What is Northland Capmk's Estimate for Lumentum Q1 Earnings?

Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) - Analysts at Northland Capmk lifted their Q1 2026 EPS estimates for Lumentum in a note issued to investors on Thursday, June 5th. Northland Capmk analyst T. Savageaux now anticipates that the technology company will earn $0.29 per share for the quarter, up from their prior estimate of $0.21. Northland Capmk currently has a "Strong-Buy" rating on the stock. The consensus estimate for Lumentum's current full-year earnings is $0.03 per share. Northland Capmk also issued estimates for Lumentum's Q2 2026 earnings at $0.35 EPS, Q3 2026 earnings at $0.45 EPS and Q4 2026 earnings at $0.54 EPS.

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

Several other research firms also recently commented on LITE. Rosenblatt Securities restated a "buy" rating and issued a $105.00 price target on shares of Lumentum in a research note on Thursday. Barclays set a $75.00 target price on Lumentum and gave the company an "overweight" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. upped their price target on Lumentum from $87.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday. Stifel Nicolaus lifted their price objective on Lumentum from $85.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. Finally, B. Riley upped their target price on shares of Lumentum from $65.00 to $73.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Lumentum currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.93.

Lumentum Stock Up 3.8%

Shares of LITE stock traded up $3.14 during trading on Monday, reaching $85.50. The company's stock had a trading volume of 1,996,920 shares, 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 stock's 50-day moving average price is $66.57 and its 200 day moving average price is $75.01. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of -11.12 and a beta of 1.28. The company has a debt-to-equity ratio of 2.94, a current ratio of 4.76 and a quick ratio of 3.60.

Institutional Investors Weigh In On Lumentum

Institutional investors and hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp raised its position in Lumentum by 54.2% during the fourth quarter. Jones Financial Companies Lllp now owns 370 shares of the technology company's stock worth $31,000 after acquiring an additional 130 shares during the last quarter. CoreCap Advisors LLC raised its position in shares of Lumentum by 2,235.3% during the 4th quarter. CoreCap Advisors LLC now owns 397 shares of the technology company's stock worth $33,000 after purchasing an additional 380 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in Lumentum in the 1st quarter valued at approximately $25,000. Rakuten Securities Inc. grew its holdings in Lumentum by 164.4% during the 1st quarter. Rakuten Securities Inc. now owns 476 shares of the technology company's stock valued at $30,000 after buying an additional 296 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its position in Lumentum by 103.2% during the first quarter. Golden State Wealth Management LLC now owns 512 shares of the technology company's stock worth $32,000 after buying an additional 260 shares in the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Jae Kim sold 4,577 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $77.98, for a total transaction of $356,914.46. Following the sale, the senior vice president now owns 31,534 shares of the company's stock, valued at $2,459,021.32. The trade was a 12.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan S. Lowe sold 10,000 shares of the firm'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 approximately $22,605,966.18. This represents a 3.57% 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 valued at $2,103,278. 0.19% of the stock is owned by company insiders.

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.