarter, compared to analyst estimates of $183.89 million. During the same period in the prior year, the company earned $0.09 earnings per share. The firm’s revenue was down 7.4% on a year-over-year basis.

Several equities research analysts have recently issued reports on VIAV shares. Zacks Investment Research lowered shares of Viavi Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Rosenblatt Securities set a $13.00 target price on shares of Viavi Solutions and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Needham & Company LLC reissued a “hold” rating on shares of Viavi Solutions in a research note on Thursday, October 12th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Viavi Solutions in a research note on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $12.50.

In related news, SVP Luke M. Scrivanich sold 3,920 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $8.97, for a total transaction of $35,162.40. Following the completion of the transaction, the senior vice president now owns 27,629 shares in the company, valued at approximately $247,832.13. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard Belluzzo sold 10,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $9.00, for a total transaction of $90,000.00. Following the transaction, the director now owns 195,651 shares of the company’s stock, valued at approximately $1,760,859. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,713 shares of company stock worth $258,471. Corporate insiders own 0.59% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Viavi Solutions by 10.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,635 shares of the communications equipment provider’s stock worth $112,000 after purchasing an additional 1,003 shares during the last quarter. Hartford Investment Management Co. acquired a new position in shares of Viavi Solutions during the 3rd quarter worth about $102,000. BlueMountain Capital Management LLC acquired a new position in shares of Viavi Solutions during the 2nd quarter worth about $123,000. Commonwealth Equity Services Inc acquired a new position in shares of Viavi Solutions during the 3rd quarter worth about $111,000. Finally, Sciencast Management LP acquired a new position in shares of Viavi Solutions during the 2nd quarter worth about $146,000. Hedge funds and other institutional investors own 92.40% of the company’s stock.

Shares of Viavi Solutions (VIAV) opened at $9.04 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.10 and a current ratio of 2.20. Viavi Solutions has a 12 month low of $8.32 and a 12 month high of $11.89. The stock has a market cap of $2,055.89, a PE ratio of 25.11, a PEG ratio of 1.48 and a beta of 1.20.

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Viavi Solutions Company Profile

Viavi Solutions Inc (Viavi) is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Company also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets.

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Earnings History and Estimates for Viavi Solutions (NASDAQ:VIAV)

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