B. Riley Estimates Lumentum's FY2025 Earnings (NASDAQ:LITE)

Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) - B. Riley increased their FY2025 EPS estimates for shares of Lumentum in a report released on Wednesday, June 4th. B. Riley analyst D. Kang now anticipates that the technology company will post earnings per share of ($0.36) for the year, up from their previous forecast of ($0.43). B. Riley has a "Neutral" rating and a $73.00 price target on the stock. The consensus estimate for Lumentum's current full-year earnings is $0.03 per share. B. Riley also issued estimates for Lumentum's Q4 2025 earnings at $0.09 EPS, Q1 2026 earnings at $0.32 EPS, Q2 2026 earnings at $0.48 EPS, Q3 2026 earnings at $0.53 EPS, Q4 2026 earnings at $0.63 EPS and FY2026 earnings at $1.97 EPS.

A number of other equities analysts also recently weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Lumentum from $85.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, June 5th. BNP Paribas upgraded shares of Lumentum from a "neutral" rating to an "outperform" rating and set a $92.00 price objective for the company in a research report on Tuesday, March 11th. Northland Capmk upgraded Lumentum from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Jefferies Financial Group started coverage on Lumentum in a research note on Friday, February 21st. They issued a "buy" rating for the company. Finally, Barclays set a $75.00 price target on Lumentum and gave the company an "overweight" rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.93.

Lumentum Price Performance

NASDAQ LITE traded up $3.14 on Monday, hitting $85.50. 1,996,920 shares of the company were exchanged, compared to its average volume of 2,055,862. Lumentum has a 1-year low of $38.29 and a 1-year high of $104.00. The firm has a 50 day moving average of $66.57 and a two-hundred day moving average of $75.01. The company has a current ratio of 4.76, a quick ratio of 3.60 and a debt-to-equity ratio of 2.94. The company has a market cap of $5.93 billion, a P/E ratio of -11.12 and a beta of 1.28.

Lumentum (NASDAQ:LITE - Get Free Report) last announced its earnings results on Tuesday, May 6th. The technology company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.50 by $0.07. Lumentum had a negative return on equity of 7.25% and a negative net margin of 36.98%. The business had revenue of $425.20 million for the quarter, compared to the consensus estimate of $418.18 million. During the same period in the previous year, the business earned $0.09 EPS. Lumentum's revenue was up 16.0% compared to the same quarter last year.

Insider Transactions at Lumentum

In other news, Director Alan S. Lowe sold 10,000 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $83.58, for a total value of $835,800.00. Following the completion of the transaction, the director now owns 270,471 shares of the company's stock, valued at $22,605,966.18. The trade was a 3.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Wajid Ali sold 2,222 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $83.58, for a total value of $185,714.76. Following the sale, the chief financial officer now directly owns 47,460 shares in the company, valued at $3,966,706.80. The trade was a 4.47% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,520 shares of company stock worth $2,103,278. 0.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LITE. Vanguard Group Inc. raised its position in shares of Lumentum by 0.6% during the first quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company's stock worth $463,198,000 after purchasing an additional 47,811 shares during the period. Capital World Investors increased its stake in Lumentum by 108.3% during the 4th quarter. Capital World Investors now owns 3,600,132 shares of the technology company's stock worth $302,231,000 after purchasing an additional 1,871,572 shares in the last quarter. PointState Capital LP acquired a new stake in Lumentum during the 1st quarter worth approximately $213,503,000. Atreides Management LP raised its holdings in Lumentum by 6.8% during the 1st quarter. Atreides Management LP now owns 1,875,257 shares of the technology company's stock worth $116,904,000 after buying an additional 119,938 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in Lumentum by 1.1% in the first quarter. Alliancebernstein L.P. now owns 1,731,041 shares of the technology company's stock valued at $107,913,000 after buying an additional 19,085 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Lumentum Company Profile

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.