Wall Street brokerages expect that NeoPhotonics Corp (NYSE:NPTN) will post sales of $72.70 million for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for NeoPhotonics’ earnings. The highest sales estimate is $73.70 million and the lowest is $71.90 million. NeoPhotonics posted sales of $109.84 million during the same quarter last year, which would indicate a negative year over year growth rate of 33.8%. The business is expected to issue its next quarterly earnings report on Tuesday, March 13th.
On average, analysts expect that NeoPhotonics will report full year sales of $72.70 million for the current fiscal year, with estimates ranging from $284.90 million to $289.70 million. For the next financial year, analysts expect that the firm will report sales of $326.33 million per share, with estimates ranging from $310.00 million to $350.00 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for NeoPhotonics.
NeoPhotonics (NYSE:NPTN) last released its earnings results on Monday, November 6th. The semiconductor company reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.09. The company had revenue of $71.12 million during the quarter, compared to the consensus estimate of $69.94 million. NeoPhotonics had a negative return on equity of 13.61% and a negative net margin of 11.37%. NeoPhotonics’s revenue was down 31.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 EPS.
Several research firms have weighed in on NPTN. B. Riley reaffirmed a “neutral” rating and issued a $6.25 target price on shares of NeoPhotonics in a research report on Wednesday, August 9th. ValuEngine raised NeoPhotonics from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 10th. Zacks Investment Research raised NeoPhotonics from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Cowen reaffirmed a “buy” rating and issued a $11.00 target price on shares of NeoPhotonics in a research report on Sunday, October 1st. Finally, BidaskClub raised NeoPhotonics from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $8.89.
NeoPhotonics (NYSE:NPTN) opened at $6.22 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.85 and a debt-to-equity ratio of 0.20. NeoPhotonics has a 52-week low of $4.56 and a 52-week high of $14.00.
Several institutional investors and hedge funds have recently made changes to their positions in NPTN. Voya Investment Management LLC boosted its stake in shares of NeoPhotonics by 20.0% in the 2nd quarter. Voya Investment Management LLC now owns 16,469 shares of the semiconductor company’s stock valued at $127,000 after buying an additional 2,749 shares during the period. Parametric Portfolio Associates LLC purchased a new position in shares of NeoPhotonics in the 1st quarter valued at about $131,000. Citigroup Inc. boosted its stake in shares of NeoPhotonics by 35.7% in the 2nd quarter. Citigroup Inc. now owns 17,314 shares of the semiconductor company’s stock valued at $134,000 after buying an additional 4,556 shares during the period. Ameriprise Financial Inc. purchased a new position in shares of NeoPhotonics in the 2nd quarter valued at about $159,000. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of NeoPhotonics by 13.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,099 shares of the semiconductor company’s stock valued at $210,000 after buying an additional 3,245 shares during the period. Institutional investors and hedge funds own 81.06% of the company’s stock.
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NeoPhotonics Company Profile
NeoPhotonics Corporation develops, manufactures and markets optoelectronic products that transmit, receive and switch digital optical signals for communications networks. The Company develops and manufactures Transmitter Products, Receiver Products and Switch Products that are used in ultra-high speed digital optical communications, high speed switching and provisioning, and access connections for wireless and fiber-to-the-home communications networks.
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