$15.07 Million in Sales Expected for O2Micro International Limited (NASDAQ:OIIM) This Quarter
Analysts expect O2Micro International Limited (NASDAQ:OIIM) to post sales of $15.07 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for O2Micro International Limited’s earnings, with the highest sales estimate coming in at $15.20 million and the lowest estimate coming in at $15.00 million. O2Micro International Limited posted sales of $13.22 million during the same quarter last year, which suggests a positive year over year growth rate of 14%. The company is expected to announce its next earnings results on Wednesday, August 2nd.
On average, analysts expect that O2Micro International Limited will report full-year sales of $15.07 million for the current year, with estimates ranging from $61.90 million to $64.50 million. For the next fiscal year, analysts expect that the firm will post sales of $68.83 million per share, with estimates ranging from $64.70 million to $74.10 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow O2Micro International Limited.
O2Micro International Limited (NASDAQ:OIIM) last issued its quarterly earnings results on Wednesday, May 10th. The electronics maker reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. O2Micro International Limited had a negative return on equity of 0.66% and a negative net margin of 3.55%. The business had revenue of $15 million for the quarter, compared to analyst estimates of $14.70 million. During the same quarter in the prior year, the firm posted ($0.08) earnings per share. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year.
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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new position in shares of O2Micro International Limited during the fourth quarter worth about $321,000. Essex Investment Management Co. LLC increased its position in shares of O2Micro International Limited by 253.7% in the first quarter. Essex Investment Management Co. LLC now owns 239,230 shares of the electronics maker’s stock worth $548,000 after buying an additional 171,598 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of O2Micro International Limited by 1.4% in the fourth quarter. Renaissance Technologies LLC now owns 2,033,300 shares of the electronics maker’s stock worth $3,660,000 after buying an additional 28,400 shares in the last quarter. 39.20% of the stock is currently owned by institutional investors.
Shares of O2Micro International Limited (NASDAQ:OIIM) traded up 1.67% during trading on Friday, hitting $1.83. The stock had a trading volume of 42,564 shares. O2Micro International Limited has a one year low of $1.48 and a one year high of $2.80. The stock has a 50 day moving average price of $1.98 and a 200-day moving average price of $2.24. The stock’s market capitalization is $47.40 million.
O2Micro International Limited Company Profile
O2Micro International Limited designs, develops and markets power management components for the Computer, Consumer, Industrial, Automotive and Communications markets. The Company’s power management products include integrated circuits (ICs) for liquid crystal display (LCD) and light emitting diode (LED) lighting; control and monitoring of battery charging and discharging; direct current (DC)/DC and alternating current (AC)/DC conversion, and provide select and switch functionality between power sources.
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