Applied Optoelectronics, Inc. (NASDAQ:AAOI) Expected to Post Quarterly Sales of $57.17 Million

Analysts expect that Applied Optoelectronics, Inc. (NASDAQ:AAOIGet Rating) will post $57.17 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Applied Optoelectronics’ earnings. The lowest sales estimate is $56.90 million and the highest is $57.50 million. Applied Optoelectronics reported sales of $54.19 million during the same quarter last year, which would suggest a positive year over year growth rate of 5.5%. The business is expected to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Applied Optoelectronics will report full-year sales of $234.12 million for the current financial year, with estimates ranging from $230.65 million to $237.00 million. For the next financial year, analysts expect that the company will post sales of $273.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Applied Optoelectronics.

Applied Optoelectronics (NASDAQ:AAOIGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The semiconductor company reported ($0.29) EPS for the quarter, beating the consensus estimate of ($0.31) by $0.02. Applied Optoelectronics had a negative return on equity of 12.75% and a negative net margin of 25.50%. During the same period in the previous year, the business posted ($0.30) earnings per share.

A number of brokerages have issued reports on AAOI. Craig Hallum cut Applied Optoelectronics from a “hold” rating to a “sell” rating and decreased their target price for the stock from $7.00 to $2.50 in a research report on Friday, February 25th. B. Riley cut their target price on Applied Optoelectronics from $4.70 to $3.20 in a research note on Friday, May 6th. StockNews.com upgraded Applied Optoelectronics from a “sell” rating to a “hold” rating in a research note on Thursday, March 24th. Zacks Investment Research upgraded Applied Optoelectronics from a “sell” rating to a “hold” rating in a report on Wednesday, January 19th. Finally, Rosenblatt Securities decreased their price target on Applied Optoelectronics from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, February 25th.

Large investors have recently added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC bought a new position in shares of Applied Optoelectronics during the 4th quarter valued at about $25,000. Confluence Wealth Services Inc. bought a new position in shares of Applied Optoelectronics during the 4th quarter valued at about $40,000. WINTON GROUP Ltd acquired a new stake in Applied Optoelectronics in the 4th quarter valued at approximately $53,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Applied Optoelectronics in the 4th quarter valued at approximately $54,000. Finally, LPL Financial LLC acquired a new stake in Applied Optoelectronics in the 4th quarter valued at approximately $64,000. Institutional investors and hedge funds own 45.88% of the company’s stock.

Shares of Applied Optoelectronics stock opened at $2.33 on Friday. The stock has a market capitalization of $64.38 million, a P/E ratio of -1.16 and a beta of 1.75. The company has a quick ratio of 0.87, a current ratio of 1.66 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average price of $3.04 and a two-hundred day moving average price of $4.35. Applied Optoelectronics has a 12-month low of $2.01 and a 12-month high of $9.25.

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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