$0.09 EPS Expected for Oclaro Inc (OCLR) This Quarter

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Wall Street brokerages expect Oclaro Inc (NASDAQ:OCLR) to announce earnings per share (EPS) of $0.09 for the current quarter, Zacks reports. Three analysts have made estimates for Oclaro’s earnings, with estimates ranging from $0.08 to $0.09. Oclaro posted earnings per share of $0.20 during the same quarter last year, which suggests a negative year over year growth rate of 55%. The company is scheduled to issue its next earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that Oclaro will report full year earnings of $0.41 per share for the current year, with EPS estimates ranging from $0.37 to $0.44. For the next year, analysts forecast that the firm will post earnings of $0.50 per share, with EPS estimates ranging from $0.47 to $0.52. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Oclaro.

Oclaro (NASDAQ:OCLR) last issued its quarterly earnings results on Monday, August 13th. The semiconductor company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. The firm had revenue of $120.94 million during the quarter, compared to the consensus estimate of $120.22 million. Oclaro had a net margin of 11.50% and a return on equity of 13.34%.

A number of equities analysts have recently commented on the stock. BidaskClub downgraded shares of Oclaro from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 9th. ValuEngine raised shares of Oclaro from a “hold” rating to a “buy” rating in a report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. Oclaro presently has an average rating of “Hold” and a consensus price target of $9.48.

NASDAQ:OCLR opened at $8.64 on Tuesday. The stock has a market cap of $1.41 billion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 1.23 and a beta of 0.61. Oclaro has a 52 week low of $5.61 and a 52 week high of $10.20.

Several large investors have recently added to or reduced their stakes in OCLR. Legal & General Group Plc increased its position in shares of Oclaro by 1.9% during the 1st quarter. Legal & General Group Plc now owns 346,304 shares of the semiconductor company’s stock worth $3,293,000 after purchasing an additional 6,612 shares in the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of Oclaro by 109.5% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 18,153 shares of the semiconductor company’s stock worth $162,000 after purchasing an additional 9,487 shares in the last quarter. ARP Americas LP increased its position in shares of Oclaro by 6.6% during the 2nd quarter. ARP Americas LP now owns 188,141 shares of the semiconductor company’s stock worth $1,680,000 after purchasing an additional 11,594 shares in the last quarter. Gamco Investors INC. ET AL acquired a new stake in shares of Oclaro during the 3rd quarter worth about $133,000. Finally, Wells Fargo & Company MN increased its position in shares of Oclaro by 3.9% during the 3rd quarter. Wells Fargo & Company MN now owns 404,518 shares of the semiconductor company’s stock worth $3,616,000 after purchasing an additional 15,295 shares in the last quarter. 68.63% of the stock is owned by institutional investors.

Oclaro Company Profile

Oclaro, Inc designs, manufactures, and markets optical components, modules, and subsystems for the long-haul, metro, and data center markets worldwide. The company's products generate, detect, combine, and separate light signals in optical communications networks. It offers client side transceivers, including pluggable transceivers; line side transceivers; tunable laser transmitters, such as discrete lasers and co-packaged laser modulators; lithium niobate modulators to manipulate the phase or the amplitude of an optical signal; transponder modules for transmitter and receiver functions; and discrete lasers and receivers for metro and long-haul applications.

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