DASAN Zhone Solutions Inc (NASDAQ:DZSI) Expected to Post Quarterly Sales of $84.41 Million
Equities research analysts expect DASAN Zhone Solutions Inc (NASDAQ:DZSI) to announce $84.41 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for DASAN Zhone Solutions’ earnings, with the highest sales estimate coming in at $85.00 million and the lowest estimate coming in at $83.82 million. DASAN Zhone Solutions reported sales of $76.26 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.7%. The company is scheduled to announce its next earnings results on Thursday, August 8th.
According to Zacks, analysts expect that DASAN Zhone Solutions will report full year sales of $353.90 million for the current financial year, with estimates ranging from $352.81 million to $355.00 million. For the next fiscal year, analysts anticipate that the business will report sales of $393.89 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for DASAN Zhone Solutions.
DASAN Zhone Solutions (NASDAQ:DZSI) last issued its quarterly earnings data on Thursday, May 9th. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.25. DASAN Zhone Solutions had a return on equity of 5.25% and a net margin of 0.10%. The firm had revenue of $74.09 million during the quarter, compared to the consensus estimate of $73.00 million.
In other news, CFO Mikhail Golomb bought 10,256 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was bought at an average price of $9.75 per share, for a total transaction of $99,996.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 66.10% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC acquired a new stake in shares of DASAN Zhone Solutions during the fourth quarter worth $85,000. Charles Schwab Investment Management Inc. grew its stake in shares of DASAN Zhone Solutions by 40.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 15,470 shares of the communications equipment provider’s stock worth $166,000 after purchasing an additional 4,470 shares during the period. Bank of New York Mellon Corp grew its stake in shares of DASAN Zhone Solutions by 17.4% during the fourth quarter. Bank of New York Mellon Corp now owns 22,356 shares of the communications equipment provider’s stock worth $311,000 after purchasing an additional 3,320 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of DASAN Zhone Solutions during the first quarter worth $240,000. Finally, Geode Capital Management LLC grew its stake in shares of DASAN Zhone Solutions by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 46,542 shares of the communications equipment provider’s stock worth $647,000 after purchasing an additional 2,744 shares during the period. Institutional investors own 16.02% of the company’s stock.
DZSI traded down $0.35 during trading on Friday, hitting $12.79. The company’s stock had a trading volume of 61,300 shares, compared to its average volume of 44,896. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.53 and a current ratio of 1.99. DASAN Zhone Solutions has a 12 month low of $9.10 and a 12 month high of $15.59. The company has a market cap of $218.22 million, a price-to-earnings ratio of 63.95 and a beta of 0.44.
About DASAN Zhone Solutions
DASAN Zhone Solutions, Inc provides network access solutions and communications platforms for service provider and enterprise networks worldwide. It offers broadband access products, including customer premise equipment, such as digital subscriber line (DSL) modems; Ethernet access demarcation devices; and gigabit passive optical network (GPON) and 10G point-to-point active Ethernet optical network terminals.
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