Wall Street brokerages expect Avaya Holdings Corp (NYSE:AVYA) to announce earnings per share of $0.61 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Avaya’s earnings, with the highest EPS estimate coming in at $0.67 and the lowest estimate coming in at $0.55. Avaya posted earnings of $0.41 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 48.8%. The firm is scheduled to issue its next earnings report on Thursday, August 8th.
On average, analysts expect that Avaya will report full-year earnings of $3.17 per share for the current fiscal year, with EPS estimates ranging from $3.06 to $3.26. For the next financial year, analysts anticipate that the business will post earnings of $2.78 per share, with EPS estimates ranging from $2.67 to $2.88. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Avaya.
Avaya (NYSE:AVYA) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.72. Avaya had a net margin of 6.12% and a return on equity of 15.77%. The firm had revenue of $714.00 million for the quarter, compared to the consensus estimate of $748.47 million. The business’s revenue was down 5.7% on a year-over-year basis.
AVYA has been the topic of a number of analyst reports. Northland Securities reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Avaya in a research report on Friday, May 10th. Guggenheim assumed coverage on shares of Avaya in a research report on Monday, March 11th. They issued a “buy” rating and a $22.00 price objective on the stock. BWS Financial lowered their target price on shares of Avaya from $32.00 to $22.00 and set a “hold” rating for the company in a research note on Friday, May 10th. Finally, Zacks Investment Research upgraded shares of Avaya from a “strong sell” rating to a “hold” rating in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Avaya has a consensus rating of “Hold” and a consensus price target of $21.06.
Hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio lifted its stake in Avaya by 57.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,363 shares of the company’s stock valued at $49,000 after acquiring an additional 1,232 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Avaya by 24.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,585 shares of the company’s stock valued at $110,000 after acquiring an additional 1,506 shares during the period. Quantamental Technologies LLC acquired a new stake in Avaya during the 4th quarter valued at approximately $26,000. Legal & General Group Plc lifted its stake in Avaya by 7.2% during the 4th quarter. Legal & General Group Plc now owns 43,331 shares of the company’s stock valued at $631,000 after acquiring an additional 2,912 shares during the period. Finally, Great West Life Assurance Co. Can lifted its stake in Avaya by 28.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 15,982 shares of the company’s stock valued at $268,000 after acquiring an additional 3,517 shares during the period. Institutional investors own 99.96% of the company’s stock.
Shares of Avaya stock opened at $12.51 on Tuesday. The company has a current ratio of 1.37, a quick ratio of 1.31 and a debt-to-equity ratio of 1.45. Avaya has a 52-week low of $11.80 and a 52-week high of $23.40. The company has a market capitalization of $1.34 billion, a PE ratio of 4.23 and a beta of 2.00.
Avaya Holdings Corp., through its subsidiaries, provides digital communications products, solutions, and services for businesses worldwide. The company operates through two segments, Products & Solutions, and Services. The Products & Solutions segment offers unified communications and contact center platforms, applications, and devices.
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