Equities analysts expect Applied Optoelectronics (NASDAQ:AAOI) to report sales of $69.29 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Applied Optoelectronics’ earnings. The lowest sales estimate is $68.75 million and the highest is $70.00 million. Applied Optoelectronics posted sales of $96.22 million during the same quarter last year, which suggests a negative year-over-year growth rate of 28%. The firm is expected to report its next quarterly earnings results after the market closes on Tuesday, May 8th.
According to Zacks, analysts expect that Applied Optoelectronics will report full year sales of $337.85 million for the current year, with estimates ranging from $309.62 million to $367.50 million. For the next financial year, analysts forecast that the company will post sales of $401.38 million per share, with estimates ranging from $366.33 million to $430.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Applied Optoelectronics.
Applied Optoelectronics (NASDAQ:AAOI) last posted its earnings results on Wednesday, February 21st. The semiconductor company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.75 by $0.04. The firm had revenue of $79.86 million for the quarter, compared to analyst estimates of $86.22 million. Applied Optoelectronics had a return on equity of 30.08% and a net margin of 19.34%.
Several equities analysts have issued reports on AAOI shares. DA Davidson set a $55.00 price objective on Applied Optoelectronics and gave the stock a “buy” rating in a report on Tuesday, March 6th. Zacks Investment Research lowered Applied Optoelectronics from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 2nd. ValuEngine raised Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a report on Monday, April 2nd. Loop Capital started coverage on Applied Optoelectronics in a report on Monday, January 29th. They set a “hold” rating and a $35.00 price objective on the stock. Finally, BidaskClub raised Applied Optoelectronics from a “strong sell” rating to a “sell” rating in a report on Monday, February 5th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and four have issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $48.03.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AAOI. Legal & General Group Plc grew its holdings in shares of Applied Optoelectronics by 8.3% during the third quarter. Legal & General Group Plc now owns 34,863 shares of the semiconductor company’s stock worth $2,255,000 after buying an additional 2,670 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Applied Optoelectronics by 37.6% during the third quarter. Wells Fargo & Company MN now owns 71,484 shares of the semiconductor company’s stock worth $4,622,000 after buying an additional 19,519 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Applied Optoelectronics by 173.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 103,226 shares of the semiconductor company’s stock worth $6,676,000 after buying an additional 65,526 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Applied Optoelectronics by 106.3% during the third quarter. Cubist Systematic Strategies LLC now owns 14,071 shares of the semiconductor company’s stock worth $910,000 after buying an additional 7,251 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Applied Optoelectronics by 27.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,488 shares of the semiconductor company’s stock worth $548,000 after buying an additional 1,838 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AAOI stock opened at $31.64 on Friday. The stock has a market cap of $552.46, a price-to-earnings ratio of 7.48, a PEG ratio of 1.05 and a beta of 2.63. Applied Optoelectronics has a 1 year low of $22.54 and a 1 year high of $103.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.18 and a current ratio of 3.25.
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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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