Oplink Communications, Inc (OPLK) Releases Q1 Earnings Guidance
Oplink Communications, Inc (NASDAQ:OPLK) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.22-0.28 for the period, compared to the Thomson Reuters consensus estimate of $0.21, American Banking News reports. The company issued revenue guidance of $53-57 million, compared to the consensus revenue estimate of $54.84 million.
Shares of Oplink Communications, Inc (NASDAQ:OPLK) traded down 0.63% during mid-day trading on Thursday, hitting $19.06. 96,209 shares of the company’s stock traded hands. Oplink Communications, Inc has a 52-week low of $13.91 and a 52-week high of $22.54. The stock’s 50-day moving average is $17.58 and its 200-day moving average is $17.16. The company has a market cap of $352.7 million and a P/E ratio of 50.47.
Oplink Communications (NASDAQ:OPLK) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.01. The company had revenue of $51.50 million for the quarter, compared to the consensus estimate of $51.50 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts expect that Oplink Communications, Inc will post $0.44 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 28th. Investors of record on Thursday, August 14th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Tuesday, August 12th.
Several analysts have recently commented on the stock. Analysts at B. Riley raised their price target on shares of Oplink Communications from $21.00 to $23.00 in a research note on Wednesday, July 30th. They now have a buy rating on the stock. Analysts at Sidoti upgraded shares of Oplink Communications from a neutral rating to a buy rating in a research note on Monday, May 12th.
Oplink Communications, Inc designs, manufactures and sells optical networking components and subsystems.
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