Lumentum Holdings Inc. (LITE) Analysts See $0.53 EPS

April 21, 2018 - By Winifred Garcia

Lumentum Holdings Inc. (NASDAQ:LITE) Logo

Analysts expect Lumentum Holdings Inc. (NASDAQ:LITE) to report $0.53 EPS on May, 3.They anticipate $0.16 EPS change or 43.24 % from last quarter’s $0.37 EPS. LITE’s profit would be $32.60 million giving it 27.76 P/E if the $0.53 EPS is correct. After having $1.44 EPS previously, Lumentum Holdings Inc.’s analysts see -63.19 % EPS growth. The stock decreased 2.00% or $1.2 during the last trading session, reaching $58.85. About 1.34 million shares traded. Lumentum Holdings Inc. (NASDAQ:LITE) has risen 22.62% since April 21, 2017 and is uptrending. It has outperformed by 11.07% the S&P500.

Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company has market cap of $3.62 billion. It operates through two divisions, Optical Communications and Commercial Lasers. It has a 36.55 P/E ratio. The Optical Communications segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and text data over high-capacity fiber optic cables.

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