Brokerages Expect Avaya Holdings Corp (AVYA) to Announce $0.86 Earnings Per Share

Shares of Avaya Holdings Corp (NYSE:AVYA) have been assigned a consensus broker rating score of 2.00 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. Avaya’s rating score has declined by 33.3% from 90 days ago as a result of a number of analysts’ ratings changes.

Analysts have set a 1 year consensus price target of $30.00 for the company and are expecting that the company will post $0.86 EPS for the current quarter, according to Zacks. Zacks has also given Avaya an industry rank of 181 out of 255 based on the ratings given to its competitors.

Several analysts have issued reports on AVYA shares. Zacks Investment Research downgraded shares of Avaya from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Citigroup started coverage on shares of Avaya in a report on Friday, August 31st. They issued a “neutral” rating and a $25.00 price target on the stock. Finally, Barclays started coverage on shares of Avaya in a report on Friday, October 5th. They issued an “equal weight” rating on the stock.

Several institutional investors have recently added to or reduced their stakes in AVYA. Wells Fargo & Company MN purchased a new position in shares of Avaya in the first quarter valued at $6,735,000. Schwab Charles Investment Management Inc. purchased a new position in shares of Avaya in the first quarter valued at $6,932,000. Northern Trust Corp purchased a new position in shares of Avaya in the first quarter valued at $4,756,000. BlackRock Inc. bought a new position in Avaya during the 1st quarter valued at $56,398,000. Finally, New York State Common Retirement Fund bought a new position in Avaya during the 1st quarter valued at $1,744,000. 98.84% of the stock is owned by institutional investors.

Shares of NYSE:AVYA traded down $0.03 during midday trading on Friday, hitting $18.93. The stock had a trading volume of 26,389 shares, compared to its average volume of 1,137,948. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 1.80. Avaya has a 1 year low of $15.63 and a 1 year high of $23.76.

Avaya (NYSE:AVYA) last released its quarterly earnings data on Thursday, August 9th. The company reported ($0.80) EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($1.57). The company had revenue of $755.00 million for the quarter, compared to analysts’ expectations of $754.00 million. Avaya had a return on equity of 4,097.00% and a net margin of 104.03%. Avaya’s quarterly revenue was down 6.0% compared to the same quarter last year. Equities research analysts expect that Avaya will post 2.4 EPS for the current fiscal year.

Avaya Company Profile

Avaya Holdings Corp. operates as a holding company which through its subsidiary, develops business collaboration and communications solutions worldwide. The company was formerly known as Sierra Holdings Corp. The company was incorporated in 2007 and is based in Santa Clara, California.

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