$73.98 Million in Sales Expected for NeoPhotonics Corp (NPTN) This Quarter

Analysts expect NeoPhotonics Corp (NYSE:NPTN) to report $73.98 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for NeoPhotonics’ earnings, with estimates ranging from $72.60 million to $76.00 million. NeoPhotonics posted sales of $73.21 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.1%. The business is scheduled to report its next quarterly earnings results on Thursday, August 2nd.

On average, analysts expect that NeoPhotonics will report full year sales of $310.57 million for the current year, with estimates ranging from $301.50 million to $316.60 million. For the next year, analysts anticipate that the company will post sales of $343.48 million per share, with estimates ranging from $333.00 million to $355.92 million. Zacks’ sales averages are an average based on a survey of analysts that follow NeoPhotonics.

NeoPhotonics (NYSE:NPTN) last announced its earnings results on Tuesday, May 8th. The semiconductor company reported ($0.33) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.07). NeoPhotonics had a negative return on equity of 26.15% and a negative net margin of 20.72%. The business had revenue of $68.59 million for the quarter, compared to analysts’ expectations of $69.65 million. During the same quarter last year, the firm earned ($0.25) earnings per share. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year.

NPTN has been the topic of several research analyst reports. Rosenblatt Securities set a $13.00 target price on NeoPhotonics and gave the stock a “buy” rating in a research note on Sunday, February 25th. Zacks Investment Research upgraded NeoPhotonics from a “sell” rating to a “hold” rating in a research note on Wednesday, February 28th. B. Riley restated a “neutral” rating and set a $5.75 target price (up from $5.00) on shares of NeoPhotonics in a research note on Friday, March 2nd. Needham & Company LLC restated a “strong-buy” rating and set a $9.00 target price (up from $8.00) on shares of NeoPhotonics in a research note on Friday, March 2nd. Finally, ValuEngine upgraded NeoPhotonics from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.00.

NeoPhotonics traded down $0.19, hitting $6.81, on Monday, Marketbeat.com reports. 651,400 shares of the company’s stock were exchanged, compared to its average volume of 951,096. NeoPhotonics has a 12-month low of $4.56 and a 12-month high of $9.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.29. The company has a market cap of $314.58 million, a price-to-earnings ratio of -6.19 and a beta of 0.97.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Princeton Capital Management LLC acquired a new position in shares of NeoPhotonics in the 4th quarter valued at about $195,000. Needham Investment Management LLC lifted its holdings in shares of NeoPhotonics by 16.7% in the 4th quarter. Needham Investment Management LLC now owns 210,000 shares of the semiconductor company’s stock valued at $1,382,000 after buying an additional 30,000 shares during the period. Virtu Financial LLC acquired a new position in shares of NeoPhotonics in the 4th quarter valued at about $131,000. Royce & Associates LP lifted its holdings in shares of NeoPhotonics by 25.2% in the 4th quarter. Royce & Associates LP now owns 2,274,658 shares of the semiconductor company’s stock valued at $14,967,000 after buying an additional 457,930 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of NeoPhotonics by 20.6% in the 4th quarter. Victory Capital Management Inc. now owns 264,445 shares of the semiconductor company’s stock valued at $1,740,000 after buying an additional 45,215 shares during the period. 82.65% of the stock is owned by institutional investors.

NeoPhotonics Company Profile

NeoPhotonics Corporation develops, manufactures, and sells optoelectronic products that transmit, receive, and switch high speed digital optical signals for communications networks. It offers high speed products, including transmitter, receiver, and switching products for 100G (gigabits per second) and optical transmission applications over distances of 2 to 2,000 kilometers; optical components for coherent systems, including narrow linewidth tunable transmit and local oscillator lasers (NLW-ITLA) that generate ultra-pure wavelength or color for coherent transmission, as well as coherent micro-modulators, which encode the information on the intensity and phase of the optical beam; and integrated coherent receivers (ICRs) that decode the phase and polarization encoded coherent signals.

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