Viavi Solutions Inc (VIAV) Expected to Post Earnings of $0.16 Per Share

Brokerages predict that Viavi Solutions Inc (NASDAQ:VIAV) will report earnings per share (EPS) of $0.16 for the current quarter, according to Zacks. Four analysts have issued estimates for Viavi Solutions’ earnings. The lowest EPS estimate is $0.16 and the highest is $0.17. Viavi Solutions posted earnings per share of $0.09 in the same quarter last year, which suggests a positive year-over-year growth rate of 77.8%. The company is scheduled to announce its next quarterly earnings report on Thursday, February 7th.

According to Zacks, analysts expect that Viavi Solutions will report full-year earnings of $0.59 per share for the current fiscal year, with EPS estimates ranging from $0.58 to $0.61. For the next year, analysts expect that the company will post earnings of $0.69 per share, with EPS estimates ranging from $0.65 to $0.76. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Viavi Solutions.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Thursday, November 1st. The communications equipment provider reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The firm had revenue of $268.50 million during the quarter, compared to analysts’ expectations of $268.73 million. Viavi Solutions had a negative net margin of 5.92% and a positive return on equity of 12.72%. Viavi Solutions’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 EPS.

Several analysts have commented on the stock. BidaskClub raised shares of Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 4th. Zacks Investment Research raised shares of Viavi Solutions from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a research note on Wednesday, October 17th. ValuEngine raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Stifel Nicolaus assumed coverage on shares of Viavi Solutions in a research note on Monday, October 22nd. They issued a “buy” rating and a $14.00 target price for the company. Finally, Deutsche Bank raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Monday, October 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Viavi Solutions currently has a consensus rating of “Buy” and an average price target of $11.99.

In other news, SVP Gary W. Staley sold 5,185 shares of the business’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $11.22, for a total transaction of $58,175.70. Following the completion of the sale, the senior vice president now directly owns 7,670 shares of the company’s stock, valued at approximately $86,057.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Gary W. Staley sold 4,927 shares of the business’s stock in a transaction on Thursday, October 4th. The shares were sold at an average price of $12.55, for a total transaction of $61,833.85. Following the sale, the senior vice president now directly owns 10,111 shares of the company’s stock, valued at $126,893.05. The disclosure for this sale can be found here. Insiders have sold a total of 124,253 shares of company stock valued at $1,472,556 over the last three months. Corporate insiders own 0.50% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY grew its stake in shares of Viavi Solutions by 7.2% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 73,365 shares of the communications equipment provider’s stock valued at $751,000 after buying an additional 4,958 shares during the period. SG Americas Securities LLC grew its stake in shares of Viavi Solutions by 17.4% during the 2nd quarter. SG Americas Securities LLC now owns 37,173 shares of the communications equipment provider’s stock valued at $381,000 after buying an additional 5,505 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Viavi Solutions by 13.1% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 54,123 shares of the communications equipment provider’s stock valued at $614,000 after buying an additional 6,251 shares during the period. United Services Automobile Association grew its stake in shares of Viavi Solutions by 2.2% during the 3rd quarter. United Services Automobile Association now owns 301,793 shares of the communications equipment provider’s stock valued at $3,422,000 after buying an additional 6,500 shares during the period. Finally, Macquarie Group Ltd. grew its stake in shares of Viavi Solutions by 0.3% during the 2nd quarter. Macquarie Group Ltd. now owns 2,786,563 shares of the communications equipment provider’s stock valued at $28,534,000 after buying an additional 7,114 shares during the period. 89.79% of the stock is owned by institutional investors.

VIAV stock traded down $0.36 during midday trading on Monday, hitting $10.30. The stock had a trading volume of 3,517,411 shares, compared to its average volume of 2,194,197. The stock has a market capitalization of $2.43 billion, a P/E ratio of 30.29 and a beta of 0.88. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.18 and a current ratio of 2.39. Viavi Solutions has a 12-month low of $8.49 and a 12-month 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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