Brokerages expect Finisar Co. (NASDAQ:FNSR) to post earnings per share of $0.23 for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Finisar’s earnings. The highest EPS estimate is $0.27 and the lowest is $0.18. Finisar posted earnings per share of $0.18 during the same quarter last year, which suggests a positive year-over-year growth rate of 27.8%. The company is expected to announce its next earnings results on Thursday, September 5th.

According to Zacks, analysts expect that Finisar will report full-year earnings of $1.15 per share for the current fiscal year, with EPS estimates ranging from $1.06 to $1.35. For the next year, analysts anticipate that the firm will post earnings of $1.33 per share, with EPS estimates ranging from $1.16 to $1.50. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Finisar.

Finisar (NASDAQ:FNSR) last released its earnings results on Thursday, June 13th. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. The business had revenue of $310.09 million during the quarter, compared to analysts’ expectations of $323.42 million. Finisar had a negative net margin of 4.16% and a positive return on equity of 4.22%.

A number of research firms recently weighed in on FNSR. B. Riley restated a “neutral” rating on shares of Finisar in a research report on Friday, June 14th. Zacks Investment Research lowered shares of Finisar from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 2nd. Stifel Nicolaus set a $23.00 price target on shares of Finisar and gave the stock a “hold” rating in a research report on Friday, June 14th. BidaskClub lowered shares of Finisar from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, MKM Partners lowered their price target on shares of Finisar to $23.00 and set a “neutral” rating on the stock in a research report on Friday, June 14th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $25.40.

FNSR traded up $0.66 on Tuesday, reaching $22.96. 2,457,458 shares of the company’s stock were exchanged, compared to its average volume of 1,488,014. The firm has a market capitalization of $2.65 billion, a PE ratio of 38.92, a PEG ratio of 2.60 and a beta of 1.50. Finisar has a twelve month low of $15.81 and a twelve month high of $24.77. The business has a fifty day moving average price of $23.12. The company has a current ratio of 7.12, a quick ratio of 5.72 and a debt-to-equity ratio of 0.32.

Large investors have recently bought and sold shares of the business. Investors Research Corp acquired a new position in Finisar in the 1st quarter valued at about $37,000. Versant Capital Management Inc boosted its holdings in Finisar by 117.2% in the 1st quarter. Versant Capital Management Inc now owns 2,604 shares of the technology company’s stock valued at $60,000 after purchasing an additional 1,405 shares during the last quarter. Quantamental Technologies LLC acquired a new position in Finisar in the 2nd quarter valued at about $227,000. Supplemental Annuity Collective Trust of NJ boosted its holdings in Finisar by 10.0% in the 2nd quarter. Supplemental Annuity Collective Trust of NJ now owns 11,000 shares of the technology company’s stock valued at $252,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in Finisar by 519.6% in the 2nd quarter. Bank of Montreal Can now owns 11,637 shares of the technology company’s stock valued at $266,000 after purchasing an additional 9,759 shares during the last quarter. Institutional investors own 94.18% of the company’s stock.

About Finisar

Finisar Corporation provides components and subsystems to networking equipment manufacturers, data center operators, telecom service providers, consumer electronics, and automotive companies in the United States, China, Malaysia, and internationally. The company's optical subsystems primarily include transmitters, receivers, transceivers, transponders, and active optical cables, which provide the fundamental optical-electrical or optoelectronic interface for interconnecting the electronic equipment used in wireline networks comprising switches, routers, and servers, as well as wireless networks, such as antennas and base stations.

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Earnings History and Estimates for Finisar (NASDAQ:FNSR)

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