Avaya (NYSE:AVYA – Get Rating) issued its quarterly earnings results on Tuesday. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.08), MarketWatch Earnings reports. Avaya had a positive return on equity of 59.67% and a negative net margin of 2.55%. The business had revenue of $716.00 million during the quarter, compared to analyst estimates of $737.62 million. During the same quarter last year, the company posted $0.60 EPS. Avaya’s quarterly revenue was down 3.0% compared to the same quarter last year. Avaya updated its Q3 guidance to $0.48-$0.56 EPS and its FY22 guidance to $2.09-$2.25 EPS.
AVYA stock traded down $1.07 during midday trading on Tuesday, reaching $7.15. The stock had a trading volume of 107,334 shares, compared to its average volume of 1,275,844. The company’s fifty day simple moving average is $11.91 and its 200 day simple moving average is $16.20. The company has a current ratio of 1.45, a quick ratio of 1.40 and a debt-to-equity ratio of 7.42. The company has a market cap of $607.24 million, a price-to-earnings ratio of -7.25 and a beta of 1.60. Avaya has a 52-week low of $7.89 and a 52-week high of $29.55.
A number of equities research analysts have recently commented on AVYA shares. TheStreet cut shares of Avaya from a “c” rating to a “d+” rating in a research note on Wednesday, February 9th. BWS Financial dropped their price objective on shares of Avaya from $40.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, February 10th. Zacks Investment Research raised shares of Avaya from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Wednesday, April 20th. Citigroup dropped their price target on shares of Avaya from $25.00 to $17.00 in a research note on Thursday, February 10th. Finally, Barclays dropped their price target 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. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $22.25.
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.
- Get a free copy of the StockNews.com research report on Avaya (AVYA)
- High-Yield Deep-Value LCI Industries Exceeds All Expectations
- Shopify (NYSE: SHOP) Approaches Key Support Level
- The Low In Lordstown Motors May Not Be The Last
- Follow The Money To Cigna
- Intuitive Surgical is an Intuitive Buy
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.