EPS for Mitel Networks Corporation (MNW) Expected At $-0.19 on May, 2

Marco Green
April 24, 2018

"Buy" rating has 1, "Sell" are 0, while 2 are "Hold". In Wednesday, April 11 report National Bank Canada downgraded the stock to "Hold" rating. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. The stock now has an average rating of "Buy" and an average target price of $12.50. The share price volatility of the stock remained at 1.43% for the month and by reducing the timeframe to just a week, the volatility stood at 2.52%. Its book value per share for the most recent quarter is $2.88 while its price to book ratio for the same period is 3.5, as for as the company's cash per share for the most recent quarter is $0.36, however its price to cash per share ratio for the same period is 28.28. (NASDAQ:MITL) has 33% bullish analysts.

Investors wait Mitel Networks Corporation (TSE:MNW)'s quarterly earnings on May, 2., according to Zacks. This year's EPS analyst estimate is expected to be $-0.15. That is 6.25 % up compareed to $-0.16 EPS for past year. Return on Equity (ROE) stands at -14.6% and Return on Investment (ROI) of -3.3 percent. Finally, Craig Hallum began coverage on shares of Mitel Networks in a research note on Thursday, December 14th. After $-0.02 EPS was revealed last quarter, analysts now see negative EPS growth of 850.00 % for Mitel Networks Corporation.

Mitel Networks announced that its board has approved a stock repurchase plan on Wednesday, March 7th that authorizes the company to repurchase 61,000,000 shares. This buyback authorization permits the communications equipment provider to repurchase shares of its stock through open market purchases. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal.

In related news, insider Graham Bevington sold 8,605 shares of the stock in a transaction that occurred on Tuesday, March 6th. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The stock was acquired at an average price of C$9.30 per share, for a total transaction of C$139,500.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,056,525 shares of company stock valued at $8,602,948.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. The stock increased 0.23% or $0.03 during the last trading session, hitting $12.85.Mitel Networks Corporation is after having 0.00% since April 23, 2017. Alliancebernstein L.P. raised its holdings in shares of Mitel Networks by 15.0% in the 4th quarter. GSA Capital Partners LLP now owns 383,786 shares of the communications equipment provider's stock valued at $3,220,000 after purchasing an additional 299,108 shares in the last quarter.

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Mitel Networks Corporation provides business communications and collaboration software, services, and solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific regions.The firm is worth $1.21 billion. It operates through Cloud and Enterprise divisions.Last it reported negative earnings.

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