Lumentum Holdings Inc. (LITE) EPS Estimated At $0.84

October 14, 2018 - By Darrin Black

Lumentum Holdings Inc. (NASDAQ:LITE) Logo

Analysts expect Lumentum Holdings Inc. (NASDAQ:LITE) to report $0.84 EPS on November, 7.They anticipate $0.52 EPS change or 162.50 % from last quarter’s $0.32 EPS. LITE’s profit would be $53.20M giving it 17.35 P/E if the $0.84 EPS is correct. After having $0.80 EPS previously, Lumentum Holdings Inc.’s analysts see 5.00 % EPS growth. The stock increased 2.39% or $1.36 during the last trading session, reaching $58.3. About 1.37M shares traded. Lumentum Holdings Inc. (NASDAQ:LITE) has risen 6.03% since October 14, 2017 and is uptrending. It has underperformed by 9.59% 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 $3.69 billion. It operates through two divisions, Optical Communications and Commercial Lasers. It has a 15.26 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.

Another recent and important Lumentum Holdings Inc. (NASDAQ:LITE) news was published by Benzinga.com which published an article titled: “JPMorgan Finds Multiple Reasons To Turn Bullish On Lumentum” on October 11, 2018.

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