-$0.03 Earnings Per Share Expected for NeoPhotonics Corp (NPTN) This Quarter

Wall Street analysts expect NeoPhotonics Corp (NYSE:NPTN) to post earnings per share of ($0.03) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for NeoPhotonics’ earnings, with the lowest EPS estimate coming in at ($0.09) and the highest estimate coming in at $0.01. NeoPhotonics posted earnings of ($0.27) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 88.9%. The company is scheduled to announce its next earnings report on Thursday, March 7th.

According to Zacks, analysts expect that NeoPhotonics will report full year earnings of ($0.53) per share for the current year, with EPS estimates ranging from ($0.56) to ($0.51). For the next fiscal year, analysts anticipate that the firm will report earnings of $0.01 per share, with EPS estimates ranging from ($0.08) to $0.15. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for NeoPhotonics.

NeoPhotonics (NYSE:NPTN) last announced its quarterly earnings results on Friday, November 2nd. The semiconductor company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.14. The firm had revenue of $81.75 million for the quarter, compared to analysts’ expectations of $82.60 million. NeoPhotonics had a negative net margin of 16.60% and a negative return on equity of 26.53%. NeoPhotonics’s revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.14) earnings per share.



A number of brokerages have weighed in on NPTN. ValuEngine cut shares of NeoPhotonics from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 17th. Piper Jaffray Companies lifted their price target on shares of NeoPhotonics from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Monday, November 5th. B. Riley cut shares of NeoPhotonics from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $11.00 to $8.25 in a research report on Thursday, December 6th. Rosenblatt Securities set a $13.00 target price on shares of NeoPhotonics and gave the stock a “buy” rating in a research report on Monday, December 10th. Finally, Craig Hallum set a $10.00 target price on shares of NeoPhotonics and gave the stock a “buy” rating in a research report on Monday, November 5th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $9.53.

Shares of NPTN stock opened at $7.18 on Wednesday. The company has a market cap of $326.95 million, a price-to-earnings ratio of -6.53 and a beta of 1.25. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.51 and a current ratio of 2.04. NeoPhotonics has a fifty-two week low of $4.95 and a fifty-two week high of $9.48.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fox Run Management L.L.C. acquired a new position in shares of NeoPhotonics during the third quarter worth $100,000. Trexquant Investment LP bought a new stake in shares of NeoPhotonics in the third quarter worth $215,000. MetLife Investment Advisors LLC bought a new stake in shares of NeoPhotonics in the third quarter worth $217,000. Ibex Investors LLC bought a new stake in shares of NeoPhotonics in the third quarter worth $220,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of NeoPhotonics in the second quarter worth $244,000. 75.96% of the stock is currently owned by institutional investors and hedge funds.

About NeoPhotonics

NeoPhotonics Corporation develops, manufactures, and sells optoelectronic products that transmit, receive, and switch high speed digital optical signals for communications networks. It offers high speed products, including transmitter, receiver, and switching products for 100G (gigabits per second) and optical transmission applications over distances of 2 to 2,000 kilometers; optical components for coherent systems, including narrow linewidth tunable transmit and local oscillator lasers (NLW-ITLA) that generate ultra-pure wavelength or color for coherent transmission, as well as coherent micro-modulators, which encode the information on the intensity and phase of the optical beam; and integrated coherent receivers (ICRs) that decode the phase and polarization encoded coherent signals.

Further Reading: Price to Earnings Ratio (PE) Basics

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