Brokerages Anticipate Applied Optoelectronics Inc (AAOI) Will Post Earnings of $0.82 Per Share

Equities analysts forecast that Applied Optoelectronics Inc (NASDAQ:AAOI) will report $0.82 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Applied Optoelectronics’ earnings, with estimates ranging from $0.72 to $0.93. Applied Optoelectronics posted earnings per share of $0.84 during the same quarter last year, which would indicate a negative year over year growth rate of 2.4%. The firm is expected to issue its next earnings results after the market closes on Wednesday, February 21st.

According to Zacks, analysts expect that Applied Optoelectronics will report full year earnings of $4.55 per share for the current financial year, with EPS estimates ranging from $4.43 to $4.65. For the next fiscal year, analysts anticipate that the business will post earnings of $3.58 per share, with EPS estimates ranging from $3.15 to $4.46. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Applied Optoelectronics.

Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.23). The business had revenue of $88.90 million during the quarter, compared to analysts’ expectations of $88.53 million. Applied Optoelectronics had a net margin of 21.29% and a return on equity of 32.35%. The company’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 EPS.

A number of research analysts recently commented on AAOI shares. DA Davidson reissued a “buy” rating and issued a $69.00 price target on shares of Applied Optoelectronics in a report on Wednesday, November 8th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $63.00 target price on shares of Applied Optoelectronics in a report on Friday, October 13th. Craig Hallum reaffirmed a “buy” rating and set a $80.00 target price (down previously from $95.00) on shares of Applied Optoelectronics in a report on Tuesday, October 3rd. Cowen reaffirmed a “buy” rating and set a $60.00 target price (down previously from $74.00) on shares of Applied Optoelectronics in a report on Thursday, December 7th. Finally, TheStreet downgraded Applied Optoelectronics from a “b-” rating to a “c” rating in a report on Wednesday, November 15th. Five research analysts have rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and four have issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $57.98.

Shares of Applied Optoelectronics (NASDAQ AAOI) traded up $0.59 on Tuesday, reaching $35.09. The company had a trading volume of 695,472 shares, compared to its average volume of 1,230,000. The stock has a market capitalization of $680.12, a P/E ratio of 8.37, a P/E/G ratio of 0.69 and a beta of 2.88. Applied Optoelectronics has a 1 year low of $29.40 and a 1 year high of $103.41. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.99 and a quick ratio of 2.02.

In related news, Director Alan D. Moore purchased 22,400 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average price of $44.60 per share, with a total value of $999,040.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Chih-Hsiang (Thompson) Lin sold 1,300 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $45.30, for a total value of $58,890.00. Following the completion of the sale, the chief executive officer now directly owns 522,837 shares in the company, valued at approximately $23,684,516.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,900 shares of company stock worth $340,554. 8.19% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in AAOI. Flinton Capital Management LLC bought a new stake in shares of Applied Optoelectronics in the 2nd quarter worth approximately $115,000. Citigroup Inc. lifted its holdings in shares of Applied Optoelectronics by 96.2% in the 2nd quarter. Citigroup Inc. now owns 2,025 shares of the semiconductor company’s stock worth $126,000 after purchasing an additional 993 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Applied Optoelectronics in the 2nd quarter worth approximately $137,000. Pinebridge Investments L.P. bought a new stake in shares of Applied Optoelectronics in the 2nd quarter worth approximately $144,000. Finally, PNC Financial Services Group Inc. bought a new stake in shares of Applied Optoelectronics in the 2nd quarter worth approximately $149,000. 76.55% of the stock is currently owned by institutional investors and hedge funds.

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Applied Optoelectronics Company Profile

Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television (CATV), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment.

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