Exfo Inc. (EXFO) Updates Q1 Earnings Guidance
Exfo Inc. (NASDAQ:EXFO) updated its first quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.00-0.04 for the period, compared to the Thomson Reuters consensus estimate of $0.05. The company issued revenue guidance of $59-64 million, compared to the consensus revenue estimate of $58.69 million.
A number of equities analysts have weighed in on the stock. Zacks Investment Research cut shares of Exfo from a hold rating to a sell rating in a research report on Wednesday, July 27th. Canaccord Genuity reaffirmed a hold rating on shares of Exfo in a research report on Thursday, June 30th. RBC Capital Markets reaffirmed a sector perform rating and set a $4.25 price target on shares of Exfo in a research report on Wednesday. Finally, Royal Bank Of Canada reaffirmed a sector perform rating and set a $5.50 price target on shares of Exfo in a research report on Thursday, June 30th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $4.00.
Shares of Exfo Inc. (NASDAQ:EXFO) traded up 3.85% during trading on Thursday, reaching $4.05. 63,123 shares of the company’s stock were exchanged. The company has a market capitalization of $218.28 million, a PE ratio of 25.16 and a beta of 0.72. The company has a 50 day moving average price of $3.58 and a 200-day moving average price of $3.70. Exfo Inc. has a 52-week low of $2.35 and a 52-week high of $4.36.
Exfo (NASDAQ:EXFO) last announced its earnings results on Wednesday, October 12th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.04. Exfo had a net margin of 3.96% and a return on equity of 6.50%. The company had revenue of $62.90 million for the quarter. On average, equities analysts forecast that Exfo Inc. will post $0.19 earnings per share for the current year.
An institutional investor recently raised its position in Exfo stock. White Pine Capital LLC increased its position in Exfo Inc. (NASDAQ:EXFO) by 65.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,000 shares of the company’s stock after buying an additional 15,000 shares during the period. White Pine Capital LLC owned approximately 0.07% of Exfo worth $131,000 as of its most recent SEC filing. Institutional investors own 15.07% of the company’s stock.
Exfo Company Profile
EXFO Inc, formerly EXFO Electro-Optical Engineering Inc, designs, manufactures and markets test, service assurance and network visibility solutions for fixed and mobile network operators, Web-scale service providers, as well as equipment manufacturers in the global telecommunications industry. The Company focuses on network infrastructures, including fourth generation (4G)/long-term evolution (LTE), wireless backhaul, small cells and distributed antenna systems (DAS), 100G network upgrades and fiber-to-the-home (FTTH)/fiber-to-the-curb (FTTC)/fiber-to-the-node (FTTN) deployments.
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