Wall Street analysts expect Applied Optoelectronics Inc (NASDAQ:AAOI) to post earnings per share (EPS) of $0.44 for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Applied Optoelectronics’ earnings, with estimates ranging from $0.35 to $0.52. Applied Optoelectronics reported earnings of $1.54 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 71.4%. The company is scheduled to issue its next quarterly earnings report on Thursday, August 2nd.

On average, analysts expect that Applied Optoelectronics will report full year earnings of $2.14 per share for the current year, with EPS estimates ranging from $1.84 to $2.56. For the next financial year, analysts forecast that the company will report earnings of $3.05 per share, with EPS estimates ranging from $2.39 to $3.53. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Applied Optoelectronics.

Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings data on Tuesday, May 8th. The semiconductor company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.05). Applied Optoelectronics had a return on equity of 20.82% and a net margin of 16.02%. The firm had revenue of $65.20 million during the quarter, compared to the consensus estimate of $68.94 million. During the same period in the prior year, the firm posted $1.10 EPS. The firm’s quarterly revenue was down 32.2% on a year-over-year basis.

A number of equities research analysts have recently issued reports on AAOI shares. ValuEngine raised Applied Optoelectronics from a “sell” rating to a “hold” rating in a research report on Saturday, May 26th. BidaskClub raised Applied Optoelectronics from a “hold” rating to a “buy” rating in a research report on Wednesday, May 9th. Needham & Company LLC cut their target price on Applied Optoelectronics from $50.00 to $40.00 and set a “strong-buy” rating on the stock in a research report on Thursday, February 22nd. Zacks Investment Research lowered Applied Optoelectronics from a “hold” rating to a “sell” rating in a research report on Wednesday, May 9th. Finally, Rosenblatt Securities started coverage on Applied Optoelectronics in a research report on Monday. They set a “sell” rating and a $30.00 target price on the stock. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and four have issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $46.53.

In other Applied Optoelectronics news, CFO Stefan J. Murry sold 3,000 shares of the business’s stock in a transaction dated Thursday, June 7th. The stock was sold at an average price of $44.25, for a total value of $132,750.00. Following the transaction, the chief financial officer now owns 67,695 shares in the company, valued at $2,995,503.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.90% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Royce & Associates LP purchased a new position in Applied Optoelectronics in the fourth quarter valued at about $1,467,000. OppenheimerFunds Inc. grew its stake in Applied Optoelectronics by 51.1% in the fourth quarter. OppenheimerFunds Inc. now owns 6,394 shares of the semiconductor company’s stock valued at $242,000 after purchasing an additional 2,161 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in Applied Optoelectronics by 289.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 14,490 shares of the semiconductor company’s stock valued at $548,000 after purchasing an additional 10,770 shares in the last quarter. BlackRock Inc. grew its stake in Applied Optoelectronics by 1.8% in the fourth quarter. BlackRock Inc. now owns 2,337,680 shares of the semiconductor company’s stock valued at $88,411,000 after purchasing an additional 41,243 shares in the last quarter. Finally, Financial Gravity Companies Inc. purchased a new position in Applied Optoelectronics in the fourth quarter valued at about $134,000. Hedge funds and other institutional investors own 68.56% of the company’s stock.

Shares of AAOI traded up $0.16 during midday trading on Friday, reaching $43.74. The stock had a trading volume of 791,603 shares, compared to its average volume of 1,453,361. Applied Optoelectronics has a 52 week low of $22.54 and a 52 week high of $103.41. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.14 and a current ratio of 3.46. The company has a market capitalization of $832.50 million, a PE ratio of 10.35, a P/E/G ratio of 2.24 and a beta of 2.71.

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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