Active Stock Momentum: Lumentum Holdings Inc. (LITE)

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Lumentum Holdings Inc. (LITE) belonging to the Computer and Technology sector has surged 7.12% and closed its last trading session at $48.9.

The company reported its EPS on 02/07/2017. Currently, the stock has a 1 Year Price Target of $48.04.

The consensus recommendation, according to Zacks Investment research, is 1.67. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell.

The Stock had a 1.5 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 1.77 and 1.77 respectively.

Lumentum Holdings Inc. on 02/07/2017 reported its EPS as $0.57 with the analysts projecting the EPS of the stock as $0.51. The company beat the analyst EPS Estimate with the difference of $0.06. This shows a surprise factor of 11.8%.

Many analysts have provided their estimated foresights on Lumentum Holdings Inc. Earnings, with 14 analysts believing the company would generate an Average Estimate of $0.51.

Whereas they predicted High and Low Earnings Estimate as $0.64 and $0.48 respectively. While in the same Quarter Previous year, the Actual EPS was $0.32.

Analysts are also projecting an Average Revenue Estimate for Lumentum Holdings Inc. as $259.72 Million in the Current Quarter. This estimate is provided by 13 analysts.

The High Revenue estimate is predicted as 266.5 Million, while the Low Revenue Estimate prediction stands at 255.7 Million. The company’s last year sales total was 230.4 Million.

For the Current Quarter, the growth estimate for Lumentum Holdings Inc. is 59.4%, while for the Next Quarter the stock growth estimate is 36.6%.

The Company got Upgrade by Goldman on 16-Mar-17 from Sell to Neutral.

Insider Trades for Lumentum Holdings Inc. show that the latest trade was made on 21 Feb 2017 where Lowe (Alan S), the Chief Executive Officer completed a transaction type “Sell” in which 1094 shares were traded at a price of $52.1.

13 analysts projected Price Targets for Lumentum Holdings Inc.. The analysts believe that the company stock price could grow as high as $56. The Low Price target projection by analysts is $35 and the Mean Price Target is $48.04.

Lumentum Holdings Inc. (LITE) has the market capitalization of $2.98 Billion. The company rocked its 52-Week High of $53.7 on Feb 21, 2017 and touched its 52-Week Low of $20.8 on May 19, 2016.

The stock has Return on Assets (ROA) of 1.9 percent. Return on Equity (ROE) stands at 2.9% and Return on Investment (ROI) of 2.2 percent.

The stock is currently showing YTD performance of 26.52 Percent. The company has Beta Value of 0 and ATR value of 2.58. The Weekly and Monthly Volatility stands at 5.79% and 4.80%.