Applied Optoelectronics, Inc. (AAOI) Expected to Post Quarterly Sales of $87.00 Million
Analysts forecast that Applied Optoelectronics, Inc. (NASDAQ:AAOI) will post sales of $87.00 million for the current quarter, according to Zacks. Three analysts have made estimates for Applied Optoelectronics’ earnings, with the highest sales estimate coming in at $90.00 million and the lowest estimate coming in at $85.00 million. Applied Optoelectronics reported sales of $84.90 million in the same quarter last year, which would suggest a positive year over year growth rate of 2.5%. The business is expected to announce its next quarterly earnings report on Thursday, February 22nd.
On average, analysts expect that Applied Optoelectronics will report full-year sales of $87.00 million for the current financial year, with estimates ranging from $383.20 million to $402.12 million. For the next financial year, analysts expect that the business will report sales of $433.09 million per share, with estimates ranging from $390.00 million to $475.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Applied Optoelectronics.
Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.23). Applied Optoelectronics had a net margin of 21.29% and a return on equity of 32.35%. The firm had revenue of $88.90 million during the quarter, compared to analysts’ expectations of $88.53 million. During the same quarter in the prior year, the firm posted $0.38 EPS. Applied Optoelectronics’s quarterly revenue was up 26.8% compared to the same quarter last year.
A number of analysts recently issued reports on the company. BWS Financial set a $25.00 target price on Applied Optoelectronics and gave the company a “sell” rating in a research report on Sunday, October 15th. Zacks Investment Research downgraded Applied Optoelectronics from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 17th. BidaskClub raised Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. Needham & Company LLC cut their target price on Applied Optoelectronics from $75.00 to $50.00 and set a “strong-buy” rating for the company in a research note on Wednesday, November 8th. Finally, ValuEngine upgraded Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Four research analysts have rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and four have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $62.53.
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Applied Optoelectronics (NASDAQ:AAOI) traded up $0.17 during trading hours on Friday, hitting $44.97. The stock had a trading volume of 445,667 shares, compared to its average volume of 2,540,000. The firm has a market cap of $871.62, a PE ratio of 10.78, a P/E/G ratio of 0.64 and a beta of 2.90. Applied Optoelectronics has a twelve month low of $21.88 and a twelve month high of $103.41. The company has a current ratio of 2.99, a quick ratio of 2.02 and a debt-to-equity ratio of 0.12.
In other Applied Optoelectronics news, Director Richard B. Black sold 1,000 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $58.52, for a total value of $58,520.00. Following the transaction, the director now owns 38,478 shares of the company’s stock, valued at $2,251,732.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alan D. Moore purchased 22,400 shares of the company’s stock in a transaction on Monday, November 13th. The stock was bought at an average cost of $44.60 per share, for a total transaction of $999,040.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 10,000 shares of company stock worth $568,140. Corporate insiders own 8.19% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Cetera Advisor Networks LLC bought a new stake in Applied Optoelectronics in the third quarter worth $243,000. TT International bought a new stake in Applied Optoelectronics in the third quarter worth $19,089,000. California Public Employees Retirement System boosted its holdings in Applied Optoelectronics by 9.0% in the third quarter. California Public Employees Retirement System now owns 50,807 shares of the semiconductor company’s stock worth $3,286,000 after purchasing an additional 4,207 shares in the last quarter. Krilogy Financial LLC bought a new stake in Applied Optoelectronics in the third quarter worth $170,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in Applied Optoelectronics by 27.6% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,488 shares of the semiconductor company’s stock worth $548,000 after purchasing an additional 1,838 shares in the last quarter. Institutional investors and hedge funds own 83.33% of the company’s stock.
Applied Optoelectronics Company Profile
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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