Exfo Inc. (EXFO) Releases Earnings Results, Misses Estimates By $0.01 EPS

Exfo Inc. (NASDAQ:EXFO) released its earnings results on Wednesday. The company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.01. Exfo had a return on equity of 6.50% and a net margin of 3.96%. The firm had revenue of $62.90 million for the quarter, compared to analysts’ expectations of $59.52 million.

Shares of Exfo (NASDAQ:EXFO) traded up 1.56% during trading on Wednesday, hitting $3.90. 111,184 shares of the stock were exchanged. The stock has a market cap of $210.19 million, a PE ratio of 24.22 and a beta of 0.72. The stock’s 50 day moving average price is $3.56 and its 200 day moving average price is $3.70. Exfo has a one year low of $2.35 and a one year high of $4.36.

Earnings History for Exfo (NASDAQ:EXFO)

EXFO has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Exfo from a “sell” rating to a “hold” rating in a research note on Tuesday, August 30th. Canaccord Genuity restated a “hold” rating and set a $4.00 target price on shares of Exfo in a research note on Thursday, August 11th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $5.50 target price on shares of Exfo in a research note on Thursday, June 30th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Exfo has a consensus rating of “Hold” and an average target price of $3.96.

An institutional investor recently raised its position in Exfo stock. White Pine Capital LLC boosted its stake in shares of Exfo Inc. (NASDAQ:EXFO) by 65.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,000 shares of the company’s stock after buying an additional 15,000 shares during the period. White Pine Capital LLC owned about 0.07% of Exfo worth $131,000 at the end of the most recent quarter. Institutional investors and hedge funds own 15.07% of the company’s stock.

Exfo Company Profile

EXFO Inc, formerly EXFO Electro-Optical Engineering Inc, designs, manufactures and markets test, service assurance and network visibility solutions for fixed and mobile network operators, Web-scale service providers, as well as equipment manufacturers in the global telecommunications industry. The Company focuses on network infrastructures, including fourth generation (4G)/long-term evolution (LTE), wireless backhaul, small cells and distributed antenna systems (DAS), 100G network upgrades and fiber-to-the-home (FTTH)/fiber-to-the-curb (FTTC)/fiber-to-the-node (FTTN) deployments.

5 Day Chart for NASDAQ:EXFO

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