In the last trading session, 3.04 million Lumentum Holdings Inc (NASDAQ:LITE) shares changed hands as the company’s beta touched 1.03. With the company’s per share price at $70.39 changed hands at -$2.08 or -2.87% during last session, the market valuation stood at $4.87B. LITE’s last price was a discount, traded about -47.75% off its 52-week high of $104.00. The share price had its 52-week low at $38.28, which suggests the last value was 45.62% up since then.
Analysts gave the Lumentum Holdings Inc (LITE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.94. If we narrow down to specifics, the data shows that 1 out of 10 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended LITE as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Lumentum Holdings Inc’s EPS for the current quarter is expected to be 0.5.
Lumentum Holdings Inc (NASDAQ:LITE) trade information
Instantly LITE was in red as seen at the end of in last trading. With action -12.25%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -16.15%, with the 5-day performance at -12.25% in the red. However, in the 30-day time frame, Lumentum Holdings Inc (NASDAQ:LITE) is -26.41% down.
The consensus price target for the stock as assigned by Wall Street analysts is 70, meaning bulls need a downside of -0.56% from its current market value. According to analyst projections, LITE’s forecast low is 40 with 120 as the target high. To hit the forecast high, the stock’s price needs a -70.48% plunge from its current level, while the stock would need to tank 43.17% for it to hit the projected low.
Lumentum Holdings Inc (LITE) estimates and forecasts
Year-over-year growth is forecast to reach 18.46% up from the last financial year.
Consensus estimates given by 14 financial analysts project the company’s revenue in the current quarter to hit an average of 418.19M. 14 analysts are of the opinion that Lumentum Holdings Inc’s revenue for the current quarter will be 452.31M. The company’s revenue for the corresponding quarters a year ago was 366.5M and 308.3M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 14.10%. The estimates for the next quarter sales put growth at 46.71%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -72.21%. The 2025 estimates are for Lumentum Holdings Inc earnings to increase by 72.33%, but the outlook for the next 5-year period is at 69.80% per year.
LITE Dividends
Lumentum Holdings Inc is expected to release its next quarterly earnings report in March.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 11.0425% or 7.45 million shares worth $379.54 million as of 2024-06-30.
