Zacks: Analysts Anticipate Applied Optoelectronics (AAOI) to Post $0.33 EPS

Wall Street analysts predict that Applied Optoelectronics (NASDAQ:AAOI) will announce $0.33 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Applied Optoelectronics’ earnings. The lowest EPS estimate is $0.30 and the highest is $0.40. Applied Optoelectronics reported earnings of $1.10 per share during the same quarter last year, which indicates a negative year over year growth rate of 70%. The firm is scheduled to report its next earnings report after the market closes on Tuesday, May 8th.

On average, analysts expect that Applied Optoelectronics will report full-year earnings of $2.35 per share for the current financial year, with EPS estimates ranging from $1.84 to $3.20. For the next financial year, analysts forecast that the firm will report earnings of $3.20 per share, with EPS estimates ranging from $2.33 to $4.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Applied Optoelectronics.

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Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. Applied Optoelectronics had a net margin of 19.34% and a return on equity of 30.08%. The firm had revenue of $79.86 million for the quarter, compared to analyst estimates of $86.22 million.

A number of equities research analysts have commented on AAOI shares. Zacks Investment Research downgraded Applied Optoelectronics from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 2nd. BidaskClub raised Applied Optoelectronics from a “sell” rating to a “hold” rating in a report on Tuesday, March 13th. Cowen reaffirmed an “outperform” rating and set a $53.00 price target (down previously from $60.00) on shares of Applied Optoelectronics in a research note on Thursday, February 22nd. Loop Capital assumed coverage on Applied Optoelectronics in a research note on Monday, January 29th. They set a “hold” rating and a $35.00 price target for the company. Finally, Craig Hallum set a $32.00 price target on Applied Optoelectronics and gave the stock a “hold” rating in a research note on Tuesday, February 13th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and four have given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $48.03.

Applied Optoelectronics stock traded down $0.04 during midday trading on Wednesday, reaching $28.29. The company’s stock had a trading volume of 1,074,429 shares, compared to its average volume of 1,433,937. Applied Optoelectronics has a fifty-two week low of $22.54 and a fifty-two week high of $103.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.18 and a current ratio of 3.25. The company has a market cap of $584.44, a P/E ratio of 6.69, a price-to-earnings-growth ratio of 1.11 and a beta of 2.63.

A number of hedge funds have recently made changes to their positions in AAOI. Resources Investment Advisors Inc. grew its holdings in Applied Optoelectronics by 218.5% in the 4th quarter. Resources Investment Advisors Inc. now owns 2,796 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 1,918 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new position in Applied Optoelectronics during the 4th quarter worth approximately $113,000. Financial Gravity Companies Inc. acquired a new position in Applied Optoelectronics during the 4th quarter worth approximately $134,000. Teacher Retirement System of Texas acquired a new position in Applied Optoelectronics during the 4th quarter worth approximately $232,000. Finally, OppenheimerFunds Inc. lifted its position in Applied Optoelectronics by 51.1% during the 4th quarter. OppenheimerFunds Inc. now owns 6,394 shares of the semiconductor company’s stock worth $242,000 after acquiring an additional 2,161 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

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About Applied Optoelectronics

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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