Viavi Solutions Inc (VIAV) Expected to Post Earnings of $0.13 Per Share

Brokerages predict that Viavi Solutions Inc (NASDAQ:VIAV) will report earnings per share (EPS) of $0.13 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Viavi Solutions’ earnings. The lowest EPS estimate is $0.12 and the highest is $0.14. Viavi Solutions also posted earnings of $0.13 per share during the same quarter last year. The company is expected to issue its next quarterly earnings results after the market closes on Thursday, May 2nd.

On average, analysts expect that Viavi Solutions will report full-year earnings of $0.65 per share for the current year, with EPS estimates ranging from $0.64 to $0.66. For the next year, analysts anticipate that the business will report earnings of $0.71 per share, with EPS estimates ranging from $0.65 to $0.75. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Viavi Solutions.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Tuesday, February 5th. The communications equipment provider reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.06. The firm had revenue of $298.40 million during the quarter, compared to the consensus estimate of $280.93 million. Viavi Solutions had a positive return on equity of 15.82% and a negative net margin of 3.76%. The firm’s revenue was up 47.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 EPS.

A number of equities analysts have recently issued reports on VIAV shares. BidaskClub downgraded Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 5th. Rosenblatt Securities restated a “buy” rating and issued a $15.00 price target on shares of Viavi Solutions in a report on Sunday, February 10th. Northland Securities initiated coverage on Viavi Solutions in a report on Tuesday, February 12th. They issued an “outperform” rating and a $15.00 price target on the stock. ValuEngine upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Finally, TheStreet upgraded Viavi Solutions from a “c” rating to a “b-” rating in a report on Wednesday, February 6th. One analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $12.88.

VIAV traded down $0.13 on Friday, hitting $12.69. 1,728,032 shares of the company traded hands, compared to its average volume of 2,115,591. The company has a quick ratio of 2.70, a current ratio of 2.99 and a debt-to-equity ratio of 0.80. The company has a market cap of $2.89 billion, a PE ratio of 37.32 and a beta of 0.88. Viavi Solutions has a 12-month low of $9.11 and a 12-month high of $13.48.

In related news, SVP Luke M. Scrivanich sold 4,810 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $13.29, for a total value of $63,924.90. Following the sale, the senior vice president now owns 45,456 shares in the company, valued at approximately $604,110.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 6,915 shares of company stock worth $91,685. Insiders own 0.50% of the company’s stock.

Large investors have recently made changes to their positions in the business. Arizona State Retirement System grew its holdings in Viavi Solutions by 7.0% during the 4th quarter. Arizona State Retirement System now owns 351,767 shares of the communications equipment provider’s stock valued at $3,535,000 after buying an additional 22,892 shares during the last quarter. Vanguard Group Inc grew its holdings in Viavi Solutions by 1.8% during the 3rd quarter. Vanguard Group Inc now owns 23,357,949 shares of the communications equipment provider’s stock valued at $264,879,000 after buying an additional 418,120 shares during the last quarter. Prudential Financial Inc. grew its holdings in Viavi Solutions by 28.9% during the 4th quarter. Prudential Financial Inc. now owns 510,902 shares of the communications equipment provider’s stock valued at $5,135,000 after buying an additional 114,643 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Viavi Solutions by 11.1% during the 4th quarter. Victory Capital Management Inc. now owns 2,472,725 shares of the communications equipment provider’s stock valued at $24,851,000 after buying an additional 247,285 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its holdings in Viavi Solutions by 69.6% during the 4th quarter. Westfield Capital Management Co. LP now owns 1,993,944 shares of the communications equipment provider’s stock valued at $20,039,000 after buying an additional 818,549 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

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.

See Also: Limitations of the P/E Growth ratio

Get a free copy of the Zacks research report on Viavi Solutions (VIAV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Viavi Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viavi Solutions and related companies with MarketBeat.com's FREE daily email newsletter.