Avaya Holdings Corp (NYSE:AVYA) – Equities researchers at BWS Financial issued their Q1 2020 EPS estimates for Avaya in a research note issued to investors on Monday, November 25th. BWS Financial analyst H. Khorsand expects that the company will earn $0.72 per share for the quarter. BWS Financial has a “Buy” rating on the stock. BWS Financial also issued estimates for Avaya’s Q2 2020 earnings at $0.82 EPS, Q3 2020 earnings at $0.91 EPS, Q4 2020 earnings at $0.95 EPS and FY2020 earnings at $3.40 EPS.
AVYA has been the subject of a number of other reports. Northland Securities reaffirmed a “buy” rating and issued a $17.00 target price on shares of Avaya in a report on Thursday, November 21st. Citigroup upped their target price on shares of Avaya from $12.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Morgan Stanley upped their target price on shares of Avaya from $14.00 to $16.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Zacks Investment Research raised shares of Avaya from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a report on Monday. Finally, Guggenheim reaffirmed a “buy” rating and issued a $20.00 target price on shares of Avaya in a report on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $18.13.
Shares of AVYA opened at $12.76 on Wednesday. The firm has a fifty day moving average price of $12.35 and a 200 day moving average price of $12.22. Avaya has a 1-year low of $9.72 and a 1-year high of $22.35. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.41 and a quick ratio of 1.35. The stock has a market cap of $1.33 billion, a PE ratio of 3.26 and a beta of 1.54.
Avaya (NYSE:AVYA) last announced its quarterly earnings results on Wednesday, November 20th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.24). Avaya had a negative net margin of 23.24% and a positive return on equity of 13.33%. The company had revenue of $726.00 million during the quarter, compared to analysts’ expectations of $745.50 million.
Several large investors have recently made changes to their positions in AVYA. FMR LLC purchased a new stake in shares of Avaya in the first quarter valued at about $20,120,000. First Trust Advisors LP raised its holdings in Avaya by 20.4% during the first quarter. First Trust Advisors LP now owns 146,131 shares of the company’s stock worth $2,459,000 after purchasing an additional 24,764 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new position in Avaya during the second quarter worth about $138,000. FNY Investment Advisers LLC purchased a new position in Avaya during the second quarter worth about $222,000. Finally, Strs Ohio raised its holdings in Avaya by 16.3% during the second quarter. Strs Ohio now owns 75,000 shares of the company’s stock worth $893,000 after purchasing an additional 10,500 shares in the last quarter.
Avaya Company Profile
Avaya Holdings Corp., through its subsidiaries, provides digital communications products, solutions, and services for businesses worldwide. The company operates through two segments, Products & Solutions, and Services. The Products & Solutions segment offers unified communications and contact center platforms, applications, and devices.
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