Brokerages Expect DASAN Zhone Solutions Inc (NASDAQ:DZSI) to Announce -$0.14 EPS

Analysts expect that DASAN Zhone Solutions Inc (NASDAQ:DZSI) will announce earnings of ($0.14) per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for DASAN Zhone Solutions’ earnings. DASAN Zhone Solutions reported earnings per share of ($0.06) during the same quarter last year, which suggests a negative year over year growth rate of 133.3%. The company is expected to issue its next earnings results on Tuesday, November 10th.

According to Zacks, analysts expect that DASAN Zhone Solutions will report full year earnings of ($0.02) per share for the current fiscal year, with EPS estimates ranging from ($0.07) to $0.03. For the next fiscal year, analysts forecast that the company will report earnings of $0.19 per share, with EPS estimates ranging from $0.08 to $0.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover DASAN Zhone Solutions.

DASAN Zhone Solutions (NASDAQ:DZSI) last announced its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.21. The company had revenue of $70.53 million for the quarter, compared to analyst estimates of $63.13 million. DASAN Zhone Solutions had a negative net margin of 8.67% and a negative return on equity of 6.68%.

Several equities research analysts recently issued reports on the stock. B. Riley reaffirmed a “buy” rating and set a $10.50 price target on shares of DASAN Zhone Solutions in a report on Wednesday, June 3rd. Northland Securities assumed coverage on shares of DASAN Zhone Solutions in a report on Thursday, August 6th. They set a “buy” rating and a $13.50 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $11.94.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Heartland Advisors Inc. grew its holdings in DASAN Zhone Solutions by 39.7% during the 2nd quarter. Heartland Advisors Inc. now owns 400,000 shares of the communications equipment provider’s stock worth $3,572,000 after acquiring an additional 113,719 shares during the last quarter. Portolan Capital Management LLC bought a new stake in DASAN Zhone Solutions during the 2nd quarter worth approximately $2,456,000. Geode Capital Management LLC grew its holdings in DASAN Zhone Solutions by 3.7% during the 1st quarter. Geode Capital Management LLC now owns 116,300 shares of the communications equipment provider’s stock worth $487,000 after acquiring an additional 4,136 shares during the last quarter. State Street Corp grew its holdings in DASAN Zhone Solutions by 3.8% during the 1st quarter. State Street Corp now owns 115,019 shares of the communications equipment provider’s stock worth $482,000 after acquiring an additional 4,251 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in DASAN Zhone Solutions by 37.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 35,391 shares of the communications equipment provider’s stock worth $316,000 after acquiring an additional 9,647 shares during the last quarter. 25.85% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DASAN Zhone Solutions stock traded up $0.36 during midday trading on Friday, hitting $9.73. 719 shares of the company traded hands, compared to its average volume of 65,095. The stock has a market cap of $202.21 million, a price-to-earnings ratio of -8.60 and a beta of 1.34. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.22. The firm’s fifty day moving average price is $10.39 and its 200-day moving average price is $7.93. DASAN Zhone Solutions has a 12 month low of $2.90 and a 12 month high of $11.79.

About DASAN Zhone Solutions

DASAN Zhone Solutions, Inc provides network access solutions and communications platforms for service provider and enterprise networks worldwide. It offers broadband access products, including customer premise equipment, such as digital subscriber line (DSL) modems; Ethernet access demarcation devices; and gigabit passive optical network (GPON) and 10G point-to-point active Ethernet optical network terminals.

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Earnings History and Estimates for DASAN Zhone Solutions (NASDAQ:DZSI)

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