Wall Street analysts expect that O2Micro International Limited (NASDAQ:OIIM) will post ($0.04) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for O2Micro International’s earnings. O2Micro International posted earnings per share of ($0.06) in the same quarter last year, which would indicate a positive year over year growth rate of 33.3%. The business is expected to issue its next earnings report on Wednesday, January 30th.
On average, analysts expect that O2Micro International will report full year earnings of ($0.23) per share for the current fiscal year. For the next fiscal year, analysts forecast that the company will report earnings of ($0.11) per share, with EPS estimates ranging from ($0.12) to ($0.10). Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for O2Micro International.
O2Micro International (NASDAQ:OIIM) last announced its quarterly earnings data on Wednesday, October 31st. The electronics maker reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.07). O2Micro International had a net margin of 5.37% and a return on equity of 2.81%. The business had revenue of $16.82 million during the quarter, compared to analysts’ expectations of $16.70 million.
Separately, ValuEngine lowered O2Micro International from a “hold” rating to a “sell” rating in a report on Monday, October 22nd.
Institutional investors and hedge funds have recently made changes to their positions in the business. Essex Investment Management Co. LLC purchased a new stake in O2Micro International in the 3rd quarter valued at approximately $135,000. FMR LLC boosted its holdings in O2Micro International by 19.2% in the 2nd quarter. FMR LLC now owns 800,400 shares of the electronics maker’s stock valued at $1,473,000 after purchasing an additional 128,800 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in O2Micro International by 2.9% in the 2nd quarter. Renaissance Technologies LLC now owns 2,076,400 shares of the electronics maker’s stock valued at $3,813,000 after purchasing an additional 58,500 shares in the last quarter. Finally, Grandeur Peak Global Advisors LLC boosted its holdings in O2Micro International by 7.4% in the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 3,239,517 shares of the electronics maker’s stock valued at $5,961,000 after purchasing an additional 222,175 shares in the last quarter. 40.56% of the stock is currently owned by institutional investors.
OIIM traded down $0.06 during trading on Wednesday, reaching $1.72. The company’s stock had a trading volume of 71,625 shares, compared to its average volume of 43,344. O2Micro International has a 52-week low of $1.30 and a 52-week high of $2.40. The firm has a market capitalization of $44.69 million, a PE ratio of -9.56 and a beta of 0.62.
O2Micro International Company Profile
O2Micro International Limited, together with its subsidiaries, designs, develops, and markets integrated circuits and solutions for power management components and systems in China, Japan, Taiwan, Korea, Singapore, and internationally. The company provides analog and mixed-signal integrated circuits that manage and provide LCD and LED lighting; control and monitor battery charging and discharging in portable electronic devices and vehicles; perform DC/DC and AC/DC conversion; and provide select and switch functionality between power sources.
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