O2Micro International Limited (OIIM) Expected to Announce Quarterly Sales of $15.07 Million
Equities analysts expect that O2Micro International Limited (NASDAQ:OIIM) will announce sales of $15.07 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for O2Micro International Limited’s earnings, with the lowest sales estimate coming in at $15.00 million and the highest estimate coming in at $15.20 million. O2Micro International Limited posted sales of $13.22 million during the same quarter last year, which would indicate a positive year over year growth rate of 14%. The business is scheduled to issue its next earnings report before the market opens on Thursday, August 3rd.
According to Zacks, analysts expect that O2Micro International Limited will report full-year sales of $15.07 million for the current fiscal year, with estimates ranging from $61.90 million to $64.50 million. For the next financial year, analysts forecast that the firm will post sales of $68.83 million per share, with estimates ranging from $64.70 million to $74.10 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow O2Micro International Limited.
O2Micro International Limited (NASDAQ:OIIM) last posted its quarterly earnings results on Wednesday, May 10th. The electronics maker reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. The business had revenue of $15 million during the quarter, compared to analyst estimates of $14.70 million. O2Micro International Limited had a negative net margin of 3.55% and a negative return on equity of 0.66%. The company’s revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.08) earnings per share.
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Several large investors have recently bought and sold shares of OIIM. Essex Investment Management Co. LLC raised its position in O2Micro International Limited by 253.7% in the first quarter. Essex Investment Management Co. LLC now owns 239,230 shares of the electronics maker’s stock valued at $548,000 after buying an additional 171,598 shares during the period. Russell Investments Group Ltd. acquired a new stake in O2Micro International Limited during the fourth quarter valued at approximately $321,000. Finally, Renaissance Technologies LLC increased its stake in O2Micro International Limited by 1.4% in the fourth quarter. Renaissance Technologies LLC now owns 2,033,300 shares of the electronics maker’s stock valued at $3,660,000 after buying an additional 28,400 shares during the period. Institutional investors and hedge funds own 38.92% of the company’s stock.
O2Micro International Limited (OIIM) opened at 1.91 on Wednesday. The company’s market capitalization is $49.47 million. The stock’s 50 day moving average is $1.87 and its 200 day moving average is $2.19. O2Micro International Limited has a 52 week low of $1.56 and a 52 week high of $2.80.
O2Micro International Limited Company Profile
O2Micro International Limited designs, develops and markets power management components for the Computer, Consumer, Industrial, Automotive and Communications markets. The Company’s power management products include integrated circuits (ICs) for liquid crystal display (LCD) and light emitting diode (LED) lighting; control and monitoring of battery charging and discharging; direct current (DC)/DC and alternating current (AC)/DC conversion, and provide select and switch functionality between power sources.
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