Applied Optoelectronics (AAOI) to Release Quarterly Earnings on Thursday

Applied Optoelectronics (NASDAQ:AAOI) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Applied Optoelectronics to post earnings of ($0.29) per share for the quarter. Applied Optoelectronics has set its Q1 2024 guidance at -0.330–0.280 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Applied Optoelectronics (NASDAQ:AAOI) last released its earnings results on Thursday, February 22nd. The semiconductor company reported $0.04 earnings per share for the quarter. Applied Optoelectronics had a negative return on equity of 13.83% and a negative net margin of 25.75%. The company had revenue of $60.50 million during the quarter, compared to the consensus estimate of $65.19 million. During the same quarter in the previous year, the company posted ($0.27) EPS. Applied Optoelectronics’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, analysts expect Applied Optoelectronics to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Applied Optoelectronics Price Performance

Shares of Applied Optoelectronics stock opened at $11.66 on Wednesday. The stock has a market capitalization of $451.59 million, a price-to-earnings ratio of -6.55 and a beta of 2.12. The company has a fifty day moving average of $12.87 and a 200-day moving average of $15.13. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.16 and a current ratio of 1.85. Applied Optoelectronics has a 52-week low of $1.64 and a 52-week high of $24.75.

Insiders Place Their Bets

In other Applied Optoelectronics news, CEO Chih-Hsiang (Thompson) Lin bought 11,780 shares of Applied Optoelectronics stock in a transaction on Monday, March 18th. The stock was acquired at an average cost of $12.66 per share, with a total value of $149,134.80. Following the completion of the acquisition, the chief executive officer now owns 1,218,160 shares in the company, valued at $15,421,905.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Chih-Hsiang (Thompson) Lin purchased 11,780 shares of the company’s stock in a transaction on Monday, March 18th. The stock was acquired at an average cost of $12.66 per share, for a total transaction of $149,134.80. Following the completion of the transaction, the chief executive officer now directly owns 1,218,160 shares in the company, valued at approximately $15,421,905.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Che-Wei Lin bought 31,370 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average price of $12.70 per share, with a total value of $398,399.00. Following the transaction, the director now directly owns 220,133 shares of the company’s stock, valued at approximately $2,795,689.10. The disclosure for this purchase can be found here. Insiders own 6.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. StockNews.com upgraded shares of Applied Optoelectronics from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. TheStreet raised Applied Optoelectronics from a “d” rating to a “c-” rating in a research note on Friday, February 23rd. B. Riley reaffirmed a “neutral” rating and issued a $16.00 price target (down previously from $22.00) on shares of Applied Optoelectronics in a research note on Friday, February 23rd. Finally, Rosenblatt Securities reduced their price objective on shares of Applied Optoelectronics from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.88.

Applied Optoelectronics Company Profile

Applied Optoelectronics, Inc designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. It offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, distribution equipment, and amplifiers.