Q1 EPS Estimates for Lumentum Raised by Northland Securities

Lumentum Holdings Inc. (NASDAQ:LITE) – Research analysts at Northland Securities increased their Q1 2027 earnings per share estimates for shares of Lumentum in a note issued to investors on Wednesday, August 12th. Northland Securities analyst T. Savageaux now expects that the technology company will earn $3.81 per share for the quarter, up from their previous estimate of $3.02. Northland Securities currently has a “Outperform” rating and a $1,200.00 price objective on the stock. The consensus estimate for Lumentum’s current full-year earnings is $16.95 per share. Northland Securities also issued estimates for Lumentum’s Q2 2027 earnings at $4.63 EPS, Q3 2027 earnings at $5.20 EPS, Q4 2027 earnings at $6.20 EPS and FY2027 earnings at $19.81 EPS.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.26. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.The firm’s quarterly revenue was up 109.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS.

Other research analysts also recently issued reports about the company. Weiss Ratings downgraded Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a report on Wednesday. Craig Hallum lifted their target price on shares of Lumentum from $900.00 to $1,150.00 in a research note on Wednesday, May 6th. JPMorgan Chase & Co. boosted their target price on shares of Lumentum from $1,165.00 to $1,280.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Stifel Nicolaus upped their price target on shares of Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Zacks Research cut shares of Lumentum from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Thirteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Lumentum currently has an average rating of “Moderate Buy” and an average target price of $1,044.67.

Lumentum Price Performance

NASDAQ LITE opened at $879.28 on Friday. The company has a market cap of $78.87 billion, a PE ratio of -10.70 and a beta of 1.50. Lumentum has a 52-week low of $115.21 and a 52-week high of $1,085.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68. The firm’s 50 day moving average price is $810.86 and its 200-day moving average price is $789.68.

Hedge Funds Weigh In On Lumentum

A number of institutional investors have recently modified their holdings of the stock. Hilton Head Capital Partners LLC acquired a new stake in Lumentum during the first quarter worth about $25,000. Sachetta LLC grew its stake in shares of Lumentum by 118.8% during the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after purchasing an additional 19 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Lumentum during the 2nd quarter valued at approximately $40,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Lumentum in the 2nd quarter valued at $41,000. Finally, Fiduciary Financial Advisors purchased a new stake in Lumentum during the second quarter worth $42,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insider Buying and Selling

In other Lumentum news, SVP Jae Kim sold 1,366 shares of Lumentum stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $909.43, for a total transaction of $1,242,281.38. Following the completion of the sale, the senior vice president directly owned 45,973 shares in the company, valued at approximately $41,809,225.39. The trade was a 2.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Vincent Retort sold 3,183 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $909.43, for a total transaction of $2,894,715.69. Following the completion of the sale, the insider owned 114,495 shares in the company, valued at $104,125,187.85. The trade was a 2.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 9,965 shares of company stock valued at $8,993,110 over the last quarter. 0.43% of the stock is currently owned by company insiders.

About Lumentum

Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.

Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.