Zacks: Analysts Expect Applied Optoelectronics Inc (AAOI) Will Post Quarterly Sales of $69.29 Million

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.

How to Become a New Pot Stock Millionaire

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%.

Several research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a research note on Monday. Needham & Company LLC dropped their price target on shares of Applied Optoelectronics from $50.00 to $40.00 and set a “strong-buy” rating on the stock in a research note on Thursday, February 22nd. B. Riley dropped their price target on shares of Applied Optoelectronics from $32.00 to $30.50 and set a “neutral” rating on the stock in a research note on Thursday, February 22nd. Craig Hallum lowered shares of Applied Optoelectronics from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. Finally, BidaskClub lowered shares of Applied Optoelectronics from a “hold” rating to a “sell” rating in a research note on Tuesday, March 20th. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned 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 target price of $48.03.

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.

TRADEMARK VIOLATION WARNING: This piece of content was originally posted by Ticker Report and is owned by of Ticker Report. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/3335323/zacks-analysts-expect-applied-optoelectronics-inc-aaoi-will-post-quarterly-sales-of-69-29-million.html.

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.

Get a free copy of the Zacks research report on Applied Optoelectronics (AAOI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Applied Optoelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Optoelectronics and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

SmileyCoin Reaches Market Capitalization of $1.87 Million
SmileyCoin Reaches Market Capitalization of $1.87 Million
DeltaCredits Market Capitalization Reaches $0.00
DeltaCredits Market Capitalization Reaches $0.00
Reviewing Piedmont Office Realty Trust  & Sampo Group
Reviewing Piedmont Office Realty Trust & Sampo Group
Havven  Price Up 28% Over Last 7 Days
Havven Price Up 28% Over Last 7 Days
Head to Head Survey: Roper Technologies  & Mesa Laboratories
Head to Head Survey: Roper Technologies & Mesa Laboratories
Comparing PCM  & The Competition
Comparing PCM & The Competition


© 2006-2018 Ticker Report. Google+.