$738.64 Million in Sales Expected for Avaya Holdings Corp. (NYSE:AVYA) This Quarter

Brokerages predict that Avaya Holdings Corp. (NYSE:AVYAGet Rating) will report sales of $738.64 million for the current quarter, Zacks reports. Four analysts have made estimates for Avaya’s earnings. The highest sales estimate is $739.60 million and the lowest is $737.96 million. Avaya reported sales of $738.00 million during the same quarter last year, which would suggest a positive year over year growth rate of 0.1%. The company is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Avaya will report full-year sales of $2.99 billion for the current fiscal year, with estimates ranging from $2.98 billion to $3.00 billion. For the next financial year, analysts forecast that the firm will report sales of $3.11 billion, with estimates ranging from $3.10 billion to $3.12 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Avaya.

Avaya (NYSE:AVYAGet Rating) last posted its quarterly earnings data on Wednesday, February 9th. The company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.27). Avaya had a negative net margin of 2.55% and a positive return on equity of 59.67%. The firm had revenue of $713.00 million during the quarter, compared to analyst estimates of $736.59 million. During the same period in the previous year, the company posted $0.90 earnings per share.

AVYA has been the topic of a number of analyst reports. Citigroup decreased their price objective on Avaya from $25.00 to $17.00 in a research note on Thursday, February 10th. BWS Financial dropped their price objective on Avaya from $40.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, February 10th. Zacks Investment Research upgraded Avaya from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 12th. Barclays reduced their price objective on Avaya from $20.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday, February 10th. Finally, TheStreet lowered Avaya from a “c” rating to a “d+” rating in a research report on Wednesday, February 9th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $24.13.

NYSE:AVYA opened at $11.63 on Wednesday. Avaya has a 1 year low of $11.29 and a 1 year high of $30.59. The stock has a market capitalization of $987.71 million, a price-to-earnings ratio of -11.63 and a beta of 1.50. The stock has a fifty day moving average price of $13.04 and a two-hundred day moving average price of $17.14. The company has a debt-to-equity ratio of 7.42, a quick ratio of 1.40 and a current ratio of 1.45.

Several institutional investors have recently made changes to their positions in AVYA. Wolverine Asset Management LLC acquired a new position in Avaya during the fourth quarter valued at $58,000. Okabena Investment Services Inc. bought a new stake in shares of Avaya during the 4th quarter worth about $83,000. Financial Management Professionals Inc. lifted its position in shares of Avaya by 127.0% during the 4th quarter. Financial Management Professionals Inc. now owns 5,489 shares of the company’s stock worth $109,000 after purchasing an additional 3,071 shares during the last quarter. National Bank of Canada FI acquired a new position in shares of Avaya during the 4th quarter worth about $123,000. Finally, Versor Investments LP acquired a new position in Avaya in the 4th quarter valued at approximately $204,000.

Avaya Company Profile (Get Rating)

Avaya Holdings Corp., through its subsidiaries, provides digital communications products, solutions, and services for businesses worldwide. The company operates in two segments, Products & Solutions and Services. The Products & Solutions segment offers unified communications and collaboration (UCC), and contact center (CC) platforms, applications, and devices.

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