Applied Optoelectronics Inc (NASDAQ:AAOI) Expected to Announce Earnings of -$0.23 Per Share

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Analysts expect Applied Optoelectronics Inc (NASDAQ:AAOI) to post ($0.23) earnings per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Applied Optoelectronics’ earnings. The highest EPS estimate is ($0.21) and the lowest is ($0.25). Applied Optoelectronics posted earnings per share of ($0.02) during the same quarter last year, which would indicate a negative year-over-year growth rate of 1,050%. The company is scheduled to announce its next earnings results on Thursday, February 20th.

According to Zacks, analysts expect that Applied Optoelectronics will report full-year earnings of ($0.91) per share for the current fiscal year, with EPS estimates ranging from ($0.93) to ($0.89). For the next financial year, analysts forecast that the firm will report earnings of ($0.47) per share, with EPS estimates ranging from ($0.90) to $0.16. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover Applied Optoelectronics.

Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.09. Applied Optoelectronics had a negative net margin of 19.57% and a negative return on equity of 8.12%. The business had revenue of $46.08 million for the quarter, compared to analyst estimates of $47.75 million. During the same period in the previous year, the business posted $0.14 earnings per share. The business’s revenue was down 18.3% compared to the same quarter last year.

A number of brokerages have recently issued reports on AAOI. Northland Securities reiterated a “sell” rating and set a $6.50 price target on shares of Applied Optoelectronics in a research note on Thursday, August 8th. JPMorgan Chase & Co. downgraded shares of Applied Optoelectronics from a “neutral” rating to an “underweight” rating and set a $11.00 price objective on the stock. in a report on Tuesday, October 22nd. They noted that the move was a valuation call. Rosenblatt Securities raised shares of Applied Optoelectronics from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $10.00 to $13.00 in a report on Tuesday, November 5th. ValuEngine raised shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 4th. Finally, Zacks Investment Research downgraded shares of Applied Optoelectronics from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $11.58.

In related news, CFO Stefan J. Murry sold 6,000 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $10.41, for a total transaction of $62,460.00. Following the sale, the chief financial officer now owns 65,443 shares of the company’s stock, valued at $681,261.63. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.64% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its holdings in shares of Applied Optoelectronics by 76.3% in the third quarter. Tower Research Capital LLC TRC now owns 2,637 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 1,141 shares in the last quarter. Meadow Creek Investment Management LLC lifted its holdings in shares of Applied Optoelectronics by 37.1% in the second quarter. Meadow Creek Investment Management LLC now owns 4,848 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 1,312 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Applied Optoelectronics in the second quarter valued at about $51,000. Neuburgh Advisers LLC lifted its holdings in shares of Applied Optoelectronics by 37.1% in the second quarter. Neuburgh Advisers LLC now owns 6,666 shares of the semiconductor company’s stock valued at $68,000 after purchasing an additional 1,804 shares in the last quarter. Finally, Riverhead Capital Management LLC lifted its holdings in shares of Applied Optoelectronics by 35.2% in the second quarter. Riverhead Capital Management LLC now owns 7,685 shares of the semiconductor company’s stock valued at $79,000 after purchasing an additional 2,000 shares in the last quarter. 61.77% of the stock is currently owned by institutional investors.

Shares of Applied Optoelectronics stock traded up $0.01 on Monday, reaching $10.71. 533,051 shares of the stock were exchanged, compared to its average volume of 716,633. Applied Optoelectronics has a 1-year low of $8.34 and a 1-year high of $21.92. The company has a current ratio of 2.96, a quick ratio of 1.68 and a debt-to-equity ratio of 0.39. The business has a fifty day moving average price of $10.49 and a two-hundred day moving average price of $9.96. The firm has a market capitalization of $214.88 million, a PE ratio of 20.21 and a beta of 2.17.

About Applied Optoelectronics

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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