Equities research analysts expect that Applied Optoelectronics Inc (NASDAQ:AAOI) will post $60.78 million in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Applied Optoelectronics’ earnings, with the highest sales estimate coming in at $62.00 million and the lowest estimate coming in at $59.78 million. Applied Optoelectronics posted sales of $79.86 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 23.9%. The company is expected to announce its next earnings results on Wednesday, February 20th.

According to Zacks, analysts expect that Applied Optoelectronics will report full year sales of $270.23 million for the current financial year, with estimates ranging from $269.23 million to $271.50 million. For the next year, analysts expect that the business will report sales of $321.61 million, with estimates ranging from $295.50 million to $375.10 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Applied Optoelectronics.

Applied Optoelectronics (NASDAQ:AAOI) last posted its earnings results on Wednesday, November 7th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.25. The business had revenue of $56.40 million for the quarter, compared to analyst estimates of $56.55 million. Applied Optoelectronics had a net margin of 4.20% and a return on equity of 8.73%. The company’s revenue for the quarter was down 36.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 EPS.

A number of equities research analysts recently weighed in on the company. BidaskClub cut Applied Optoelectronics from a “hold” rating to a “sell” rating in a research note on Friday, September 21st. Loop Capital lowered shares of Applied Optoelectronics from a “hold” rating to a “sell” rating and dropped their price target for the company from $45.00 to $20.00 in a research report on Thursday, September 27th. JPMorgan Chase & Co. downgraded shares of Applied Optoelectronics to a “sell” rating in a research note on Thursday, September 27th. ValuEngine cut Applied Optoelectronics from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 27th. Finally, Piper Jaffray Companies restated a “neutral” rating and issued a $29.00 price target on shares of Applied Optoelectronics in a research note on Friday, September 28th. Six equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $24.40.

AAOI traded down $0.38 during trading hours on Friday, reaching $16.01. 6,020 shares of the stock traded hands, compared to its average volume of 520,688. The firm has a market cap of $319.15 million, a price-to-earnings ratio of 3.77, a PEG ratio of 0.62 and a beta of 2.60. Applied Optoelectronics has a fifty-two week low of $13.42 and a fifty-two week high of $50.30. The company has a current ratio of 2.60, a quick ratio of 1.30 and a debt-to-equity ratio of 0.19.

In other Applied Optoelectronics news, CFO Stefan J. Murry sold 2,000 shares of Applied Optoelectronics stock in a transaction on Wednesday, December 19th. The stock was sold at an average price of $15.40, for a total value of $30,800.00. Following the completion of the sale, the chief financial officer now owns 64,520 shares of the company’s stock, valued at approximately $993,608. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 6.90% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in Applied Optoelectronics by 10.6% in the second quarter. BlackRock Inc. now owns 2,827,109 shares of the semiconductor company’s stock valued at $126,935,000 after purchasing an additional 271,712 shares during the period. Teachers Advisors LLC grew its holdings in Applied Optoelectronics by 701.1% during the 3rd quarter. Teachers Advisors LLC now owns 290,563 shares of the semiconductor company’s stock worth $7,165,000 after acquiring an additional 254,292 shares during the last quarter. Rehmann Capital Advisory Group acquired a new stake in Applied Optoelectronics during the 3rd quarter worth approximately $9,316,000. TIAA CREF Investment Management LLC boosted its position in Applied Optoelectronics by 277.6% during the third quarter. TIAA CREF Investment Management LLC now owns 154,557 shares of the semiconductor company’s stock worth $3,811,000 after purchasing an additional 113,627 shares during the period. Finally, Trafelet Brokaw Capital Management L.P. acquired a new position in Applied Optoelectronics during the third quarter worth about $1,907,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

About Applied Optoelectronics

Applied Optoelectronics, Inc designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to Internet data center operators, cable television and telecommunications equipment manufacturers, and Internet service providers through its direct and indirect sales channels.

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