-$0.37 EPS Expected for Applied Optoelectronics Inc (NASDAQ:AAOI) This Quarter

Wall Street brokerages predict that Applied Optoelectronics Inc (NASDAQ:AAOI) will announce earnings per share of ($0.37) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Applied Optoelectronics’ earnings, with the highest EPS estimate coming in at ($0.35) and the lowest estimate coming in at ($0.39). Applied Optoelectronics reported earnings per share of $0.64 during the same quarter last year, which suggests a negative year over year growth rate of 157.8%. The firm is scheduled to issue its next earnings report after the market closes on Wednesday, August 7th.

On average, analysts expect that Applied Optoelectronics will report full year earnings of ($1.12) per share for the current year, with EPS estimates ranging from ($1.35) to ($0.82). For the next financial year, analysts forecast that the business will report earnings of ($0.22) per share, with EPS estimates ranging from ($0.49) to $0.40. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Applied Optoelectronics.

Applied Optoelectronics (NASDAQ:AAOI) last released its earnings results on Wednesday, May 8th. The semiconductor company reported ($0.27) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.05). The business had revenue of $52.72 million during the quarter, compared to analysts’ expectations of $52.86 million. Applied Optoelectronics had a negative return on equity of 0.36% and a negative net margin of 5.78%. The company’s revenue for the quarter was down 19.2% compared to the same quarter last year. During the same period last year, the business earned $0.28 earnings per share.

AAOI has been the topic of several analyst reports. Piper Jaffray Companies reduced their price target on shares of Applied Optoelectronics from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. JPMorgan Chase & Co. initiated coverage on shares of Applied Optoelectronics in a research report on Monday, July 29th. They set a “neutral” rating and a $11.00 price target on the stock. TheStreet lowered shares of Applied Optoelectronics from a “c-” rating to a “d+” rating in a research report on Thursday, May 9th. Zacks Investment Research lowered shares of Applied Optoelectronics from a “hold” rating to a “strong sell” rating in a research report on Thursday. Finally, Rosenblatt Securities raised shares of Applied Optoelectronics from a “sell” rating to a “neutral” rating and set a $10.00 price target on the stock in a research report on Thursday, June 27th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $19.64.

Shares of AAOI stock traded up $0.03 during trading on Friday, hitting $9.96. 623,847 shares of the stock traded hands, compared to its average volume of 640,861. The company has a market capitalization of $198.10 million, a price-to-earnings ratio of 18.79 and a beta of 2.13. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.12 and a quick ratio of 1.82. The firm’s fifty day moving average price is $9.62. Applied Optoelectronics has a 52-week low of $8.56 and a 52-week high of $46.00.

A number of institutional investors have recently bought and sold shares of AAOI. Steward Partners Investment Advisory LLC acquired a new stake in Applied Optoelectronics in the 2nd quarter valued at approximately $51,000. Advisor Group Inc. increased its holdings in Applied Optoelectronics by 24.4% in the 4th quarter. Advisor Group Inc. now owns 4,097 shares of the semiconductor company’s stock valued at $63,000 after purchasing an additional 803 shares during the last quarter. Cerebellum GP LLC acquired a new position in shares of Applied Optoelectronics in the first quarter worth $72,000. Municipal Employees Retirement System of Michigan acquired a new position in shares of Applied Optoelectronics in the fourth quarter worth $85,000. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Applied Optoelectronics by 117.4% in the second quarter. BNP Paribas Arbitrage SA now owns 8,562 shares of the semiconductor company’s stock worth $88,000 after acquiring an additional 4,624 shares in the last quarter. Hedge funds and other institutional investors own 63.03% of the company’s stock.

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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