Zacks: Brokerages Anticipate Applied Optoelectronics Inc (AAOI) Will Post Earnings of -$0.21 Per Share

Brokerages expect that Applied Optoelectronics Inc (NASDAQ:AAOI) will announce earnings of ($0.21) per share for the current quarter, Zacks reports. Four analysts have made estimates for Applied Optoelectronics’ earnings, with the lowest EPS estimate coming in at ($0.23) and the highest estimate coming in at ($0.19). Applied Optoelectronics posted earnings of $0.28 per share in the same quarter last year, which suggests a negative year over year growth rate of 175%. The business is scheduled to report its next quarterly earnings results on Tuesday, May 14th.

According to Zacks, analysts expect that Applied Optoelectronics will report full-year earnings of ($0.44) per share for the current fiscal year, with EPS estimates ranging from ($0.74) to ($0.03). For the next fiscal year, analysts forecast that the business will report earnings of $0.94 per share, with EPS estimates ranging from $0.51 to $1.63. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Applied Optoelectronics.

Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings data on Thursday, February 21st. The semiconductor company reported ($0.16) earnings per share for the quarter, meeting the consensus estimate of ($0.16). Applied Optoelectronics had a negative net margin of 0.80% and a positive return on equity of 3.06%. The company had revenue of $58.02 million during the quarter, compared to analyst estimates of $60.78 million.



Several research firms recently issued reports on AAOI. ValuEngine downgraded shares of Applied Optoelectronics from a “sell” rating to a “strong sell” rating in a research report on Wednesday, February 20th. Zacks Investment Research raised shares of Applied Optoelectronics from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Friday, January 11th. Rosenblatt Securities reissued a “sell” rating and issued a $10.00 price target (down previously from $15.00) on shares of Applied Optoelectronics in a research report on Tuesday, February 12th. DA Davidson downgraded shares of Applied Optoelectronics from a “buy” rating to a “neutral” rating and reduced their price target for the company from $42.00 to $16.00 in a research report on Friday, February 22nd. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and set a $12.00 price objective on shares of Applied Optoelectronics in a report on Friday, February 22nd. Six research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $20.60.

NASDAQ AAOI traded down $1.04 during mid-day trading on Tuesday, hitting $12.71. The company’s stock had a trading volume of 1,105,272 shares, compared to its average volume of 1,435,497. Applied Optoelectronics has a twelve month low of $12.66 and a twelve month high of $50.30. The company has a current ratio of 2.51, a quick ratio of 1.30 and a debt-to-equity ratio of 0.18. The company has a market cap of $252.71 million, a P/E ratio of 23.98 and a beta of 2.01.

Institutional investors and hedge funds have recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. boosted its holdings in Applied Optoelectronics by 83.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,689 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 767 shares during the last quarter. NumerixS Investment Technologies Inc bought a new stake in shares of Applied Optoelectronics during the 4th quarter worth $29,000. Neuburgh Advisers LLC raised its stake in shares of Applied Optoelectronics by 41.2% during the 4th quarter. Neuburgh Advisers LLC now owns 3,542 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 1,034 shares during the period. Advisor Group Inc. raised its stake in shares of Applied Optoelectronics by 24.4% during the 4th quarter. Advisor Group Inc. now owns 4,097 shares of the semiconductor company’s stock worth $63,000 after purchasing an additional 803 shares during the period. Finally, Flinton Capital Management LLC raised its stake in shares of Applied Optoelectronics by 41.2% during the 4th quarter. Flinton Capital Management LLC now owns 5,474 shares of the semiconductor company’s stock worth $84,000 after purchasing an additional 1,598 shares during the period. 59.89% of the stock is currently owned by hedge funds and other institutional investors.

Applied Optoelectronics Company Profile

Applied Optoelectronics, Inc designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to Internet data center operators, cable television and telecommunications equipment manufacturers, and Internet service providers through its direct and indirect sales channels.

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