Applied Optoelectronics Inc (AAOI) Expected to Announce Earnings of $0.67 Per Share

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Brokerages expect Applied Optoelectronics Inc (NASDAQ:AAOI) to announce earnings per share (EPS) of $0.67 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Applied Optoelectronics’ earnings, with estimates ranging from $0.57 to $0.75. Applied Optoelectronics posted earnings of $1.08 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 38%. The firm is expected to report its next quarterly earnings report on Tuesday, November 6th.

On average, analysts expect that Applied Optoelectronics will report full year earnings of $2.38 per share for the current financial year, with EPS estimates ranging from $2.15 to $2.56. For the next fiscal year, analysts anticipate that the company will report earnings of $3.05 per share, with EPS estimates ranging from $2.65 to $3.63. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Applied Optoelectronics.

Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings data on Tuesday, August 7th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.30. Applied Optoelectronics had a net margin of 10.95% and a return on equity of 14.77%. The company had revenue of $87.82 million during the quarter, compared to analyst estimates of $77.29 million.

Several equities research analysts have recently issued reports on AAOI shares. BidaskClub lowered shares of Applied Optoelectronics from a “strong-buy” rating to a “buy” rating in a research report on Monday, June 18th. Needham & Company LLC downgraded shares of Applied Optoelectronics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 8th. They noted that the move was a valuation call. Loop Capital restated a “hold” rating and issued a $45.00 target price on shares of Applied Optoelectronics in a research note on Wednesday, August 8th. Piper Jaffray Companies restated a “hold” rating and issued a $43.00 target price on shares of Applied Optoelectronics in a research note on Wednesday, August 8th. Finally, B. Riley upped their target price on shares of Applied Optoelectronics from $30.50 to $34.50 and gave the company a “neutral” rating in a research note on Wednesday, August 8th. Nine equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $35.05.

Several hedge funds have recently made changes to their positions in the company. Rhumbline Advisers boosted its stake in shares of Applied Optoelectronics by 3.2% in the second quarter. Rhumbline Advisers now owns 45,887 shares of the semiconductor company’s stock valued at $2,060,000 after purchasing an additional 1,418 shares during the period. Bank of America Corp DE boosted its stake in shares of Applied Optoelectronics by 4.5% in the second quarter. Bank of America Corp DE now owns 39,021 shares of the semiconductor company’s stock valued at $1,752,000 after purchasing an additional 1,669 shares during the period. Globeflex Capital L P boosted its stake in shares of Applied Optoelectronics by 15.0% in the second quarter. Globeflex Capital L P now owns 13,000 shares of the semiconductor company’s stock valued at $584,000 after purchasing an additional 1,700 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Applied Optoelectronics by 29.0% in the first quarter. PNC Financial Services Group Inc. now owns 7,767 shares of the semiconductor company’s stock valued at $195,000 after purchasing an additional 1,744 shares during the period. Finally, Swiss National Bank boosted its stake in shares of Applied Optoelectronics by 6.0% in the first quarter. Swiss National Bank now owns 32,000 shares of the semiconductor company’s stock valued at $802,000 after purchasing an additional 1,800 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Shares of Applied Optoelectronics stock traded down $3.70 during trading hours on Friday, hitting $24.66. The company’s stock had a trading volume of 6,173,300 shares, compared to its average volume of 1,389,455. Applied Optoelectronics has a 1-year low of $22.54 and a 1-year high of $66.23. The firm has a market capitalization of $617.34 million, a P/E ratio of 5.83, a PEG ratio of 1.19 and a beta of 2.54. The company has a quick ratio of 1.92, a current ratio of 3.22 and a debt-to-equity ratio of 0.17.

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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Earnings History and Estimates for Applied Optoelectronics (NASDAQ:AAOI)

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