As of close of business last night, Lumentum Holdings Inc’s stock clocked out at $48.47, up 2.76% from its previous closing price of $47.17. In other words, the price has increased by $+1.30 from its previous closing price. On the day, 1603820 shares were traded.
Ratios:
To gain a deeper understanding of LITE’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.42 and its Current Ratio is at 3.13. In the meantime, Its Debt-to-Equity ratio is 2.26 whereas as Long-Term Debt/Eq ratio is at 2.00.
On August 18, 2023, Rosenblatt Upgraded its rating to Buy which previously was Neutral and also lowered its target price recommendation from $67 to $62.
BofA Securities Downgraded its Neutral to Underperform on July 18, 2023, while the target price for the stock was maintained at $50.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 15 when Sepe Matthew Joseph sold 9,903 shares for $49.23 per share. The transaction valued at 487,558 led to the insider holds 33,188 shares of the business.
Johnson Julia Suzanne sold 1,163 shares of LITE for $51,370 on Nov 20. The Director now owns 22,032 shares after completing the transaction at $44.17 per share. On Jun 20, another insider, Ali Wajid, who serves as the EVP & Chief Financial Officer of the company, sold 6,872 shares for $60.50 each. As a result, the insider received 415,756 and left with 35,629 shares of the company.
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 3.18B and an Enterprise Value of 4.84B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.27 while its Price-to-Book (P/B) ratio in mrq is 2.56. Its current Enterprise Value per Revenue stands at 3.37 whereas that against EBITDA is 156.26.
Stock Price History:
Over the past 52 weeks, LITE has reached a high of $65.16, while it has fallen to a 52-week low of $35.35. The 50-Day Moving Average of the stock is 51.98, while the 200-Day Moving Average is calculated to be 49.00.
Shares Statistics:
It appears that LITE traded 1.45M shares on average per day over the past three months and 1.28M shares per day over the past ten days. A total of 66.40M shares are outstanding, with a floating share count of 64.75M. Insiders hold about 3.93% of the company’s shares, while institutions hold 104.91% stake in the company. Shares short for LITE as of Feb 15, 2024 were 10.11M with a Short Ratio of 6.99, compared to 9.1M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 15.00% and a Short% of Float of 19.12%.
Earnings Estimates
As of right now, 15 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.26 for the current quarter, with a high estimate of $0.3 and a low estimate of $0.21, while EPS last year was $0.75. The consensus estimate for the next quarter is $0.16, with high estimates of $0.39 and low estimates of $0.05.
Analysts are recommending an EPS of between $1.34 and $0.98 for the fiscal current year, implying an average EPS of $1.09. EPS for the following year is $2.48, with 15 analysts recommending between $3.43 and $1.69.
Revenue Estimates
A total of 16 analysts have provided revenue estimates for LITE’s current fiscal year. The highest revenue estimate was $1.41B, while the lowest revenue estimate was $1.36B, resulting in an average revenue estimate of $1.38B. In the same quarter a year ago, actual revenue was $1.77B, down -21.80% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $1.66B in the next fiscal year. The high estimate is $1.99B and the low estimate is $1.51B. The average revenue growth estimate for next year is up 20.50% from the average revenue estimate for this year.
