$0.41 EPS Expected for Lumentum Holdings (LITE); Lowe Brockenbrough & Company Has Lowered Its Nexstar Broadcasting Group A (NXST) Stake

October 12, 2017 - By Marguerite Chambers

Lowe Brockenbrough & Company Inc decreased Nexstar Broadcasting Group A (NXST) stake by 43.39% reported in 2017Q2 SEC filing. Lowe Brockenbrough & Company Inc sold 9,088 shares as Nexstar Broadcasting Group A (NXST)’s stock declined 15.04%. The Lowe Brockenbrough & Company Inc holds 11,856 shares with $709,000 value, down from 20,944 last quarter. Nexstar Broadcasting Group A now has $2.86 billion valuation. The stock declined 1.62% or $1 reaching $60.65 per share. About 120,453 shares traded. Nexstar Media Group Inc (NASDAQ:NXST) has risen 19.43% since October 12, 2016 and is uptrending. It has outperformed by 2.73% the S&P500.

Analysts expect Lumentum Holdings Inc (NASDAQ:LITE) to report $0.41 EPS on October, 26.They anticipate $0.00 EPS change or 0.00% from last quarter’s $0.41 EPS. LITE’s profit would be $25.41M giving it 35.62 P/E if the $0.41 EPS is correct. After having $0.31 EPS previously, Lumentum Holdings Inc’s analysts see 32.26% EPS growth. About 133,803 shares traded. Lumentum Holdings Inc (NASDAQ:LITE) has risen 145.74% since October 12, 2016 and is uptrending. It has outperformed by 129.04% the S&P500.

Lumentum Holdings Inc. is a provider of optical and photonic products for a range of end market applications, including data communications and telecommunications (Telecom) networking and commercial lasers (commercial lasers) for manufacturing, inspection and life-science applications. The company has market cap of $3.62 billion. The Firm operates in two divisions: Optical Communications (OpComms) and Commercial Lasers (Lasers). It currently has negative earnings. The Company’s OpComms products include a range of components, modules and subsystems to support and maintain clients in its two primary markets: Telecom and Datacom.

Among 14 analysts covering Lumentum (NASDAQ:LITE), 6 have Buy rating, 3 Sell and 5 Hold. Therefore 43% are positive. Lumentum had 33 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating by M Partners given on Tuesday, January 12. B. Riley & Co initiated it with “Buy” rating and $27.25 target in Wednesday, August 5 report. The firm earned “Equal-Weight” rating on Thursday, August 13 by Morgan Stanley. Barclays Capital initiated it with “Equal Weight” rating and $23.0 target in Wednesday, August 5 report. The rating was downgraded by Goldman Sachs on Tuesday, October 11 to “Sell”. The company was initiated on Thursday, August 13 by UBS. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, October 28. Needham maintained it with “Strong Buy” rating and $56 target in Monday, October 31 report. The stock of Lumentum Holdings Inc (NASDAQ:LITE) earned “Hold” rating by Jefferies on Tuesday, August 4. M Partners maintained the shares of LITE in report on Wednesday, July 20 with “Buy” rating.

Lowe Brockenbrough & Company Inc increased Dollar Tree Inc Com (NASDAQ:DLTR) stake by 4,668 shares to 78,397 valued at $5.48 million in 2017Q2. It also upped Discover Finl Svcs Com (NYSE:DFS) stake by 5,250 shares and now owns 135,703 shares. Delta Air Lines Inc (NYSE:DAL) was raised too.

Among 5 analysts covering Nexstar Broadcasting Group (NASDAQ:NXST), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Nexstar Broadcasting Group had 21 analyst reports since August 5, 2015 according to SRatingsIntel. Zacks upgraded the stock to “Hold” rating in Wednesday, August 5 report. The company was maintained on Monday, September 18 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Wednesday, August 9 with “Buy”. The stock of Nexstar Media Group Inc (NASDAQ:NXST) earned “Buy” rating by Jefferies on Tuesday, September 29. The firm earned “Outperform” rating on Wednesday, March 1 by Wedbush. The company was maintained on Monday, September 18 by Jefferies. The stock has “Overweight” rating by Stephens on Wednesday, November 18. The stock of Nexstar Media Group Inc (NASDAQ:NXST) earned “Buy” rating by Benchmark on Wednesday, March 1. Jefferies maintained the stock with “Buy” rating in Monday, June 12 report. Wedbush maintained Nexstar Media Group Inc (NASDAQ:NXST) on Wednesday, January 18 with “Outperform” rating.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.



Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Twitter Auto Publish Powered By : XYZScripts.com