Zacks: Analysts Anticipate Calix Inc (NYSE:CALX) Will Post Earnings of -$0.03 Per Share

Analysts forecast that Calix Inc (NYSE:CALX) will post ($0.03) earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Calix’s earnings, with the highest EPS estimate coming in at ($0.02) and the lowest estimate coming in at ($0.05). Calix reported earnings of $0.01 per share during the same quarter last year, which indicates a negative year over year growth rate of 400%. The business is expected to announce its next earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that Calix will report full year earnings of $0.12 per share for the current fiscal year, with EPS estimates ranging from $0.06 to $0.19. For the next financial year, analysts expect that the company will report earnings of $0.55 per share. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Calix.

Calix (NYSE:CALX) last posted its earnings results on Wednesday, May 1st. The communications equipment provider reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.06). Calix had a negative return on equity of 8.16% and a negative net margin of 4.02%. The firm had revenue of $89.35 million during the quarter, compared to the consensus estimate of $102.95 million.

CALX has been the subject of several recent analyst reports. ValuEngine upgraded shares of William Lyon Homes from a “strong sell” rating to a “sell” rating in a research note on Wednesday, April 10th. Zacks Investment Research lowered shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.38.

Shares of NYSE CALX traded up $0.04 during trading on Friday, hitting $7.03. The stock had a trading volume of 5,179 shares, compared to its average volume of 218,341. Calix has a 12 month low of $5.97 and a 12 month high of $11.30. The company has a quick ratio of 0.81, a current ratio of 1.16 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $373.56 million, a P/E ratio of -21.38 and a beta of 0.67. The company’s fifty day moving average price is $6.44.

In related news, Director J Daniel Plants purchased 25,311 shares of Calix stock in a transaction that occurred on Wednesday, May 29th. The stock was bought at an average price of $6.21 per share, for a total transaction of $157,181.31. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin A. Denuccio purchased 33,500 shares of Calix stock in a transaction that occurred on Wednesday, May 22nd. The shares were bought at an average price of $6.62 per share, with a total value of $221,770.00. Following the transaction, the director now owns 258,155 shares of the company’s stock, valued at approximately $1,708,986.10. The disclosure for this purchase can be found here. In the last quarter, insiders sold 19,106 shares of company stock valued at $132,470. Company insiders own 18.57% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC lifted its holdings in shares of Calix by 22.7% in the fourth quarter. Jane Street Group LLC now owns 49,120 shares of the communications equipment provider’s stock worth $479,000 after buying an additional 9,085 shares in the last quarter. Semmax Financial Advisors Inc. purchased a new stake in shares of Calix in the fourth quarter worth about $38,000. Geode Capital Management LLC lifted its holdings in shares of Calix by 97.6% in the fourth quarter. Geode Capital Management LLC now owns 982,700 shares of the communications equipment provider’s stock worth $9,580,000 after buying an additional 485,357 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Calix by 25.0% in the fourth quarter. BlackRock Inc. now owns 4,180,423 shares of the communications equipment provider’s stock worth $40,759,000 after buying an additional 835,684 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of Calix in the fourth quarter worth about $9,662,000. Institutional investors own 66.00% of the company’s stock.

Calix Company Profile

Calix, Inc, together with its subsidiaries, provides cloud and software platforms, systems and services required to deliver the unified access network. The company's cloud and software platforms, systems, and services enable communication service providers (CSP) to provide a range of services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.

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Earnings History and Estimates for Calix (NYSE:CALX)

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