$0.15 Earnings Per Share Expected for Viavi Solutions Inc (VIAV) This Quarter

Equities analysts expect Viavi Solutions Inc (NASDAQ:VIAV) to post earnings of $0.15 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Viavi Solutions’ earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.14. Viavi Solutions posted earnings per share of $0.11 in the same quarter last year, which would suggest a positive year over year growth rate of 36.4%. The company is expected to report its next earnings report after the market closes on Thursday, November 1st.

According to Zacks, analysts expect that Viavi Solutions will report full-year earnings of $0.59 per share for the current year, with EPS estimates ranging from $0.57 to $0.61. For the next fiscal year, analysts anticipate that the business will report earnings of $0.67 per share, with EPS estimates ranging from $0.63 to $0.70. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Viavi Solutions.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Tuesday, August 14th. The communications equipment provider reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The firm had revenue of $264.00 million for the quarter, compared to the consensus estimate of $255.10 million. Viavi Solutions had a positive return on equity of 11.57% and a negative net margin of 5.22%. The company’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 EPS.

Several research firms recently issued reports on VIAV. BidaskClub upgraded Viavi Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 4th. Zacks Investment Research upgraded Viavi Solutions from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective on the stock in a report on Wednesday. ValuEngine upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Deutsche Bank upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a report on Monday, October 1st. Finally, B. Riley boosted their price objective on Viavi Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a report on Monday, August 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $11.59.

In other Viavi Solutions news, SVP Gary W. Staley sold 5,185 shares of the company’s stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $11.22, for a total transaction of $58,175.70. Following the sale, the senior vice president now owns 7,670 shares in the company, valued at approximately $86,057.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Paul Mcnab sold 14,046 shares of the company’s stock in a transaction dated Friday, September 28th. The stock was sold at an average price of $11.25, for a total value of $158,017.50. Following the sale, the executive vice president now owns 110,456 shares in the company, valued at approximately $1,242,630. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,495 shares of company stock worth $1,417,459. 0.50% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its holdings in shares of Viavi Solutions by 6.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,513,323 shares of the communications equipment provider’s stock valued at $15,497,000 after acquiring an additional 91,505 shares during the last quarter. Dorsal Capital Management LLC increased its holdings in shares of Viavi Solutions by 31.9% in the 2nd quarter. Dorsal Capital Management LLC now owns 4,750,000 shares of the communications equipment provider’s stock valued at $48,640,000 after acquiring an additional 1,150,000 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Viavi Solutions in the 2nd quarter valued at about $307,000. Legal & General Group Plc increased its holdings in shares of Viavi Solutions by 2.4% in the 2nd quarter. Legal & General Group Plc now owns 490,240 shares of the communications equipment provider’s stock valued at $4,998,000 after acquiring an additional 11,385 shares during the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of Viavi Solutions in the 2nd quarter valued at about $4,849,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Shares of VIAV stock traded down $0.10 on Tuesday, hitting $12.04. The stock had a trading volume of 1,764,628 shares, compared to its average volume of 2,656,585. The company has a current ratio of 2.05, a quick ratio of 1.89 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $2.74 billion, a PE ratio of 31.68 and a beta of 0.88. Viavi Solutions has a 1 year low of $8.34 and a 1 year high of $12.82.

Viavi Solutions Company Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.

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Earnings History and Estimates for Viavi Solutions (NASDAQ:VIAV)

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