Zacks: Brokerages Anticipate O2Micro International Limited (OIIM) Will Post Quarterly Sales of $15.85 Million
Analysts forecast that O2Micro International Limited (NASDAQ:OIIM) will report 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 reported sales of $14.45 million in the same quarter last year, which indicates a positive year over year growth rate of 9.7%. The company is scheduled to announce its next quarterly earnings report on Wednesday, November 1st.
On average, analysts expect that O2Micro International Limited will report full-year sales of $15.85 million for the current financial year, with estimates ranging from $60.40 million to $64.50 million. For the next fiscal year, analysts expect that the company will report 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 analysts that that provide coverage for O2Micro International Limited.
O2Micro International Limited (NASDAQ:OIIM) last posted its earnings results on Thursday, August 3rd. The electronics maker reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.02. O2Micro International Limited had a positive return on equity of 0.01% and a negative net margin of 2.59%. The business had revenue of $14.51 million for the quarter, compared to analysts’ expectations of $15.07 million. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. The business’s revenue was up 9.8% compared to the same quarter last year.
Separately, ValuEngine lowered shares of O2Micro International Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd.
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Shares of O2Micro International Limited (NASDAQ:OIIM) opened at 1.6804 on Tuesday. The firm’s market cap is $43.42 million. 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 price is $1.62 and its 200-day moving average price is $1.99.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. White Pine Capital LLC raised its stake in O2Micro International Limited by 30.4% during the second quarter. White Pine Capital LLC now owns 465,864 shares of the electronics maker’s stock worth $913,000 after acquiring an additional 108,725 shares during the period. Essex Investment Management Co. LLC raised its stake in O2Micro International Limited by 28.9% during the second quarter. Essex Investment Management Co. LLC now owns 308,370 shares of the electronics maker’s stock worth $604,000 after acquiring an additional 69,140 shares during the period. Finally, Renaissance Technologies LLC raised its stake in O2Micro International Limited by 1.4% during the first quarter. Renaissance Technologies LLC now owns 2,061,000 shares of the electronics maker’s stock worth $4,720,000 after acquiring an additional 27,700 shares during the period. Hedge funds and other institutional investors own 39.12% of the company’s stock.
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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