Exfo Inc (NASDAQ:EXFO) (TSE:EXF) – Equities research analysts at National Bank Financial issued their Q2 2020 earnings per share (EPS) estimates for shares of Exfo in a research report issued on Wednesday, January 8th. National Bank Financial analyst R. Tse forecasts that the communications equipment provider will post earnings of $0.00 per share for the quarter.
A number of other research firms also recently issued reports on EXFO. BidaskClub upgraded shares of Exfo from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. TD Securities increased their target price on shares of Exfo from $4.00 to $4.50 and gave the stock a “hold” rating in a research report on Thursday, October 10th. Zacks Investment Research downgraded shares of Exfo from a “hold” rating to a “sell” rating in a research report on Friday, January 10th. ValuEngine downgraded shares of Exfo from a “hold” rating to a “sell” rating in a report on Tuesday, January 7th. Finally, CIBC restated a “hold” rating and set a $5.00 price target on shares of Exfo in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $4.88.
EXFO stock opened at $4.00 on Monday. Exfo has a 12-month low of $3.08 and a 12-month high of $4.97. The company has a quick ratio of 0.96, a current ratio of 1.42 and a debt-to-equity ratio of 0.02. The company has a market cap of $231.48 million, a price-to-earnings ratio of 33.33 and a beta of 1.19. The company has a 50 day moving average of $4.47 and a two-hundred day moving average of $4.03.
Exfo (NASDAQ:EXFO) (TSE:EXF) last released its earnings results on Tuesday, January 7th. The communications equipment provider reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. Exfo had a net margin of 1.69% and a return on equity of 6.28%. The company had revenue of $73.55 million during the quarter, compared to the consensus estimate of $71.25 million.
Several institutional investors have recently added to or reduced their stakes in EXFO. River & Mercantile Asset Management LLP bought a new position in shares of Exfo during the 2nd quarter valued at $1,444,000. BlackRock Inc. bought a new position in shares of Exfo during the 2nd quarter valued at $107,000. Meritage Portfolio Management bought a new position in shares of Exfo during the 3rd quarter valued at $52,000. Finally, Royal Bank of Canada raised its holdings in shares of Exfo by 33.6% during the 2nd quarter. Royal Bank of Canada now owns 14,350 shares of the communications equipment provider’s stock valued at $53,000 after purchasing an additional 3,611 shares in the last quarter. Institutional investors and hedge funds own 10.04% of the company’s stock.
Exfo Company Profile
EXFO Inc develops, manufactures, and markets smarter network test, monitoring, and analytics solutions for communications service providers, network equipment manufacturers, and Web-scale operators. It offers field network testing products, such as copper/DSL testing, dispersion analysis, fiber inspection, live fiber detection, network protocol testing, optical power and loss testing, ORL tester, optical time domain reflectometry and iOLM, spectral testing, test function virtualization, and test reporting and automation products, as well as modular test platforms.
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