Exfo Inc (NASDAQ:EXFO) Expected to Post Quarterly Sales of $71.25 Million

Equities analysts predict that Exfo Inc (NASDAQ:EXFO) (TSE:EXF) will announce sales of $71.25 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Exfo’s earnings, with the lowest sales estimate coming in at $70.00 million and the highest estimate coming in at $72.50 million. Exfo posted sales of $69.20 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3%. The company is expected to announce its next quarterly earnings results on Tuesday, January 14th.

According to Zacks, analysts expect that Exfo will report full year sales of $304.05 million for the current financial year, with estimates ranging from $300.00 million to $308.10 million. For the next financial year, analysts expect that the company will post sales of $323.50 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Exfo.

Exfo (NASDAQ:EXFO) (TSE:EXF) last released its quarterly earnings data on Wednesday, October 9th. The communications equipment provider reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. Exfo had a positive return on equity of 3.75% and a negative net margin of 0.86%. The company had revenue of $70.18 million for the quarter, compared to analyst estimates of $69.05 million.

EXFO has been the topic of several research reports. CIBC reissued a “hold” rating and issued a $4.50 price objective on shares of Exfo in a research report on Thursday, October 10th. Zacks Investment Research lowered Exfo from a “hold” rating to a “strong sell” rating in a research report on Friday, October 11th. ValuEngine raised Exfo from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, TD Securities raised their price objective on Exfo from $4.00 to $4.50 and gave the company a “hold” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $4.75.

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Large investors have recently added to or reduced their stakes in the business. River & Mercantile Asset Management LLP purchased a new position in Exfo in the second quarter valued at about $1,444,000. Brandes Investment Partners LP purchased a new stake in shares of Exfo during the second quarter worth about $778,000. BlackRock Inc. purchased a new stake in shares of Exfo during the second quarter worth about $107,000. Royal Bank of Canada increased its position in shares of Exfo by 33.6% during the second quarter. Royal Bank of Canada now owns 14,350 shares of the communications equipment provider’s stock worth $53,000 after acquiring an additional 3,611 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. purchased a new stake in shares of Exfo during the second quarter worth about $96,000. 10.06% of the stock is currently owned by institutional investors.

NASDAQ:EXFO traded down $0.06 during mid-day trading on Wednesday, hitting $4.51. The company had a trading volume of 34,600 shares, compared to its average volume of 25,002. The business has a fifty day simple moving average of $4.22 and a 200-day simple moving average of $3.93. The company has a current ratio of 1.45, a quick ratio of 1.01 and a debt-to-equity ratio of 0.02. Exfo has a 1 year low of $2.74 and a 1 year high of $4.97. The firm has a market capitalization of $253.17 million, a price-to-earnings ratio of 37.58 and a beta of 1.20.

About Exfo

EXFO Inc develops, manufactures, and markets smarter network test, monitoring, and analytics solutions for communications service providers, network equipment manufacturers, and Web-scale operators. It offers field network testing products, such as copper/DSL testing, dispersion analysis, fiber inspection, live fiber detection, network protocol testing, optical power and loss testing, ORL tester, optical time domain reflectometry and iOLM, spectral testing, test function virtualization, and test reporting and automation products, as well as modular test platforms.

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Earnings History and Estimates for Exfo (NASDAQ:EXFO)

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