Avaya (AVYA) to Release Earnings on Tuesday

Avaya (NYSE:AVYAGet Rating) will be announcing its earnings results before the market opens on Tuesday, May 10th. Analysts expect the company to announce earnings of $0.50 per share for the quarter. Avaya has set its Q2 2022 guidance at $0.580-$0.660 EPS and its FY 2022 guidance at $2.720-$2.880 EPS.Parties interested in participating in the company’s conference call can do so using this link.

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 Zacks’ consensus estimate of $0.69 by ($0.27). Avaya had a positive return on equity of 59.67% and a negative net margin of 2.55%. The firm had revenue of $713.00 million during the quarter, compared to analysts’ expectations of $736.59 million. During the same period last year, the company earned $0.90 earnings per share. On average, analysts expect Avaya to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Avaya stock traded down $0.21 during midday trading on Tuesday, reaching $9.63. The stock had a trading volume of 1,914 shares, compared to its average volume of 941,400. The firm has a market cap of $817.88 million, a price-to-earnings ratio of -9.76 and a beta of 1.60. The company has a fifty day moving average of $12.32 and a 200 day moving average of $16.55. Avaya has a 52-week low of $9.09 and a 52-week high of $30.32. The company has a quick ratio of 1.40, a current ratio of 1.45 and a debt-to-equity ratio of 7.42.

A number of equities analysts have recently commented on AVYA shares. Zacks Investment Research raised shares of Avaya from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Wednesday, April 20th. Citigroup dropped their price objective on shares of Avaya from $25.00 to $17.00 in a research note on Thursday, February 10th. Barclays dropped their price objective on shares of Avaya from $16.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 26th. BWS Financial dropped their target price on Avaya from $40.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, February 10th. Finally, TheStreet lowered Avaya from a “c” rating to a “d+” rating in a research report on Wednesday, February 9th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Avaya currently has an average rating of “Buy” and an average target price of $22.25.

Hedge funds have recently made changes to their positions in the company. LPL Financial LLC increased its holdings in shares of Avaya by 4.8% in the third quarter. LPL Financial LLC now owns 14,640 shares of the company’s stock valued at $290,000 after purchasing an additional 671 shares during the period. Vident Investment Advisory LLC increased its holdings in shares of Avaya by 10.9% in the fourth quarter. Vident Investment Advisory LLC now owns 15,843 shares of the company’s stock valued at $314,000 after purchasing an additional 1,552 shares during the period. Parametric Portfolio Associates LLC increased its holdings in shares of Avaya by 10.2% in the fourth quarter. Parametric Portfolio Associates LLC now owns 103,095 shares of the company’s stock valued at $2,041,000 after purchasing an additional 9,548 shares during the period. Weiss Multi Strategy Advisers LLC acquired a new position in shares of Avaya in the fourth quarter valued at about $2,201,000. Finally, California State Teachers Retirement System increased its holdings in shares of Avaya by 2.1% in the fourth quarter. California State Teachers Retirement System now owns 116,143 shares of the company’s stock valued at $2,300,000 after purchasing an additional 2,380 shares during the period.

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.

Featured Articles

Earnings History for Avaya (NYSE:AVYA)

Receive News & Ratings for Avaya Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avaya and related companies with MarketBeat.com's FREE daily email newsletter.