Lumentum Holdings Inc (NASDAQ:LITE)’s traded shares stood at 0.63 million during the latest session, with the company’s beta value hitting 1.03. At the last check today, the stock’s price was $71.56, to imply a decrease of -1.30% or -$0.94 in intraday trading. The LITE share’s 52-week high remains $104.00, putting it -45.33% down since that peak but still an impressive 46.51% since price per share fell to its 52-week low of $38.28.
Analysts have given a consensus recommendation of Buy for Lumentum Holdings Inc (LITE), translating to a mean rating of 1.94. Of 10 analyst(s) looking at the stock, 1 analyst(s) give LITE a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.5.
Lumentum Holdings Inc (NASDAQ:LITE) trade information
After registering a -1.30% downside in the latest session, Lumentum Holdings Inc (LITE) has traded red over the past five days. The 5-day price performance for the stock is -6.26%, and -8.02% over 30 days. With these gigs, the year-to-date price performance is -14.76%.
The extremes give us $40 and $120 for target low and target high price respectively. As such, LITE has been trading -67.69% off suggested target high and 44.1% from its likely low.
Lumentum Holdings Inc (LITE) estimates and forecasts
The rating firms project that company’s revenue will grow 18.46% compared to the previous financial year.
Revenue forecast for the current quarter as set by 14 analysts is 418.19M. Meanwhile, for the current quarter, a total of 14 analyst(s) estimate revenue growth to 452.31M.Earnings reports from the last fiscal year show that sales brought in 366.5M and 308.3M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 14.10% before jumping 46.71% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -72.21% for the past 5-year period. While 2025 is set for a 72.33% return in earnings, projections for the next 5 years are at 69.80% annually.
LITE Dividends
Lumentum Holdings Inc has its next earnings report out in March. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 7.45 million shares, or about 11.0425% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $379.54 million.
We also have Invesco Small Cap Value Fd and Invesco Value Opportunities Fd as the top two Mutual Funds with the largest holdings of the Lumentum Holdings Inc (LITE) shares. Going by data provided on Oct 31, 2024 , Invesco Small Cap Value Fd holds roughly 3.1 shares. This is just over 4.48% of the total shares, with a market valuation of $222.06 million. Data from the same date shows that the other fund manager holds a little less at 2.38, or 3.45% of the shares, all valued at about 170.9 million.
