Exfo Inc. (EXFO) Releases Q1 Earnings Guidance
Exfo Inc. (NASDAQ:EXFO) updated its first quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.00-0.04 for the period, compared to the Thomson Reuters consensus estimate of $0.05. The company issued revenue guidance of $59-64 million, compared to the consensus revenue estimate of $58.69 million.
A number of research firms have recently commented on EXFO. RBC Capital Markets reiterated a sector perform rating and set a $4.25 price target on shares of Exfo in a report on Wednesday. Zacks Investment Research upgraded shares of Exfo from a sell rating to a hold rating in a report on Tuesday, August 30th. Canaccord Genuity reiterated a hold rating and set a $4.00 price target on shares of Exfo in a report on Thursday, August 11th. Finally, Royal Bank Of Canada restated a sector perform rating and set a $5.50 price objective on shares of Exfo in a research report on Thursday, June 30th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Exfo presently has an average rating of Hold and an average target price of $4.00.
Exfo Inc. (NASDAQ:EXFO) traded up 3.85% on Thursday, reaching $4.05. 63,023 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $3.58 and a 200 day moving average price of $3.70. The stock has a market cap of $218.28 million, a price-to-earnings ratio of 25.16 and a beta of 0.72. Exfo Inc. has a 12-month low of $2.35 and a 12-month high of $4.36.
Exfo (NASDAQ:EXFO) last posted its earnings results on Wednesday, October 12th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. Exfo had a net margin of 3.96% and a return on equity of 6.50%. The firm earned $62.90 million during the quarter. Analysts forecast that Exfo Inc. will post $0.19 EPS for the current year.
A hedge fund recently raised its stake in Exfo stock. White Pine Capital LLC increased its position in Exfo Inc. (NASDAQ:EXFO) by 65.2% during the second quarter, according to its most recent disclosure 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. 15.07% of the stock is owned by institutional investors and hedge funds.
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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