Equities research analysts expect Harmonic Inc (NASDAQ:HLIT) to report $113.03 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Harmonic’s earnings. The highest sales estimate is $114.40 million and the lowest is $112.00 million. Harmonic reported sales of $113.66 million in the same quarter last year, which would suggest a negative year over year growth rate of 0.6%. The firm is expected to report its next earnings report on Monday, February 3rd.

According to Zacks, analysts expect that Harmonic will report full year sales of $393.78 million for the current fiscal year, with estimates ranging from $392.70 million to $395.20 million. For the next fiscal year, analysts anticipate that the company will report sales of $445.95 million, with estimates ranging from $438.30 million to $458.20 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Harmonic.

Harmonic (NASDAQ:HLIT) last issued its quarterly earnings data on Monday, October 28th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.03. The business had revenue of $115.73 million for the quarter, compared to analysts’ expectations of $114.88 million. Harmonic had a positive return on equity of 6.36% and a negative net margin of 2.07%.

A number of equities research analysts recently issued reports on the stock. Northland Securities reaffirmed a “buy” rating and set a $9.00 price target on shares of Harmonic in a research note on Tuesday, October 29th. ValuEngine cut shares of Harmonic from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. BidaskClub downgraded shares of Harmonic from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Zacks Investment Research downgraded shares of Harmonic from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Needham & Company LLC restated a “buy” rating and set a $10.00 target price on shares of Harmonic in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Harmonic has a consensus rating of “Hold” and a consensus price target of $9.00.

Institutional investors and hedge funds have recently modified their holdings of the stock. Aperio Group LLC purchased a new position in Harmonic during the second quarter worth $29,000. Quantamental Technologies LLC purchased a new stake in shares of Harmonic in the second quarter valued at $33,000. Tower Research Capital LLC TRC raised its stake in shares of Harmonic by 562.8% in the second quarter. Tower Research Capital LLC TRC now owns 8,444 shares of the communications equipment provider’s stock valued at $47,000 after acquiring an additional 7,170 shares during the period. Bank of Montreal Can raised its stake in shares of Harmonic by 308,766.7% in the second quarter. Bank of Montreal Can now owns 9,266 shares of the communications equipment provider’s stock valued at $52,000 after acquiring an additional 9,263 shares during the period. Finally, Laurion Capital Management LP bought a new stake in shares of Harmonic in the 2nd quarter worth about $77,000. Institutional investors own 91.74% of the company’s stock.

Shares of HLIT opened at $8.13 on Friday. The company’s fifty day moving average is $7.50 and its 200 day moving average is $6.67. Harmonic has a fifty-two week low of $4.48 and a fifty-two week high of $8.37. The stock has a market capitalization of $746.23 million, a PE ratio of 271.00, a P/E/G ratio of 7.15 and a beta of 0.90. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.42 and a current ratio of 1.62.

Harmonic Company Profile

Harmonic Inc designs, manufactures, and sells video infrastructure products and system solutions worldwide. Its products enable customers to create, prepare, and deliver a range of video and broadband services to consumer devices, including televisions, personal computers, laptops, tablets, and smart phones.

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Earnings History and Estimates for Harmonic (NASDAQ:HLIT)

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