The Exfo Inc. (EXFO) Announces Earnings Results, Hits Estimates

The Exfo Inc. (EXFO) Announces  Earnings Results, Hits Estimates

Exfo Inc. (NASDAQ:EXFO) announced its earnings results on Wednesday. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The company had revenue of $62.90 million for the quarter. Exfo had a return on equity of 6.50% and a net margin of 3.96%.

Exfo (NASDAQ:EXFO) opened at 4.02 on Friday. The stock has a 50 day moving average price of $3.60 and a 200-day moving average price of $3.71. The firm has a market capitalization of $216.66 million, a P/E ratio of 24.97 and a beta of 0.72. Exfo has a 52 week low of $2.35 and a 52 week high of $4.36.

EXFO has been the topic of several research analyst reports. Zacks Investment Research upgraded Exfo from a “sell” rating to a “hold” rating in a report on Tuesday, August 23rd. Royal Bank Of Canada restated a “sector perform” rating and set a $5.50 target price on shares of Exfo in a report on Thursday, June 30th. RBC Capital Markets restated a “sector perform” rating and set a $4.25 target price on shares of Exfo in a report on Wednesday. Finally, Canaccord Genuity restated a “hold” rating and set a $4.00 target price on shares of Exfo in a report on Thursday, August 11th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $4.00.

Hedge funds have recently bought and sold shares of the stock. White Pine Capital LLC boosted its stake in Exfo by 65.2% in the second quarter. White Pine Capital LLC now owns 38,000 shares of the company’s stock valued at $131,000 after buying an additional 15,000 shares during the last quarter. Summit Partners Public Asset Management LLC purchased a new stake in Exfo during the first quarter valued at $255,000. Finally, Hillsdale Investment Management Inc. boosted its stake in Exfo by 22.9% in the second quarter. Hillsdale Investment Management Inc. now owns 286,600 shares of the company’s stock valued at $991,000 after buying an additional 53,400 shares during the last quarter. 15.07% of the stock is currently owned by institutional investors and hedge funds.

Exfo Company Profile

Related posts

Leave a Comment