Equities research analysts expect that Applied Optoelectronics Inc (NASDAQ:AAOI) will announce sales of $69.29 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Applied Optoelectronics’ earnings, with the lowest sales estimate coming in at $68.75 million and the highest estimate coming in at $70.00 million. Applied Optoelectronics posted sales of $96.22 million during the same quarter last year, which suggests a negative year-over-year growth rate of 28%. The company is expected to announce its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Applied Optoelectronics will report full year sales of $69.29 million for the current financial year, with estimates ranging from $309.62 million to $367.50 million. For the next year, analysts anticipate that the business will post sales of $401.38 million per share, with estimates ranging from $366.33 million to $430.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that cover Applied Optoelectronics.
Applied Optoelectronics (NASDAQ:AAOI) last issued its earnings results on Wednesday, February 21st. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.04. The firm had revenue of $79.86 million for the quarter, compared to the consensus estimate of $86.22 million. Applied Optoelectronics had a net margin of 19.34% and a return on equity of 30.08%.
In other news, Director Richard B. Black sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $35.37, for a total transaction of $35,370.00. Following 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 legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 8.19% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. MetLife Investment Advisors LLC acquired a new stake in Applied Optoelectronics in the fourth quarter valued at $326,000. Municipal Employees Retirement System of Michigan lifted its position in Applied Optoelectronics by 27.6% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 9,280 shares of the semiconductor company’s stock worth $351,000 after acquiring an additional 2,010 shares in the last quarter. Marble Arch Investments LP raised its position in shares of Applied Optoelectronics by 104.8% in the 4th quarter. Marble Arch Investments LP now owns 360,000 shares of the semiconductor company’s stock valued at $13,615,000 after purchasing an additional 184,200 shares in the last quarter. Guggenheim Capital LLC raised its position in shares of Applied Optoelectronics by 456.2% in the 4th quarter. Guggenheim Capital LLC now owns 153,515 shares of the semiconductor company’s stock valued at $5,805,000 after purchasing an additional 125,915 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Applied Optoelectronics by 160.9% in the 4th quarter. Deutsche Bank AG now owns 46,220 shares of the semiconductor company’s stock valued at $1,746,000 after purchasing an additional 28,503 shares in the last quarter. 61.78% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ AAOI traded up $0.32 during midday trading on Tuesday, hitting $24.61. The stock had a trading volume of 750,302 shares, compared to its average volume of 1,405,146. The company has a market cap of $473.67, a PE ratio of 5.82, a P/E/G ratio of 0.90 and a beta of 2.63. Applied Optoelectronics has a 52 week low of $22.54 and a 52 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.
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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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