Exfo (NASDAQ:EXFO) Issues Q3 2020 After-Hours Earnings Guidance

Exfo (NASDAQ:EXFO) (TSE:EXF) issued an update on its third quarter 2020
After-Hours earnings guidance on Tuesday morning. The company provided EPS guidance of -0.09–0.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.07. The company issued revenue guidance of $66-71 million, compared to the consensus revenue estimate of $75.25 million.

EXFO remained flat at $$4.02 on Thursday. The company had a trading volume of 1 shares, compared to its average volume of 92,371. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.96 and a current ratio of 1.42. The company has a market capitalization of $222.05 million, a PE ratio of 33.50 and a beta of 1.19. The stock’s fifty day simple moving average is $4.46 and its two-hundred day simple moving average is $4.03. Exfo has a 12-month low of $3.08 and a 12-month high of $4.97.

Exfo (NASDAQ:EXFO) (TSE:EXF) last announced its quarterly earnings results on Tuesday, January 7th. The communications equipment provider reported $0.04 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. The business had revenue of $73.55 million for the quarter, compared to analyst estimates of $71.25 million. Exfo had a return on equity of 6.28% and a net margin of 1.69%. Analysts expect that Exfo will post 0.24 earnings per share for the current fiscal year.

A number of equities research analysts recently commented on the company. ValuEngine lowered Exfo from a hold rating to a sell rating in a research report on Tuesday, January 7th. BidaskClub upgraded Exfo from a sell rating to a hold rating in a report on Tuesday, January 7th. CIBC reissued a hold rating and issued a $5.00 price objective on shares of Exfo in a research report on Wednesday, January 8th. Zacks Investment Research lowered shares of Exfo from a hold rating to a sell rating in a research note on Friday, January 10th. Finally, TD Securities boosted their price target on Exfo from $4.00 to $4.50 and gave the stock a hold rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Exfo presently has a consensus rating of Hold and an average target price of $4.88.

About Exfo

EXFO Inc develops, manufactures, and markets smarter network test, monitoring, and analytics solutions for communications service providers, network equipment manufacturers, and Web-scale operators. It offers field network testing products, such as copper/DSL testing, dispersion analysis, fiber inspection, live fiber detection, network protocol testing, optical power and loss testing, ORL tester, optical time domain reflectometry and iOLM, spectral testing, test function virtualization, and test reporting and automation products, as well as modular test platforms.

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