Brokerages expect Avaya Holdings Corp (NYSE:AVYA) to report $761.50 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Avaya’s earnings, with estimates ranging from $755.00 million to $768.00 million. The company is scheduled to issue its next quarterly earnings report on Tuesday, March 5th.
On average, analysts expect that Avaya will report full-year sales of $3.09 billion for the current fiscal year, with estimates ranging from $3.05 billion to $3.11 billion. For the next year, analysts expect that the firm will post sales of $3.12 billion, with estimates ranging from $3.05 billion to $3.21 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Avaya.
Avaya (NYSE:AVYA) last announced its quarterly earnings data on Tuesday, December 4th. The company reported $0.94 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.08. The business had revenue of $770.00 million during the quarter, compared to the consensus estimate of $768.00 million. Avaya had a return on equity of 185.96% and a net margin of 114.49%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis.
AVYA has been the subject of several research analyst reports. Barclays initiated coverage on Avaya in a report on Friday, October 5th. They issued an “equal weight” rating for the company. Zacks Investment Research cut Avaya from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 10th. Goldman Sachs Group began coverage on Avaya in a research note on Monday, December 17th. They set a “neutral” rating and a $20.00 price target for the company. Finally, Morgan Stanley began coverage on Avaya in a research note on Monday, January 7th. They set an “equal weight” rating and a $18.50 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Avaya has an average rating of “Hold” and a consensus target price of $24.07.
A number of large investors have recently added to or reduced their stakes in the business. Raymond James Trust N.A. boosted its stake in shares of Avaya by 7.9% during the fourth quarter. Raymond James Trust N.A. now owns 11,355 shares of the company’s stock valued at $166,000 after acquiring an additional 832 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Avaya by 24.8% during the fourth 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 last quarter. Strs Ohio boosted its stake in Avaya by 3.0% in the 4th quarter. Strs Ohio now owns 58,200 shares of the company’s stock worth $847,000 after buying an additional 1,700 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in Avaya in the 4th quarter worth about $26,000. Finally, Eagle Asset Management Inc. boosted its stake in Avaya by 0.7% in the 3rd quarter. Eagle Asset Management Inc. now owns 604,317 shares of the company’s stock worth $13,379,000 after buying an additional 4,194 shares during the last quarter. Hedge funds and other institutional investors own 98.82% of the company’s stock.
Shares of AVYA stock traded up $0.04 during trading hours on Friday, hitting $16.64. The stock had a trading volume of 5,313 shares, compared to its average volume of 774,064. Avaya has a twelve month low of $13.96 and a twelve month high of $23.76. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.18 and a quick ratio of 1.11.
Avaya Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.