Applied Optoelectronics, Inc. (NASDAQ:AAOI) Expected to Post Quarterly Sales of $52.84 Million
Stock analysts expect Applied Optoelectronics, Inc. (NASDAQ:AAOI – Get a rating) will announce revenue of $52.84 million for the current quarter, Zacks reports. Three analysts provided earnings estimates for Applied Optoelectronics, with the lowest sales estimate of $52.41 million and the highest estimate of $53.10 million. Applied Optoelectronics reported sales of $49.70 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.3%. The company is due to release its next quarterly results on Monday, January 1.
According to Zacks, analysts expect Applied Optoelectronics to report annual sales of $231.89 million for the current fiscal year, with estimates ranging from $219.76 million to $238.90 million. . For the next fiscal year, analysts expect the company to report sales of $267.30 million. Zacks sales calculations are an average based on a survey of sell-side research companies that provide coverage for Applied Optoelectronics.
Applied optoelectronics (NASDAQ:AAOI – Get a rating) last released its quarterly results on Thursday, February 24. The semiconductor company reported ($0.32) earnings per share (EPS) for the quarter, beating the Zacks consensus estimate of ($0.33) by $0.01. The company posted revenue of $54.41 million for the quarter, versus 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 analysts have recently released reports on the company. Craig Hallum downgraded Applied Optoelectronics from a “hold” rating to a “sell” rating and lowered its price target for the stock from $7.00 to $2.50 in a Friday 25 research note. february. Rosenblatt Securities lowered its price target on Applied Optoelectronics from $8.00 to $6.00 and set a “neutral” rating on the stock in a Friday, Feb. 25 research note. B. Riley lowered his price target on Applied Optoelectronics from $6.50 to $4.70 in a Friday, February 25 research note. Zacks Investment Research upgraded Applied Optoelectronics from a “sell” to a “hold” rating in a Wednesday, Jan. 19 research note. To finish, StockNews.com upgraded Applied Optoelectronics from a “sell” to a “hold” rating in a Thursday, March 24 research note. One investment analyst gave the stock a sell rating and four gave the company a hold rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.61.
Shares of NASDAQ:AAOI traded down $0.12 during Friday’s trading, hitting $3.10. The stock recorded a trading volume of 159,685 shares, compared to an average volume of 288,546. The company has a debt ratio of 0.36, a quick ratio of 0.93 and a current ratio of 1. ,78. The company has a fifty-day moving average price of $3.63 and a 200-day moving average price of $5.12. The stock has a market capitalization of $85.28 million, a PE ratio of -1.53 and a beta of 1.67. Applied Optoelectronics has a 1 year minimum of $3.00 and a 1 year maximum of $9.25.
A number of large investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in Applied Optoelectronics by 3.2% in the third quarter. BlackRock Inc. now owns 3,090,324 shares of the semiconductor company valued at $22,187,000 after purchasing an additional 94,649 shares during the period. Royce & Associates LP increased its position in Applied Optoelectronics by 21.8% in the fourth quarter. Royce & Associates LP now owns 1,208,325 shares of the semiconductor company valued at $6,211,000 after purchasing an additional 216,000 shares during the period. Kovack Advisors Inc. increased its position in Applied Optoelectronics by 28.3% in the fourth quarter. Kovack Advisors Inc. now owns 825,201 shares of the semiconductor company valued at $4,242,000 after purchasing an additional 181,895 shares during the period. Two Sigma Advisers LP increased its position in Applied Optoelectronics by 405.3% in the third quarter. Two Sigma Advisers LP now owns 373,900 shares of the semiconductor company valued at $2,685,000 after purchasing an additional 299,900 shares during the period. Finally, Two Sigma Investments LP increased its position in Applied Optoelectronics by 50.2% in the third quarter. Two Sigma Investments LP now owns 353,532 shares of the semiconductor company valued at $2,538,000 after purchasing an additional 118,217 shares during the period. Institutional investors hold 47.64% of the company’s shares.
About Applied Optoelectronics (Get a rating)
Applied Optoelectronics, Inc designs, manufactures and sells various fiber optic networking products worldwide. It offers optical modules, lasers, sub-assemblies, transmitters and transceivers and turnkey 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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