Exfo Inc. (EXFO) Releases Earnings Results, Misses Estimates By $0.01 EPS
Exfo Inc. (NASDAQ:EXFO) issued its quarterly earnings data on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by $0.01. Exfo had a return on equity of 6.50% and a net margin of 3.96%. The firm earned $62.90 million during the quarter, compared to analysts’ expectations of $59.52 million.
Shares of Exfo (NASDAQ:EXFO) traded up 1.56% during mid-day trading on Wednesday, reaching $3.90. 111,184 shares of the company’s stock traded hands. Exfo has a one year low of $2.35 and a one year high of $4.36. The firm’s 50-day moving average is $3.56 and its 200 day moving average is $3.70. The firm has a market cap of $210.19 million, a price-to-earnings ratio of 24.22 and a beta of 0.72.
A hedge fund recently raised its stake in Exfo stock. White Pine Capital LLC raised its stake in Exfo Inc. (NASDAQ:EXFO) by 65.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 38,000 shares of the company’s stock after buying an additional 15,000 shares during the period. White Pine Capital LLC owned approximately 0.07% of Exfo worth $131,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 15.07% of the company’s stock.
A number of analysts recently commented on EXFO shares. Zacks Investment Research cut shares of Exfo from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. Canaccord Genuity reiterated a “hold” rating on shares of Exfo in a research note on Thursday, June 30th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $5.50 target price on shares of Exfo in a research note on Thursday, June 30th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Exfo has a consensus rating of “Hold” and a consensus target price of $3.96.
EXFO Inc, formerly EXFO Electro-Optical Engineering Inc, designs, manufactures and markets test, service assurance and network visibility solutions for fixed and mobile network operators, Web-scale service providers, as well as equipment manufacturers in the global telecommunications industry. The Company focuses on network infrastructures, including fourth generation (4G)/long-term evolution (LTE), wireless backhaul, small cells and distributed antenna systems (DAS), 100G network upgrades and fiber-to-the-home (FTTH)/fiber-to-the-curb (FTTC)/fiber-to-the-node (FTTN) deployments.
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