Avaya (NYSE:AVYA) issued an update on its third quarter 2021 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.660-0.730 for the period, compared to the Thomson Reuters consensus estimate of $0.800. The company issued revenue guidance of $720 million-$735 million, compared to the consensus revenue estimate of $730.19 million.Avaya also updated its FY 2021 guidance to 3.020-3.200 EPS.
Avaya stock traded up $0.47 during midday trading on Friday, reaching $26.40. 859,941 shares of the company’s stock were exchanged, compared to its average volume of 1,238,981. Avaya has a 52 week low of $11.45 and a 52 week high of $34.06. The company has a debt-to-equity ratio of 12.23, a quick ratio of 1.34 and a current ratio of 1.39. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of -3.61 and a beta of 1.72. The stock’s 50-day simple moving average is $28.73 and its 200 day simple moving average is $24.45.
Avaya (NYSE:AVYA) last posted its quarterly earnings results on Wednesday, May 5th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). Avaya had a positive return on equity of 22.43% and a negative net margin of 23.67%. The business had revenue of $738.00 million for the quarter, compared to the consensus estimate of $717.52 million. During the same quarter in the previous year, the business posted ($7.24) EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Research analysts forecast that Avaya will post 4.06 earnings per share for the current year.
Avaya Company Profile
Avaya Holdings Corp., through its subsidiaries, provides digital communications products, solutions, and services for businesses worldwide. The company operates through two segments, Products & Solutions and Services. The Products & Solutions segment offers unified communications and contact center platforms, applications, and devices.
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