Zacks: Brokerages Expect Applied Optoelectronics Inc (AAOI) to Post -$0.04 EPS

Equities analysts expect Applied Optoelectronics Inc (NASDAQ:AAOI) to report earnings per share (EPS) of ($0.04) for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Applied Optoelectronics’ earnings, with the lowest EPS estimate coming in at ($0.08) and the highest estimate coming in at $0.02. Applied Optoelectronics reported earnings per share of $0.89 in the same quarter last year, which would indicate a negative year-over-year growth rate of 104.5%. The business is scheduled to announce its next quarterly earnings report on Wednesday, February 20th.

According to Zacks, analysts expect that Applied Optoelectronics will report full year earnings of $1.02 per share for the current financial year, with EPS estimates ranging from $0.98 to $1.08. For the next fiscal year, analysts forecast that the company will post earnings of $1.37 per share, with EPS estimates ranging from $0.50 to $2.60. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Applied Optoelectronics.

Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings results on Wednesday, November 7th. The semiconductor company reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.25. Applied Optoelectronics had a return on equity of 8.73% and a net margin of 4.20%. The company had revenue of $56.40 million during the quarter, compared to analysts’ expectations of $56.55 million. During the same quarter in the previous year, the firm posted $1.08 EPS. The firm’s revenue was down 36.6% compared to the same quarter last year.

A number of brokerages have commented on AAOI. Craig Hallum set a $28.00 price target on Applied Optoelectronics and gave the stock a “sell” rating in a research report on Wednesday, August 8th. B. Riley lifted their price target on Applied Optoelectronics from $30.50 to $34.50 and gave the stock a “neutral” rating in a research report on Wednesday, August 8th. BidaskClub raised Applied Optoelectronics from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. Loop Capital reaffirmed a “hold” rating and set a $45.00 price target on shares of Applied Optoelectronics in a research report on Wednesday, August 8th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $43.00 price target on shares of Applied Optoelectronics in a research report on Wednesday, August 8th. Six analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Applied Optoelectronics has an average rating of “Hold” and a consensus price target of $25.11.

Shares of AAOI opened at $20.33 on Friday. Applied Optoelectronics has a one year low of $17.95 and a one year high of $50.30. The company has a quick ratio of 1.30, a current ratio of 2.60 and a debt-to-equity ratio of 0.19. The stock has a market cap of $401.12 million, a price-to-earnings ratio of 4.81, a PEG ratio of 2.55 and a beta of 2.56.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. raised its stake in shares of Applied Optoelectronics by 6.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 50,685 shares of the semiconductor company’s stock valued at $2,276,000 after buying an additional 3,069 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Applied Optoelectronics by 4.4% during the 1st quarter. Principal Financial Group Inc. now owns 186,911 shares of the semiconductor company’s stock valued at $4,684,000 after buying an additional 7,875 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Applied Optoelectronics by 11.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 100,798 shares of the semiconductor company’s stock valued at $4,526,000 after buying an additional 10,481 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Applied Optoelectronics by 17.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 359,689 shares of the semiconductor company’s stock valued at $16,150,000 after buying an additional 54,595 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new position in shares of Applied Optoelectronics during the 2nd quarter valued at about $202,000. Institutional investors and hedge funds own 70.42% of the company’s stock.

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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