Trading Report: Today: Exfo Inc. (EXFO) Updates Q1 Earnings Guidance

Today: Exfo Inc. (EXFO) Updates Q1 Earnings Guidance

Exfo Inc. (NASDAQ:EXFO) updated its first quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.00-0.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.05. The company issued revenue guidance of $59-64 million, compared to the consensus revenue estimate of $58.69 million.

EXFO has been the topic of a number of research reports. Canaccord Genuity set a $4.00 price objective on Exfo and gave the company a hold rating in a report on Saturday. Zacks Investment Research cut Exfo from a hold rating to a sell rating in a report on Wednesday, July 27th. RBC Capital Markets reissued a sector perform rating and set a $4.25 price objective on shares of Exfo in a report on Wednesday, October 12th. Finally, Royal Bank Of Canada reissued a sector perform rating and set a $5.50 price objective on shares of Exfo in a report on Thursday, June 30th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $4.00.

Exfo Inc. (NASDAQ:EXFO) opened at 4.01 on Monday. The stock has a market capitalization of $216.12 million, a PE ratio of 24.91 and a beta of 0.72. The firm has a 50-day moving average price of $3.62 and a 200-day moving average price of $3.71. Exfo Inc. has a 52 week low of $2.35 and a 52 week high of $4.36.

Exfo (NASDAQ:EXFO) last issued its quarterly earnings results on Wednesday, October 12th. The company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. The business earned $62.90 million during the quarter. Exfo had a return on equity of 5.77% and a net margin of 3.83%. Equities research analysts predict that Exfo Inc. will post $0.19 EPS for the current fiscal year.

An institutional investor recently raised its position in Exfo stock. White Pine Capital LLC raised its position in Exfo Inc. (NASDAQ:EXFO) by 65.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,000 shares of the company’s stock after buying an additional 15,000 shares during the period. White Pine Capital LLC owned approximately 0.07% of Exfo worth $131,000 as of its most recent SEC filing. Institutional investors and hedge funds own 15.07% of the company’s stock.

Exfo Company Profile

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