$0.33 EPS Expected for Applied Optoelectronics Inc (AAOI) This Quarter

Analysts expect Applied Optoelectronics Inc (NASDAQ:AAOI) to announce earnings per share (EPS) of $0.33 for the current fiscal quarter, Zacks reports. Four analysts have issued 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 in the same quarter last year, which would suggest a negative year-over-year growth rate of 70%. The business is scheduled to issue its next quarterly earnings report on Thursday, May 3rd.

According to Zacks, analysts expect that Applied Optoelectronics will report full-year earnings of $2.35 per share for the current year, with EPS estimates ranging from $1.84 to $3.20. For the next fiscal year, analysts forecast that the company 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 cover Applied Optoelectronics.

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

A number of equities research analysts have commented on AAOI shares. Cowen reiterated a “buy” rating and issued a $60.00 price target (down from $74.00) on shares of Applied Optoelectronics in a research note on Thursday, December 7th. DA Davidson set a $55.00 price target on Applied Optoelectronics and gave the company a “buy” rating in a research note on Thursday, February 22nd. ValuEngine cut Applied Optoelectronics from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Craig Hallum set a $32.00 price target on Applied Optoelectronics and gave the company a “hold” rating in a research note on Tuesday, February 13th. Finally, Zacks Investment Research upgraded Applied Optoelectronics from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and four have issued a strong buy rating to the company. Applied Optoelectronics currently has a consensus rating of “Hold” and an average price target of $48.03.

Applied Optoelectronics stock opened at $24.00 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.25 and a quick ratio of 2.18. Applied Optoelectronics has a one year low of $23.51 and a one year high of $103.41. The stock has a market capitalization of $468.41, a price-to-earnings ratio of 5.67, a price-to-earnings-growth ratio of 0.89 and a beta of 2.63.

In other news, Director Richard B. Black sold 1,000 shares of the firm’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $35.37, for a total value of $35,370.00. Following the completion of the transaction, the director now directly owns 34,478 shares in the company, valued at $1,219,486.86. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 8.19% of the company’s stock.

Several large investors have recently made changes to their positions in AAOI. Crossmark Global Holdings Inc. purchased a new position in shares of Applied Optoelectronics in the third quarter worth about $241,000. Prudential Financial Inc. raised its stake in shares of Applied Optoelectronics by 12.8% in the third quarter. Prudential Financial Inc. now owns 34,110 shares of the semiconductor company’s stock worth $2,206,000 after purchasing an additional 3,880 shares during the last quarter. Principal Financial Group Inc. raised its position in Applied Optoelectronics by 10.4% during the third quarter. Principal Financial Group Inc. now owns 160,471 shares of the semiconductor company’s stock valued at $10,378,000 after acquiring an additional 15,144 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in Applied Optoelectronics by 73.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 7,270 shares of the semiconductor company’s stock valued at $470,000 after acquiring an additional 3,090 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Applied Optoelectronics by 7.1% during the third quarter. Rhumbline Advisers now owns 37,039 shares of the semiconductor company’s stock valued at $2,395,000 after acquiring an additional 2,466 shares in the last quarter. Hedge funds and other institutional investors own 61.78% of the company’s stock.

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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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