Applied Optoelectronics (AAOI) to Release Quarterly Earnings on Wednesday

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Applied Optoelectronics (NASDAQ:AAOI) is scheduled to announce its earnings results after the market closes on Wednesday, November 7th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter. Applied Optoelectronics has set its Q3 guidance at $0.54-0.75 EPS.

Applied Optoelectronics (NASDAQ:AAOI) last released its earnings results on Tuesday, August 7th. The semiconductor company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.30. The business had revenue of $87.82 million during the quarter, compared to analysts’ expectations of $77.29 million. Applied Optoelectronics had a net margin of 10.95% and a return on equity of 14.77%. On average, analysts expect Applied Optoelectronics to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

AAOI stock opened at $20.04 on Wednesday. The stock has a market cap of $404.20 million, a PE ratio of 4.74, a P/E/G ratio of 1.83 and a beta of 2.61. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.22 and a quick ratio of 1.92. Applied Optoelectronics has a 52 week low of $19.07 and a 52 week high of $50.30.

A number of analysts have recently commented on AAOI shares. BidaskClub raised shares of Applied Optoelectronics from a “hold” rating to a “buy” rating in a research note on Tuesday, August 28th. Needham & Company LLC lowered shares of Applied Optoelectronics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 8th. They noted that the move was a valuation call. DA Davidson restated a “buy” rating and set a $36.00 price target on shares of Applied Optoelectronics in a research report on Monday, October 1st. Loop Capital restated a “hold” rating and set a $45.00 price target on shares of Applied Optoelectronics in a research report on Wednesday, August 8th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $43.00 price target on shares of Applied Optoelectronics in a research report on Wednesday, August 8th. Seven analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $31.78.

Applied Optoelectronics Company Profile

Applied Optoelectronics, Inc designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, transmitters and transceivers, and turn-key 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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Earnings History for Applied Optoelectronics (NASDAQ:AAOI)

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