Balance Sheet Dive: Lumentum Holdings Inc (LITE)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

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After finishing at $95.65 in the prior trading day, Lumentum Holdings Inc (NASDAQ: LITE) closed at $74.17, down -22.46%. In other words, the price has decreased by -$22.46 from its previous closing price. On the day, 7.62 million shares were traded. LITE stock price reached its highest trading level at $88.85 during the session, while it also had its lowest trading level at $71.05.

Ratios:

Our goal is to gain a better understanding of LITE by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.04 and its Current Ratio is at 5.36. In the meantime, Its Debt-to-Equity ratio is 2.93 whereas as Long-Term Debt/Eq ratio is at 2.90.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Barclays on January 17, 2025, Upgraded its rating to Overweight and sets its target price to $125 from $80 previously.

On August 15, 2024, Needham reiterated its Buy rating and also lowered its target price recommendation from $65 to $70.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 22 ’25 when VINCENT D RETORT bought 35,153 shares for $99.49 per share.

Ali Wajid sold 29,887 shares of LITE for $2,542,159 on Nov 29 ’24. The EVP & CHIEF FINANCIAL OFFICER now owns 56,492 shares after completing the transaction at $85.06 per share. On Nov 29 ’24, another insider, WAJID ALI, who serves as the Officer of the company, bought 29,887 shares for $85.06 each.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LITE now has a Market Capitalization of 5095478784 and an Enterprise Value of 8276754944. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.70 while its Price-to-Book (P/B) ratio in mrq is 5.68. Its current Enterprise Value per Revenue stands at 6.004 whereas that against EBITDA is -121.005.

Stock Price History:

The Beta on a monthly basis for LITE is 0.96, which has changed by 0.7160028 over the last 52 weeks, in comparison to a change of 0.23883796 over the same period for the S&P500. 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 -15.31%, while the 200-Day Moving Average is calculated to be 19.57%.

Shares Statistics:

The stock has traded on average 1.74M shares per day over the past 3-months and 1617890 shares per day over the last 10 days, according to various share statistics. A total of 68.60M shares are outstanding, with a floating share count of 65.62M. Insiders hold about 4.48% of the company’s shares, while institutions hold 108.43% stake in the company. Shares short for LITE as of 1735603200 were 11392314 with a Short Ratio of 6.53, compared to 1732838400 on 11148762. Therefore, it implies a Short% of Shares Outstanding of 11392314 and a Short% of Float of 22.219998999999998.

Earnings Estimates

Investors are keenly observing as 15.0 analysts analyze and rate the current performance of Lumentum Holdings Inc (LITE) in the stock market.The consensus estimate for the next quarter is $0.42, with high estimates of $0.63 and low estimates of $0.23.

Analysts are recommending an EPS of between $2.1 and $1.23 for the fiscal current year, implying an average EPS of $1.58. EPS for the following year is $3.79, with 13.0 analysts recommending between $4.45 and $3.35.

Revenue Estimates

14 analysts predict $389.34M in revenue for the current quarter. It ranges from a high estimate of $397M to a low estimate of $380.1M. As of the current estimate, Lumentum Holdings Inc’s year-ago sales were $366.8MFor the next quarter, 14 analysts are estimating revenue of $412.54M. There is a high estimate of $442.2M for the next quarter, whereas the lowest estimate is $393M.

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 $1.54B, resulting in an average revenue estimate of $1.59B. In the same quarter a year ago, actual revenue was $1.36BBased on 13 analysts’ estimates, the company’s revenue will be $2.05B in the next fiscal year. The high estimate is $2.18B and the low estimate is $1.95B.

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