Wall Street brokerages expect that Applied Optoelectronics Inc (NASDAQ:AAOI) will announce earnings per share (EPS) of ($0.37) for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Applied Optoelectronics’ earnings. The lowest EPS estimate is ($0.39) and the highest is ($0.35). Applied Optoelectronics reported earnings of $0.64 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 157.8%. The firm is scheduled to announce its next earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that Applied Optoelectronics will report full-year earnings of ($1.09) per share for the current fiscal year, with EPS estimates ranging from ($1.35) to ($0.82). For the next year, analysts expect that the company will report earnings of $0.03 per share, with EPS estimates ranging from ($0.49) to $0.66. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Applied Optoelectronics.

Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings data on Wednesday, May 8th. The semiconductor company reported ($0.27) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $52.72 million for the quarter, compared to the consensus estimate of $52.86 million. During the same quarter last year, the business posted $0.28 EPS. The business’s revenue for the quarter was down 19.2% on a year-over-year basis.

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

Shares of NASDAQ:AAOI traded up $0.09 during trading hours on Tuesday, hitting $9.20. 12,110 shares of the company’s stock traded hands, 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 company has a debt-to-equity ratio of 0.32, a quick ratio of 1.82 and a current ratio of 3.12. The company’s fifty day simple moving average is $9.47. The stock has a market cap 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 made changes to their positions in AAOI. BlackRock Inc. lifted its position in shares of Applied Optoelectronics by 0.8% in the fourth quarter. BlackRock Inc. now owns 2,823,899 shares of the semiconductor company’s stock worth $43,573,000 after purchasing an additional 22,134 shares in the last quarter. Investment Counselors of Maryland LLC lifted its position in shares of Applied Optoelectronics by 2.2% in the fourth quarter. Investment Counselors of Maryland LLC now owns 449,510 shares of the semiconductor company’s stock worth $6,936,000 after purchasing an additional 9,529 shares in the last quarter. Royce & Associates LP purchased a new stake in shares of Applied Optoelectronics in the first quarter worth approximately $3,908,000. Deutsche Bank AG lifted its position in shares of Applied Optoelectronics by 521.4% in the fourth quarter. Deutsche Bank AG now owns 236,345 shares of the semiconductor company’s stock worth $3,646,000 after purchasing an additional 198,312 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of Applied Optoelectronics by 577.5% in the fourth quarter. Prudential Financial Inc. now owns 211,649 shares of the semiconductor company’s stock worth $3,266,000 after purchasing an additional 180,409 shares in the last quarter. Institutional investors own 63.25% 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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