Brokerages Anticipate Avaya Holdings Corp (AVYA) Will Post Earnings of $0.72 Per Share

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Equities analysts predict that Avaya Holdings Corp (NYSE:AVYA) will post $0.72 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Avaya’s earnings. The highest EPS estimate is $0.79 and the lowest is $0.64. Avaya posted earnings of $0.68 per share in the same quarter last year, which indicates a positive year over year growth rate of 5.9%. The business is scheduled to report its next quarterly earnings results on Thursday, May 9th.

According to Zacks, analysts expect that Avaya will report full-year earnings of $3.27 per share for the current fiscal year, with EPS estimates ranging from $3.24 to $3.30. For the next year, analysts forecast that the firm will report earnings of $3.11 per share, with EPS estimates ranging from $3.07 to $3.14. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Avaya.

Avaya (NYSE:AVYA) last posted its quarterly earnings data on Monday, February 11th. The company reported $0.79 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.09). Avaya had a return on equity of 16.22% and a net margin of 2.08%. The firm had revenue of $738.00 million for the quarter, compared to analyst estimates of $761.50 million.

Several equities research analysts have recently weighed in on AVYA shares. Barclays upgraded shares of Avaya from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $20.00 to $21.00 in a research report on Friday, January 25th. Morgan Stanley initiated coverage on Avaya in a research report on Monday, January 7th. They issued an “equal weight” rating and a $18.50 price target on the stock. Guggenheim initiated coverage on Avaya in a research report on Monday, March 11th. They issued a “buy” rating and a $22.00 price target on the stock. Finally, Zacks Investment Research downgraded Avaya from a “buy” rating to a “hold” rating in a research report on Wednesday, February 6th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $20.92.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Menta Capital LLC acquired a new stake in shares of Avaya in the first quarter valued at approximately $218,000. Skylands Capital LLC lifted its holdings in shares of Avaya by 314.0% during the 1st quarter. Skylands Capital LLC now owns 285,450 shares of the company’s stock worth $4,804,000 after acquiring an additional 216,500 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Avaya by 214.5% during the 1st quarter. SG Americas Securities LLC now owns 160,134 shares of the company’s stock worth $2,695,000 after acquiring an additional 109,225 shares during the period. Bank of Montreal Can lifted its holdings in shares of Avaya by 117.1% during the 1st quarter. Bank of Montreal Can now owns 307,099 shares of the company’s stock worth $5,168,000 after acquiring an additional 165,617 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Avaya by 252.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 24,340 shares of the company’s stock worth $410,000 after acquiring an additional 17,433 shares during the period. Institutional investors and hedge funds own 98.68% of the company’s stock.

Shares of AVYA traded down $0.02 during trading hours on Friday, hitting $18.67. 21,798 shares of the stock were exchanged, compared to its average volume of 1,412,030. Avaya has a fifty-two week low of $12.89 and a fifty-two week high of $23.54. The company has a quick ratio of 1.25, a current ratio of 1.31 and a debt-to-equity ratio of 1.45. The stock has a market cap of $2.11 billion, a PE ratio of 6.77 and a beta of 1.52.

About Avaya

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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