Applied Optoelectronics Inc (NASDAQ:AAOI) Expected to Post Quarterly Sales of $42.95 Million

Brokerages expect Applied Optoelectronics Inc (NASDAQ:AAOI) to report sales of $42.95 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Applied Optoelectronics’ earnings, with estimates ranging from $42.00 million to $45.00 million. Applied Optoelectronics posted sales of $87.82 million during the same quarter last year, which suggests a negative year-over-year growth rate of 51.1%. The company is scheduled to report its next earnings report on Tuesday, August 6th.

On average, analysts expect that Applied Optoelectronics will report full-year sales of $200.52 million for the current fiscal year, with estimates ranging from $187.69 million to $214.70 million. For the next financial year, analysts expect that the company will post sales of $276.80 million, with estimates ranging from $260.60 million to $298.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Applied Optoelectronics.

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

Several equities analysts recently commented on the company. BidaskClub upgraded Applied Optoelectronics from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 13th. Zacks Investment Research upgraded Applied Optoelectronics from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. ValuEngine upgraded Applied Optoelectronics from a “sell” rating to a “hold” rating in a report on Monday, March 4th. TheStreet cut Applied Optoelectronics from a “c-” rating to a “d+” rating in a report on Thursday, May 9th. Finally, Rosenblatt Securities reiterated a “sell” rating and issued a $10.00 price objective on shares of Applied Optoelectronics in a report on Monday, April 15th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $20.50.

Applied Optoelectronics stock traded up $0.09 during midday trading on Thursday, hitting $9.20. 12,110 shares of the company’s stock were exchanged, compared to its average volume of 430,689. Applied Optoelectronics has a 52-week low of $8.56 and a 52-week high of $50.30. The stock’s 50-day moving average price is $9.47. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.82 and a current ratio of 3.12. The firm has a market capitalization of $177.83 million, a P/E ratio of 16.94 and a beta of 2.17.

Several institutional investors and hedge funds have recently bought and sold shares of the company. NumerixS Investment Technologies Inc bought a new stake in shares of Applied Optoelectronics in the 4th quarter valued at about $29,000. Neuburgh Advisers LLC raised its position in Applied Optoelectronics by 41.2% during the 4th quarter. Neuburgh Advisers LLC now owns 3,542 shares of the semiconductor company’s stock valued at $55,000 after purchasing an additional 1,034 shares during the last quarter. Advisor Group Inc. raised its position in Applied Optoelectronics by 24.4% during 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. Flinton Capital Management LLC raised its position in Applied Optoelectronics by 41.2% during the 4th quarter. Flinton Capital Management LLC now owns 5,474 shares of the semiconductor company’s stock valued at $84,000 after purchasing an additional 1,598 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new position in Applied Optoelectronics during the 4th quarter valued at approximately $85,000. Hedge funds and other institutional investors own 63.25% 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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