Applied Optoelectronics (NASDAQ:AAOI) will be issuing its Q3 quarterly earnings data after the market closes on Wednesday, November 7th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter.
Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings data on Tuesday, August 7th. The semiconductor company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.30. Applied Optoelectronics had a net margin of 10.95% and a return on equity of 14.77%. The company had revenue of $87.82 million during the quarter, compared to the consensus estimate of $77.29 million. On average, analysts expect Applied Optoelectronics to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
NASDAQ AAOI opened at $19.44 on Tuesday. Applied Optoelectronics has a 12 month low of $18.16 and a 12 month high of $50.30. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.22 and a quick ratio of 1.92. The stock has a market cap of $403.61 million, a PE ratio of 4.60, a P/E/G ratio of 1.83 and a beta of 2.56.
AAOI has been the subject of a number of research analyst reports. B. Riley dropped their price objective on shares of Applied Optoelectronics from $34.50 to $24.00 and set a “neutral” rating for the company in a research note on Monday, October 8th. ValuEngine raised shares of Applied Optoelectronics from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 3rd. Loop Capital downgraded shares of Applied Optoelectronics from a “hold” rating to a “sell” rating and dropped their price objective for the company from $45.00 to $20.00 in a research note on Thursday, September 27th. DA Davidson reissued a “buy” rating and set a $36.00 target price on shares of Applied Optoelectronics in a research report on Monday, October 1st. Finally, Needham & Company LLC downgraded shares of Applied Optoelectronics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 8th. They noted that the move was a valuation call. Seven analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Applied Optoelectronics presently has an average rating of “Hold” and an average price target of $29.89.
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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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