Aviat Networks, Inc. (NASDAQ:AVNW) Expected to Post Earnings of $0.61 Per Share

Equities analysts predict that Aviat Networks, Inc. (NASDAQ:AVNW) will post earnings of $0.61 per share for the current quarter, Zacks reports. Four analysts have issued estimates for Aviat Networks’ earnings, with the lowest EPS estimate coming in at $0.57 and the highest estimate coming in at $0.67. Aviat Networks reported earnings of $0.74 per share during the same quarter last year, which indicates a negative year over year growth rate of 17.6%. The firm is scheduled to issue its next earnings report after the market closes on Wednesday, February 2nd.

According to Zacks, analysts expect that Aviat Networks will report full year earnings of $2.46 per share for the current year, with EPS estimates ranging from $2.34 to $2.62. For the next year, analysts anticipate that the company will post earnings of $2.60 per share, with EPS estimates ranging from $2.55 to $2.66. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Aviat Networks.

Aviat Networks (NASDAQ:AVNW) last posted its quarterly earnings data on Tuesday, November 2nd. The communications equipment provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.15. The company had revenue of $73.16 million for the quarter, compared to analyst estimates of $69.10 million. Aviat Networks had a return on equity of 17.39% and a net margin of 38.64%. During the same quarter in the previous year, the firm earned $0.62 earnings per share.

A number of research firms have recently weighed in on AVNW. Northland Securities boosted their target price on Aviat Networks from $45.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, October 4th. Zacks Investment Research downgraded Aviat Networks from a “buy” rating to a “hold” rating in a research report on Monday, January 10th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Aviat Networks presently has an average rating of “Buy” and a consensus target price of $46.50.

In other Aviat Networks news, VP Bryan Tucker sold 5,755 shares of the business’s stock in a transaction dated Monday, November 15th. The stock was sold at an average price of $32.06, for a total value of $184,505.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Somesh Singh bought 2,000 shares of the firm’s stock in a transaction on Monday, November 29th. The stock was acquired at an average cost of $30.79 per share, with a total value of $61,580.00. The disclosure for this purchase can be found here. Corporate insiders own 3.70% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. acquired a new position in shares of Aviat Networks during the second quarter worth about $25,000. Legal & General Group Plc acquired a new position in Aviat Networks during the second quarter valued at approximately $25,000. Geneos Wealth Management Inc. acquired a new position in Aviat Networks during the third quarter valued at approximately $28,000. BNP Paribas Arbitrage SA acquired a new position in Aviat Networks during the second quarter valued at approximately $49,000. Finally, Citigroup Inc. boosted its position in Aviat Networks by 43.1% during the third quarter. Citigroup Inc. now owns 1,514 shares of the communications equipment provider’s stock valued at $50,000 after purchasing an additional 456 shares during the last quarter. 55.33% of the stock is owned by institutional investors.

AVNW stock opened at $31.46 on Monday. The company has a market cap of $351.72 million, a P/E ratio of 3.42 and a beta of 1.91. Aviat Networks has a twelve month low of $17.10 and a twelve month high of $43.76. The business has a fifty day moving average of $31.34 and a 200-day moving average of $32.87.

Aviat Networks Company Profile

Aviat Networks, Inc engages in the design, manufacture, and sale of wireless network products and solutions. Its product includes wireless transmission networking systems for microwave and millimeter wave networking applications such as microwave routers, microwave switches, and split mount RF unit. It also offers services such as network planning and design, site surveys and construction, systems integration, installation, maintenance, network monitoring, training, and customer services.

See Also: Preferred Stock

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