Northland Capmk Has Positive Outlook of Lumentum Q1 Earnings

Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) - Equities research analysts at Northland Capmk boosted their Q1 2026 earnings estimates for Lumentum in a research note issued to investors on Thursday, June 5th. Northland Capmk analyst T. Savageaux now expects that the technology company will post earnings of $0.29 per share for the quarter, up from their prior forecast 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.

Other equities research analysts have also issued reports about the company. UBS Group reduced their price objective on Lumentum from $96.00 to $78.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Jefferies Financial Group started coverage on Lumentum in a research note on Friday, February 21st. They issued a "buy" rating on the stock. BNP Paribas upgraded shares of Lumentum from a "neutral" rating to an "outperform" rating and set a $92.00 target price on the stock in a research report on Tuesday, March 11th. Morgan Stanley increased their price target on Lumentum from $70.00 to $76.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 4th. Finally, Northland Securities set a $80.00 target price on shares of Lumentum in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company 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. Lumentum has a 52 week low of $38.29 and a 52 week high of $104.00. The company has a quick ratio of 3.60, a current ratio of 4.76 and a debt-to-equity ratio of 2.94. The company has a market cap of $5.65 billion, a P/E ratio of -10.59 and a beta of 1.28. The business has a 50 day moving average of $65.04 and a two-hundred day moving average of $74.96.

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

Institutional Trading of Lumentum

Institutional investors have recently modified their holdings of the company. Empowered Funds LLC purchased a new stake in shares of Lumentum during the fourth quarter valued at $626,000. Lightrock Netherlands B.V. acquired a new stake in Lumentum during the fourth quarter valued at $12,668,000. Louisiana State Employees Retirement System increased its stake in shares of Lumentum by 1.6% in the 4th quarter. Louisiana State Employees Retirement System now owns 19,100 shares of the technology company's stock valued at $1,603,000 after purchasing an additional 300 shares in the last quarter. Legato Capital Management LLC purchased a new position in shares of Lumentum during the 4th quarter valued at approximately $1,188,000. Finally, Manchester Capital Management LLC grew its position in shares of Lumentum by 22.6% in the fourth quarter. Manchester Capital Management LLC now owns 1,029 shares of the technology company's stock valued at $86,000 after purchasing an additional 190 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Lumentum news, CFO Wajid Ali sold 2,222 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 47,460 shares of the company's stock, valued at $3,966,706.80. The trade was a 4.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Yuen Wupen sold 4,426 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $71.80, for a total transaction of $317,786.80. Following the transaction, the insider now owns 92,099 shares in the company, valued at $6,612,708.20. The trade was a 4.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,520 shares of company stock valued at $2,103,278 over the last 90 days. Company insiders own 0.19% of the company's stock.

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.

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