$0.12 EPS Expected for NeoPhotonics Corp (NYSE:NPTN) This Quarter

Analysts expect NeoPhotonics Corp (NYSE:NPTN) to announce earnings per share of $0.12 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for NeoPhotonics’ earnings. The highest EPS estimate is $0.15 and the lowest is $0.11. NeoPhotonics posted earnings of ($0.03) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 500%. The company is expected to issue its next quarterly earnings results after the market closes on Tuesday, August 4th.

On average, analysts expect that NeoPhotonics will report full year earnings of $0.57 per share for the current financial year, with EPS estimates ranging from $0.46 to $0.70. For the next fiscal year, analysts anticipate that the business will post earnings of $0.65 per share, with EPS estimates ranging from $0.52 to $0.85. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow NeoPhotonics.

NeoPhotonics (NYSE:NPTN) last issued its earnings results on Thursday, April 30th. The semiconductor company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.12. The business had revenue of $97.40 million for the quarter, compared to analyst estimates of $86.48 million. NeoPhotonics had a net margin of 0.89% and a return on equity of 4.86%. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same period last year, the company posted ($0.19) earnings per share.

Several equities research analysts have recently commented on NPTN shares. ValuEngine downgraded shares of NeoPhotonics from a “hold” rating to a “sell” rating in a research note on Tuesday, July 14th. Piper Sandler boosted their target price on shares of NeoPhotonics from $9.00 to $14.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. B. Riley downgraded shares of NeoPhotonics from a “buy” rating to a “neutral” rating and set a $10.00 target price for the company. in a research report on Tuesday, June 16th. Rosenblatt Securities cut shares of NeoPhotonics from a “buy” rating to a “neutral” rating and set a $9.00 price objective for the company. in a report on Friday, April 24th. Finally, Northland Securities lifted their price objective on shares of NeoPhotonics from $9.75 to $13.00 and gave the company an “outperform” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. NeoPhotonics currently has an average rating of “Buy” and an average target price of $10.68.

In related news, CEO Timothy Storrs Jenks sold 25,424 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $10.25, for a total transaction of $260,596.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Chiyue Cheung sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $9.80, for a total transaction of $49,000.00. Following the transaction, the chief operating officer now owns 5,000 shares in the company, valued at $49,000. The disclosure for this sale can be found here. Insiders have sold 50,224 shares of company stock worth $493,448 over the last 90 days. 4.70% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of NPTN. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in NeoPhotonics in the 2nd quarter valued at about $60,000. Mackenzie Financial Corp acquired a new position in NeoPhotonics in the 1st quarter valued at about $79,000. Marshall Wace LLP acquired a new position in NeoPhotonics in the 4th quarter valued at about $80,000. Victory Capital Management Inc. boosted its holdings in NeoPhotonics by 42.7% in the 4th quarter. Victory Capital Management Inc. now owns 9,792 shares of the semiconductor company’s stock valued at $86,000 after purchasing an additional 2,931 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of NeoPhotonics by 29.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 12,158 shares of the semiconductor company’s stock worth $88,000 after acquiring an additional 2,736 shares during the last quarter. Institutional investors own 85.47% of the company’s stock.

Shares of NPTN opened at $9.11 on Friday. The company has a market cap of $444.17 million, a price-to-earnings ratio of 182.24 and a beta of 1.55. NeoPhotonics has a twelve month low of $4.03 and a twelve month high of $10.34. The company has a quick ratio of 1.79, a current ratio of 2.21 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $8.83 and a two-hundred day moving average of $8.08.

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.

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