O2Micro International Limited (OIIM) Expected to Announce Quarterly Sales of $15.85 Million
Analysts expect O2Micro International Limited (NASDAQ:OIIM) to post sales of $15.85 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for O2Micro International Limited’s earnings. The lowest sales estimate is $15.20 million and the highest is $16.50 million. O2Micro International Limited posted sales of $14.45 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.7%. The firm is expected to issue its next quarterly earnings results on Wednesday, November 1st.
According to Zacks, analysts expect that O2Micro International Limited will report full year sales of $15.85 million for the current year, with estimates ranging from $60.40 million to $64.50 million. For the next financial year, analysts expect that the company will post sales of $68.77 million per share, with estimates ranging from $64.50 million to $74.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow O2Micro International Limited.
O2Micro International Limited (NASDAQ:OIIM) last issued its quarterly earnings data on Thursday, August 3rd. The electronics maker reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.02. The firm had revenue of $14.51 million during the quarter, compared to the consensus estimate of $15.07 million. O2Micro International Limited had a negative net margin of 2.59% and a positive return on equity of 0.01%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.06) earnings per share.
Separately, ValuEngine cut shares of O2Micro International Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd.
Institutional investors have recently added to or reduced their stakes in the business. Essex Investment Management Co. LLC boosted its position in O2Micro International Limited by 28.9% in the 2nd quarter. Essex Investment Management Co. LLC now owns 308,370 shares of the electronics maker’s stock valued at $604,000 after buying an additional 69,140 shares during the period. Renaissance Technologies LLC boosted its position in O2Micro International Limited by 1.4% in the 1st quarter. Renaissance Technologies LLC now owns 2,061,000 shares of the electronics maker’s stock valued at $4,720,000 after buying an additional 27,700 shares during the period. Finally, White Pine Capital LLC boosted its position in O2Micro International Limited by 30.4% in the 2nd quarter. White Pine Capital LLC now owns 465,864 shares of the electronics maker’s stock valued at $913,000 after buying an additional 108,725 shares during the period. 39.12% of the stock is owned by institutional investors.
O2Micro International Limited (NASDAQ:OIIM) opened at 1.59 on Friday. O2Micro International Limited has a 52 week low of $1.45 and a 52 week high of $2.80. The stock’s 50 day moving average is $1.67 and its 200 day moving average is $2.03. The company’s market capitalization is $41.09 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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