Applied Optoelectronics, Inc. (NASDAQ:AAOI) Expected to Post Earnings of -$0.31 Per Share

Analysts expect Applied Optoelectronics, Inc. (NASDAQ:AAOIGet Rating) to announce earnings per share (EPS) of ($0.31) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Applied Optoelectronics’ earnings, with estimates ranging from ($0.33) to ($0.28). Applied Optoelectronics posted earnings of ($0.21) per share in the same quarter last year, which would suggest a negative year over year growth rate of 47.6%. The business is scheduled to issue its next quarterly earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Applied Optoelectronics will report full year earnings of ($0.87) per share for the current fiscal year, with EPS estimates ranging from ($1.07) to ($0.72). For the next financial year, analysts forecast that the business will post earnings of ($0.30) per share, with EPS estimates ranging from ($0.47) to ($0.12). Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Applied Optoelectronics.

Applied Optoelectronics (NASDAQ:AAOIGet Rating) last posted its quarterly earnings data on Thursday, February 24th. The semiconductor company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.01. The company had revenue of $54.41 million for the quarter, compared to analyst estimates of $53.37 million. Applied Optoelectronics had a negative return on equity of 11.62% and a negative net margin of 25.60%.

A number of research firms have recently weighed in on AAOI. StockNews.com upgraded Applied Optoelectronics from a “sell” rating to a “hold” rating in a research report on Thursday, March 24th. Rosenblatt Securities dropped their target price on Applied Optoelectronics from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday, February 25th. Zacks Investment Research upgraded Applied Optoelectronics from a “sell” rating to a “hold” rating in a report on Wednesday, January 19th. B. Riley dropped their price objective on Applied Optoelectronics from $6.50 to $4.70 in a report on Friday, February 25th. Finally, Craig Hallum downgraded Applied Optoelectronics from a “hold” rating to a “sell” rating and dropped their price objective for the company from $7.00 to $2.50 in a report on Friday, February 25th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.61.

Shares of AAOI stock traded down $0.12 on Friday, reaching $2.84. 255,734 shares of the stock were exchanged, compared to its average volume of 392,858. The stock has a market cap of $78.12 million, a PE ratio of -1.41 and a beta of 1.67. Applied Optoelectronics has a one year low of $2.76 and a one year high of $9.25. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.78 and a quick ratio of 0.93. The stock has a 50 day moving average price of $3.47 and a 200 day moving average price of $4.89.

Several institutional investors have recently made changes to their positions in the business. Vident Investment Advisory LLC increased its holdings in shares of Applied Optoelectronics by 417.0% in the fourth quarter. Vident Investment Advisory LLC now owns 66,842 shares of the semiconductor company’s stock worth $344,000 after acquiring an additional 53,912 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Applied Optoelectronics in the fourth quarter worth about $278,000. Schonfeld Strategic Advisors LLC boosted its position in shares of Applied Optoelectronics by 14.4% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 41,200 shares of the semiconductor company’s stock worth $212,000 after buying an additional 5,200 shares during the period. Millennium Management LLC acquired a new position in shares of Applied Optoelectronics during the fourth quarter worth about $870,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Applied Optoelectronics during the fourth quarter worth about $309,000. Institutional investors own 47.64% of the company’s stock.

Applied Optoelectronics Company Profile (Get Rating)

Applied Optoelectronics, Inc designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, subassemblies, 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 telecom equipment manufacturers, and internet service providers through its direct and indirect sales channels.

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