O2Micro International Limited (OIIM) Expected to Post Quarterly Sales of $14.60 Million

Wall Street analysts forecast that O2Micro International Limited (NASDAQ:OIIM) will announce $14.60 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for O2Micro International’s earnings. O2Micro International posted sales of $14.11 million during the same quarter last year, which suggests a positive year-over-year growth rate of 3.5%. The business is scheduled to issue its next quarterly earnings report on Wednesday, May 1st.

On average, analysts expect that O2Micro International will report full-year sales of $65.80 million for the current fiscal year, with estimates ranging from $64.50 million to $67.10 million. For the next financial year, analysts anticipate that the company will report sales of $71.70 million, with estimates ranging from $69.60 million to $73.80 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for O2Micro International.

O2Micro International (NASDAQ:OIIM) last announced its quarterly earnings results on Wednesday, January 30th. The electronics maker reported ($0.06) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.06). The business had revenue of $16.59 million for the quarter, compared to analyst estimates of $16.80 million. O2Micro International had a return on equity of 2.91% and a net margin of 3.33%.

Separately, ValuEngine raised O2Micro International from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd.

Shares of O2Micro International stock remained flat at $$1.71 on Wednesday. The stock had a trading volume of 6,094 shares, compared to its average volume of 12,978. The stock has a market capitalization of $43.92 million, a P/E ratio of 19.00 and a beta of 0.77. O2Micro International has a 12-month low of $1.30 and a 12-month high of $2.40.

A hedge fund recently raised its stake in O2Micro International stock. Essex Investment Management Co. LLC raised its stake in O2Micro International Limited (NASDAQ:OIIM) by 195.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 172,837 shares of the electronics maker’s stock after purchasing an additional 114,265 shares during the quarter. Essex Investment Management Co. LLC owned 0.67% of O2Micro International worth $261,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 41.02% of the company’s stock.

About O2Micro International

O2Micro International Limited, together with its subsidiaries, designs, develops, and markets integrated circuits and solutions for power management components and systems in China, Japan, Taiwan, Korea, Singapore, and internationally. The company provides analog and mixed-signal integrated circuits that manage and provide LCD and LED lighting; control and monitor battery charging and discharging in portable electronic devices and vehicles; perform DC/DC and AC/DC conversion; and provide select and switch functionality between power sources.

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