-$0.11 EPS Expected for NeoPhotonics Corp (NPTN) This Quarter

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Wall Street analysts expect that NeoPhotonics Corp (NYSE:NPTN) will report earnings of ($0.11) per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made 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 of ($0.25) per share in the same quarter last year, which suggests a positive year over year growth rate of 56%. The company is expected to announce its next quarterly earnings report on Monday, November 5th.

On average, analysts expect that NeoPhotonics will report full year earnings of ($0.61) per share for the current year, with EPS estimates ranging from ($0.65) to ($0.56). For the next fiscal year, analysts expect that the business will report earnings of $0.01 per share, with EPS estimates ranging from ($0.15) to $0.26. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for NeoPhotonics.

NeoPhotonics (NYSE:NPTN) last announced its quarterly earnings results on Monday, August 6th. The semiconductor company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.06. NeoPhotonics had a negative net margin of 20.58% and a negative return on equity of 28.35%. 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) earnings per share. NeoPhotonics’s quarterly revenue was up 10.8% on a year-over-year basis.

A number of analysts recently weighed in on the stock. DA Davidson upped their price objective on shares of NeoPhotonics from $6.00 to $7.50 and gave the stock a “neutral” rating in a research note on Tuesday, August 7th. Zacks Investment Research upgraded shares of NeoPhotonics from a “sell” rating to a “hold” rating in a report on Wednesday, July 11th. ValuEngine upgraded shares of NeoPhotonics from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 2nd. Rosenblatt Securities set a $13.00 price target on shares of NeoPhotonics and gave the stock a “buy” rating in a report on Saturday, July 28th. Finally, B. Riley upgraded shares of NeoPhotonics from a “neutral” rating to a “buy” rating and increased their price target for the stock from $6.50 to $10.00 in a report on Tuesday, August 7th. Two analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $10.00.

Shares of NYSE NPTN traded up $0.43 during mid-day trading on Monday, reaching $7.58. The company had a trading volume of 501,635 shares, compared to its average volume of 819,889. The company has a current ratio of 1.81, a quick ratio of 1.35 and a debt-to-equity ratio of 0.27. The stock has a market cap of $376.01 million, a PE ratio of -6.89 and a beta of 1.10. NeoPhotonics has a 52 week low of $4.56 and a 52 week high of $9.27.

In other NeoPhotonics 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 owns 5,000 shares in the company, valued at $40,550. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Yuen Wupen sold 22,877 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $8.91, for a total value of $203,834.07. Following the completion of the transaction, the vice president now directly owns 48,265 shares in the company, valued at approximately $430,041.15. The disclosure for this sale can be found here. Company insiders own 16.70% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Fox Run Management L.L.C. acquired a new stake in NeoPhotonics in the third quarter valued at $100,000. IPG Investment Advisors LLC purchased a new position in NeoPhotonics during the second quarter worth about $125,000. Levin Capital Strategies L.P. purchased a new position in NeoPhotonics during the first quarter worth about $137,000. Dynamic Technology Lab Private Ltd acquired a new stake in NeoPhotonics during the second quarter worth about $244,000. Finally, Barclays PLC increased its stake in NeoPhotonics by 123.9% during the first quarter. Barclays PLC now owns 42,139 shares of the semiconductor company’s stock worth $288,000 after acquiring an additional 23,316 shares during the last quarter. 74.49% of the stock is currently owned by hedge funds and other institutional investors.

About NeoPhotonics

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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