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

Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) - Analysts at B. Riley boosted their FY2025 earnings per share estimates for Lumentum in a research note issued to investors on Wednesday, June 4th. B. Riley analyst D. Kang now forecasts that the technology company will post earnings per share of ($0.36) for the year, up from their prior estimate of ($0.43). B. Riley has a "Neutral" rating and a $73.00 price objective 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 brokerages have also weighed in on LITE. Morgan Stanley increased their price objective on Lumentum from $70.00 to $76.00 and gave the company an "equal weight" rating in a report on Wednesday, June 4th. Northland Securities set a $80.00 target price on Lumentum in a research report on Wednesday, May 7th. Rosenblatt Securities increased their price target on shares of Lumentum from $94.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Stifel Nicolaus lifted their price objective on shares of Lumentum from $85.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Northland Capmk raised shares of Lumentum from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, three have issued 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, Lumentum currently has a consensus rating of "Moderate Buy" and an average price target of $82.80.

Lumentum Stock Performance

Shares of LITE stock opened at $81.46 on Monday. The business has a fifty day moving average of $65.04 and a 200 day moving average of $74.96. Lumentum has a 1 year low of $38.29 and a 1 year high of $104.00. The company has a debt-to-equity ratio of 2.94, a current ratio of 4.76 and a quick ratio of 3.60. The firm has a market capitalization of $5.65 billion, a price-to-earnings ratio of -10.59 and a beta of 1.28.

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

Insiders Place Their Bets

In related 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 sale, the director now owns 270,471 shares of the company's stock, valued at approximately $22,605,966.18. The trade was a 3.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Wajid Ali sold 2,222 shares of the company's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $83.58, for a total transaction of $185,714.76. Following the transaction, the chief financial officer now owns 47,460 shares of the company's stock, valued at $3,966,706.80. This represents a 4.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,520 shares of company stock worth $2,103,278. Company insiders own 0.19% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LITE. Crestline Management LP acquired a new position in shares of Lumentum during the fourth quarter valued at approximately $4,435,000. SBI Securities Co. Ltd. acquired a new stake in shares of Lumentum in the fourth quarter worth approximately $739,000. M&T Bank Corp increased its position in shares of Lumentum by 54.2% during the fourth quarter. M&T Bank Corp now owns 18,104 shares of the technology company's stock worth $1,520,000 after purchasing an additional 6,361 shares in the last quarter. Aigen Investment Management LP raised its stake in Lumentum by 72.9% in the 4th quarter. Aigen Investment Management LP now owns 17,440 shares of the technology company's stock valued at $1,464,000 after purchasing an additional 7,354 shares during the last quarter. Finally, Versor Investments LP acquired a new position in Lumentum in the 4th quarter valued at $336,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

About Lumentum

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.

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