Viavi Solutions Inc. (NASDAQ:VIAV) Expected to Announce Earnings of $0.21 Per Share

Brokerages expect Viavi Solutions Inc. (NASDAQ:VIAV – Get Rating) to announce earnings per share (EPS) of $0.21 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Viavi Solutions’ earnings. Viavi Solutions posted earnings per share of $0.18 in the same quarter last year, which would suggest a positive year-over-year growth rate of 16.7%. The company is scheduled to announce its next quarterly earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Viavi Solutions will report full-year earnings of $0.92 per share for the current financial year, with EPS estimates ranging from $0.91 to $0.93. For the next year, analysts forecast that the firm will post earnings of $0.96 per share, with EPS estimates ranging from $0.90 to $1.01. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Viavi Solutions.

Viavi Solutions (NASDAQ:VIAV – Get Rating) last announced its quarterly earnings results on Thursday, February 3rd. The communications equipment provider reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.06. The firm had revenue of $314.80 million for the quarter, compared to analyst estimates of $303.60 million. Viavi Solutions had a negative net margin of 0.82% and a positive return on equity of 20.49%. During the same quarter in the previous year, the firm posted $0.18 earnings per share.

A number of equities analysts have issued reports on VIAV shares. TheStreet cut Viavi Solutions from a “b” rating to a “c+” rating in a report on Wednesday, March 9th. JPMorgan Chase & Co. increased their price objective on Viavi Solutions from $18.00 to $19.00 in a report on Thursday, January 20th. B. Riley boosted their target price on Viavi Solutions from $19.50 to $21.00 in a research note on Friday, February 4th. Finally, StockNews.com started coverage on shares of Viavi Solutions in a research note on Thursday, March 31st. They set a “strong-buy” rating for the company. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $20.50.

In other news, Director Richard Belluzzo sold 2,450 shares of the company’s stock in a transaction dated Monday, February 7th. The shares were sold at an average price of $17.07, for a total value of $41,821.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Luke M. Scrivanich sold 6,690 shares of Viavi Solutions stock in a transaction dated Wednesday, March 16th. The stock was sold at an average price of $15.75, for a total value of $105,367.50. The disclosure for this sale can be found here. Insiders have sold 16,798 shares of company stock worth $274,671 in the last quarter. 1.63% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Xponance Inc. raised its position in shares of Viavi Solutions by 5.1% in the fourth quarter. Xponance Inc. now owns 12,803 shares of the communications equipment provider’s stock valued at $226,000 after purchasing an additional 623 shares during the period. Metropolitan Life Insurance Co NY grew its stake in Viavi Solutions by 1.2% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 60,815 shares of the communications equipment provider’s stock valued at $1,072,000 after buying an additional 694 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in Viavi Solutions by 89.3% in the 4th quarter. First Horizon Advisors Inc. now owns 1,505 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 710 shares during the period. First Republic Investment Management Inc. lifted its position in Viavi Solutions by 3.5% during the third quarter. First Republic Investment Management Inc. now owns 22,298 shares of the communications equipment provider’s stock worth $351,000 after acquiring an additional 756 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in shares of Viavi Solutions by 4.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 23,076 shares of the communications equipment provider’s stock worth $407,000 after acquiring an additional 991 shares during the period. 94.12% of the stock is owned by institutional investors.

VIAV opened at $14.34 on Monday. The company has a market cap of $3.30 billion, a PE ratio of -239.00 and a beta of 0.70. Viavi Solutions has a 12 month low of $14.24 and a 12 month high of $18.14. The company has a fifty day moving average of $15.64. The company has a quick ratio of 3.74, a current ratio of 4.14 and a debt-to-equity ratio of 0.98.

About Viavi Solutions (Get Rating)

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, government, and avionics customers worldwide. The company operates through three segments: Network Enablement (NE), Service Enablement (SE), and Optical Security and Performance Products (OSP) segments.

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