B. Riley Has Positive Outlook of Lumentum FY2025 Earnings

Lumentum Holdings Inc. (NASDAQ:LITE) – Equities research analysts at B. Riley boosted their FY2025 earnings per share estimates for shares of Lumentum in a research note issued on Wednesday, June 4th. B. Riley analyst D. Kang now anticipates that the technology company will earn ($0.36) per share for the year, up from their previous forecast of ($0.43). B. Riley currently has a “Neutral” rating and a $73.00 price target on the stock. The consensus estimate for Lumentum’s current full-year earnings is $0.03 per share. B. Riley also issued estimates for Lumentum’s Q4 2025 earnings at $0.09 EPS, Q1 2026 earnings at $0.32 EPS, Q2 2026 earnings at $0.48 EPS, Q3 2026 earnings at $0.53 EPS, Q4 2026 earnings at $0.63 EPS and FY2026 earnings at $1.97 EPS.

Several other equities research analysts have also commented on LITE. Needham & Company LLC reduced their price objective on Lumentum from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. Northland Securities set a $80.00 price objective on Lumentum in a research report on Wednesday, May 7th. Barclays set a $75.00 price objective on Lumentum and gave the company an “overweight” rating in a research report on Wednesday, May 7th. BNP Paribas upgraded Lumentum from a “neutral” rating to an “outperform” rating and set a $92.00 price objective for the company in a research report on Tuesday, March 11th. Finally, Northland Capmk raised shares of Lumentum from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Lumentum currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.80.

Lumentum Price Performance

NASDAQ LITE opened at $81.96 on Monday. The company has a debt-to-equity ratio of 2.94, a current ratio of 4.76 and a quick ratio of 3.60. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of -10.66 and a beta of 1.28. Lumentum has a 1-year low of $38.29 and a 1-year high of $104.00. The business’s fifty day moving average price is $65.91 and its 200-day moving average price is $74.96.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.07. The business had revenue of $425.20 million for the quarter, compared to analysts’ expectations of $418.18 million. Lumentum had a negative return on equity of 7.25% and a negative net margin of 36.98%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 EPS.

Hedge Funds Weigh In On Lumentum

Several hedge funds and other institutional investors have recently bought and sold shares of LITE. Jones Financial Companies Lllp raised its stake in Lumentum by 54.2% during the fourth quarter. Jones Financial Companies Lllp now owns 370 shares of the technology company’s stock worth $31,000 after purchasing an additional 130 shares during the period. CoreCap Advisors LLC increased its stake in Lumentum by 2,235.3% during the fourth quarter. CoreCap Advisors LLC now owns 397 shares of the technology company’s stock worth $33,000 after acquiring an additional 380 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in Lumentum during the first quarter worth about $25,000. Rakuten Securities Inc. increased its stake in Lumentum by 164.4% during the first quarter. Rakuten Securities Inc. now owns 476 shares of the technology company’s stock worth $30,000 after acquiring an additional 296 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its stake in Lumentum by 103.2% during the first quarter. Golden State Wealth Management LLC now owns 512 shares of the technology company’s stock worth $32,000 after acquiring an additional 260 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Lumentum

In other news, Director Alan S. Lowe sold 10,000 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $83.58, for a total value of $835,800.00. Following the transaction, the director now owns 270,471 shares in the company, valued at approximately $22,605,966.18. This represents a 3.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jae Kim sold 4,577 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $77.98, for a total value of $356,914.46. Following the transaction, the senior vice president now owns 31,534 shares in the company, valued at $2,459,021.32. This represents a 12.67% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,520 shares of company stock worth $2,103,278. 0.19% of the stock is currently owned by company insiders.

About Lumentum

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.