Equities research analysts expect that NeoPhotonics Corp (NYSE:NPTN) will post earnings of ($0.11) per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for NeoPhotonics’ earnings, with the highest EPS estimate coming in at ($0.09) and the lowest estimate coming in at ($0.13). NeoPhotonics reported earnings per share of ($0.25) in the same quarter last year, which would suggest a positive year over year growth rate of 56%. The business is scheduled to issue its next quarterly earnings results on Monday, November 5th.

According to Zacks, analysts expect that NeoPhotonics will report full-year earnings of ($0.61) per share for the current fiscal year, with EPS estimates ranging from ($0.65) to ($0.56). For the next year, analysts anticipate that the business will post earnings of $0.01 per share, with EPS estimates ranging from ($0.15) to $0.26. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover NeoPhotonics.

NeoPhotonics (NYSE:NPTN) last released its earnings results on Monday, August 6th. The semiconductor company reported ($0.14) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.06. NeoPhotonics had a negative return on equity of 28.35% and a negative net margin of 20.58%. The company had revenue of $81.10 million for the quarter, compared to analysts’ expectations of $73.56 million. During the same quarter in the previous year, the business posted ($0.15) EPS. The business’s revenue for the quarter was up 10.8% on a year-over-year basis.

Several brokerages have recently issued reports on NPTN. ValuEngine lowered NeoPhotonics from a “strong-buy” rating to a “buy” rating in a report on Monday, September 17th. Rosenblatt Securities set a $13.00 price target on NeoPhotonics and gave the company a “buy” rating in a report on Saturday, July 28th. DA Davidson lifted their price target on NeoPhotonics from $6.00 to $7.50 and gave the company a “neutral” rating in a report on Tuesday, August 7th. Zacks Investment Research upgraded NeoPhotonics from a “sell” rating to a “hold” rating in a report on Wednesday, July 11th. Finally, B. Riley upgraded NeoPhotonics from a “neutral” rating to a “buy” rating and lifted their price target for the company from $6.50 to $10.00 in a report on Tuesday, August 7th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. NeoPhotonics presently has an average rating of “Buy” and an average price target of $9.94.

In related news, COO Chiyue Cheung sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $8.11, for a total value of $81,100.00. Following the completion of the sale, the chief operating officer now directly owns 5,000 shares in the company, valued at approximately $40,550. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Yuen Wupen sold 22,877 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $8.91, for a total value of $203,834.07. Following the completion of the sale, the vice president now owns 48,265 shares of the company’s stock, valued at $430,041.15. The disclosure for this sale can be found here. 16.70% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State of Wisconsin Investment Board acquired a new position in shares of NeoPhotonics during the first quarter worth approximately $1,500,000. JPMorgan Chase & Co. lifted its holdings in shares of NeoPhotonics by 485.2% during the first quarter. JPMorgan Chase & Co. now owns 57,695 shares of the semiconductor company’s stock worth $395,000 after buying an additional 47,836 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of NeoPhotonics by 1,085.4% during the first quarter. Russell Investments Group Ltd. now owns 2,906,592 shares of the semiconductor company’s stock worth $19,909,000 after buying an additional 2,661,392 shares during the last quarter. Cavalry Management Group LLC lifted its holdings in shares of NeoPhotonics by 148.3% during the first quarter. Cavalry Management Group LLC now owns 1,226,971 shares of the semiconductor company’s stock worth $8,404,000 after buying an additional 732,852 shares during the last quarter. Finally, Needham Investment Management LLC lifted its holdings in shares of NeoPhotonics by 4.8% during the first quarter. Needham Investment Management LLC now owns 220,000 shares of the semiconductor company’s stock worth $1,507,000 after buying an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 74.49% of the company’s stock.

NYSE:NPTN traded down $0.01 on Friday, hitting $8.31. 48,148 shares of the company’s stock traded hands, compared to its average volume of 540,150. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.81 and a quick ratio of 1.35. NeoPhotonics has a 1 year low of $4.56 and a 1 year high of $9.27. The stock has a market cap of $353.81 million, a PE ratio of -7.50 and a beta of 1.13.

NeoPhotonics Company Profile

NeoPhotonics Corporation develops, manufactures, and sells optoelectronic products that transmit, receive, and switch high speed digital optical signals for communications networks. It offers high speed products, including transmitter, receiver, and switching products for 100G (gigabits per second) and optical transmission applications over distances of 2 to 2,000 kilometers; optical components for coherent systems, including narrow linewidth tunable transmit and local oscillator lasers (NLW-ITLA) that generate ultra-pure wavelength or color for coherent transmission, as well as coherent micro-modulators, which encode the information on the intensity and phase of the optical beam; and integrated coherent receivers (ICRs) that decode the phase and polarization encoded coherent signals.

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Earnings History and Estimates for NeoPhotonics (NYSE:NPTN)

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