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The price of Lumentum Holdings Inc (NASDAQ: LITE) closed at $65.09 in the last session, down -0.91% from day before closing price of $65.69. In other words, the price has decreased by -$0.91 from its previous closing price. On the day, 3.28 million shares were traded.
Ratios:
We take a closer look at LITE’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 3.60 and its Current Ratio is at 4.76. In the meantime, Its Debt-to-Equity ratio is 2.99 whereas as Long-Term Debt/Eq ratio is at 2.97.
On January 17, 2025, Barclays Upgraded its rating to Overweight which previously was Underweight and also upped its target price recommendation from $80 to $125.
Needham reiterated its Buy rating for the stock on August 15, 2024, while the target price for the stock was revised from $65 to $70.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 18 ’25 when Ali Wajid sold 2,172 shares for $78.34 per share. The transaction valued at 170,161 led to the insider holds 51,976 shares of the business.
WAJID ALI bought 2,172 shares of LITE for $170,161 on Feb 18 ’25. On Jan 22 ’25, another insider, VINCENT D RETORT, who serves as the Officer of the company, bought 35,153 shares for $99.49 each.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 3.19 while its Price-to-Book (P/B) ratio in mrq is 5.16.
Stock Price History:
Over the past 52 weeks, LITE has reached a high of $104.00, while it has fallen to a 52-week low of $38.28. The 50-Day Moving Average of the stock is -21.38%, while the 200-Day Moving Average is calculated to be -1.97%.
Shares Statistics:
A total of 69.10M shares are outstanding, with a floating share count of 66.15M. Insiders hold about 4.40% of the company’s shares, while institutions hold 112.11% stake in the company.
Earnings Estimates
Lumentum Holdings Inc (LITE) is presently subject to a detailed evaluation by 16.0 analysts, each offering their unique perspectives on its market standing.The consensus estimate for the next quarter is $0.64, with high estimates of $0.81 and low estimates of $0.56.
Analysts are recommending an EPS of between $1.94 and $1.64 for the fiscal current year, implying an average EPS of $1.74. EPS for the following year is $3.73, with 16.0 analysts recommending between $4.22 and $3.1.
Revenue Estimates
According to 14 analysts, the current quarter’s revenue is expected to be $418.19M. It ranges from a high estimate of $424.7M to a low estimate of $412.5M. As of the current estimate, Lumentum Holdings Inc’s year-ago sales were $366.5MFor the next quarter, 14 analysts are estimating revenue of $452.31M. There is a high estimate of $483.6M for the next quarter, whereas the lowest estimate is $442.8M.
A total of 15 analysts have provided revenue estimates for LITE’s current fiscal year. The highest revenue estimate was $1.65B, while the lowest revenue estimate was $1.59B, resulting in an average revenue estimate of $1.61B. In the same quarter a year ago, actual revenue was $1.36BBased on 15 analysts’ estimates, the company’s revenue will be $2.07B in the next fiscal year. The high estimate is $2.17B and the low estimate is $2.01B.
