Brokerages forecast that Applied Optoelectronics Inc (NASDAQ:AAOI) will post sales of $47.84 million for the current quarter, Zacks reports. Five analysts have provided estimates for Applied Optoelectronics’ earnings. The highest sales estimate is $49.00 million and the lowest is $47.35 million. Applied Optoelectronics posted sales of $58.02 million in the same quarter last year, which suggests a negative year-over-year growth rate of 17.5%. The firm is scheduled to issue its next earnings report on Thursday, February 20th.

On average, analysts expect that Applied Optoelectronics will report full-year sales of $190.08 million for the current financial year, with estimates ranging from $189.57 million to $191.20 million. For the next fiscal year, analysts anticipate that the company will post sales of $220.18 million, with estimates ranging from $195.59 million to $250.00 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Applied Optoelectronics.

Applied Optoelectronics (NASDAQ:AAOI) last announced its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported ($0.15) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.09. The company had revenue of $46.08 million for the quarter, compared to analysts’ expectations of $47.75 million. Applied Optoelectronics had a negative net margin of 19.57% and a negative return on equity of 8.12%. The business’s revenue was down 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.

Several equities analysts have recently issued reports on AAOI shares. JPMorgan Chase & Co. cut shares of Applied Optoelectronics from a “neutral” rating to an “underweight” rating and set a $11.00 price objective on the stock. in a research note on Tuesday, October 22nd. They noted that the move was a valuation call. Rosenblatt Securities raised shares of Applied Optoelectronics from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $10.00 to $13.00 in a research note on Tuesday, November 5th. BidaskClub raised shares of Applied Optoelectronics from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Zacks Investment Research cut shares of Applied Optoelectronics from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $11.58.

Institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its holdings in shares of Applied Optoelectronics by 76.3% in the third quarter. Tower Research Capital LLC TRC now owns 2,637 shares of the semiconductor company’s stock worth $30,000 after buying an additional 1,141 shares during the period. Meadow Creek Investment Management LLC boosted its holdings in shares of Applied Optoelectronics by 37.1% in the second quarter. Meadow Creek Investment Management LLC now owns 4,848 shares of the semiconductor company’s stock worth $50,000 after buying an additional 1,312 shares during the period. Neuburgh Advisers LLC boosted its holdings in shares of Applied Optoelectronics by 37.1% in the second quarter. Neuburgh Advisers LLC now owns 6,666 shares of the semiconductor company’s stock worth $68,000 after buying an additional 1,804 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in shares of Applied Optoelectronics by 27.2% in the third quarter. Steward Partners Investment Advisory LLC now owns 6,430 shares of the semiconductor company’s stock worth $72,000 after buying an additional 1,375 shares during the period. Finally, Riverhead Capital Management LLC boosted its holdings in shares of Applied Optoelectronics by 35.2% in the second quarter. Riverhead Capital Management LLC now owns 7,685 shares of the semiconductor company’s stock worth $79,000 after buying an additional 2,000 shares during the period. Institutional investors own 61.67% of the company’s stock.

Shares of AAOI traded down $1.25 during mid-day trading on Friday, hitting $14.35. The company’s stock had a trading volume of 2,333,187 shares, compared to its average volume of 1,001,335. The firm has a 50-day moving average price of $11.52 and a 200 day moving average price of $10.51. The stock has a market capitalization of $288.62 million, a price-to-earnings ratio of 27.07 and a beta of 2.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.96 and a quick ratio of 1.68. Applied Optoelectronics has a fifty-two week low of $8.34 and a fifty-two week high of $18.04.

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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