Brokerages expect Mitel Networks Corp (NASDAQ:MITL) (TSE:MNW) to report earnings per share (EPS) of $0.29 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Mitel Networks’ earnings. The lowest EPS estimate is $0.28 and the highest is $0.29. Mitel Networks reported earnings per share of $0.22 in the same quarter last year, which indicates a positive year-over-year growth rate of 31.8%. The business is scheduled to report its next quarterly earnings results before the market opens on Thursday, February 22nd.

On average, analysts expect that Mitel Networks will report full-year earnings of $0.66 per share for the current financial year, with EPS estimates ranging from $0.64 to $0.67. For the next fiscal year, analysts expect that the company will report earnings of $1.04 per share, with EPS estimates ranging from $1.02 to $1.05. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Mitel Networks.

MITL has been the topic of several research analyst reports. GARP Research initiated coverage on Mitel Networks in a research note on Tuesday, December 19th. They issued a “buy” rating on the stock. Craig Hallum initiated coverage on Mitel Networks in a research note on Thursday, December 14th. They issued a “buy” rating and a $14.00 price objective on the stock. TheStreet cut Mitel Networks from a “b” rating to a “c” rating in a research note on Tuesday, November 14th. Zacks Investment Research raised Mitel Networks from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $8.50 price objective on shares of Mitel Networks in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $12.17.

Mitel Networks (MITL) opened at $8.75 on Thursday. Mitel Networks has a 52 week low of $6.21 and a 52 week high of $9.17. The stock has a market capitalization of $994.96, a P/E ratio of -4.25 and a beta of 2.59. The company has a quick ratio of 0.77, a current ratio of 1.00 and a debt-to-equity ratio of 1.94.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James & Associates boosted its position in Mitel Networks by 53.4% during the 4th quarter. Raymond James & Associates now owns 394,099 shares of the communications equipment provider’s stock valued at $3,243,000 after acquiring an additional 137,141 shares in the last quarter. Ardsley Advisory Partners bought a new stake in Mitel Networks during the 4th quarter valued at $3,580,000. HBK Investments L P boosted its position in Mitel Networks by 274.3% during the 4th quarter. HBK Investments L P now owns 209,999 shares of the communications equipment provider’s stock valued at $1,728,000 after acquiring an additional 153,899 shares in the last quarter. Ellington Management Group LLC boosted its position in Mitel Networks by 14.3% during the 4th quarter. Ellington Management Group LLC now owns 55,300 shares of the communications equipment provider’s stock valued at $455,000 after acquiring an additional 6,900 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Mitel Networks by 861.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 195,893 shares of the communications equipment provider’s stock valued at $1,612,000 after acquiring an additional 175,525 shares in the last quarter. 81.14% of the stock is currently owned by institutional investors and hedge funds.

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About Mitel Networks

Mitel Networks Corporation is a provider of business communications and collaboration software, services and solutions. The Company’s segments include Cloud and Enterprise. The Enterprise segment sells and supports products and services for premise-based customers. The Cloud segment sells and supports products that are deployed in a cloud environment.

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