Wall Street brokerages forecast that Applied Optoelectronics, Inc. (NASDAQ:AAOI) will report earnings of $0.82 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Applied Optoelectronics’ earnings, with the lowest EPS estimate coming in at $0.58 and the highest estimate coming in at $1.09. Applied Optoelectronics reported earnings per share of $0.84 during the same quarter last year, which would suggest a negative year-over-year growth rate of 2.4%. The company is expected to issue its next quarterly earnings report on Thursday, February 22nd.

On average, analysts expect that Applied Optoelectronics will report full-year earnings of $4.55 per share for the current fiscal year, with EPS estimates ranging from $4.25 to $4.77. For the next year, analysts anticipate that the firm will report earnings of $4.01 per share, with EPS estimates ranging from $3.15 to $4.70. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Applied Optoelectronics.

Applied Optoelectronics (NASDAQ:AAOI) last announced its earnings results on Tuesday, November 7th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.23). Applied Optoelectronics had a net margin of 21.29% and a return on equity of 32.35%. The company had revenue of $88.90 million for the quarter, compared to analysts’ expectations of $88.53 million. During the same period in the previous year, the firm earned $0.38 EPS. The firm’s quarterly revenue was up 26.8% on a year-over-year basis.

Several analysts have issued reports on AAOI shares. Raymond James Financial, Inc. restated a “strong-buy” rating on shares of Applied Optoelectronics in a research note on Thursday, August 31st. DA Davidson set a $103.00 target price on Applied Optoelectronics and gave the company a “buy” rating in a research note on Saturday, August 5th. ValuEngine upgraded Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Zacks Investment Research lowered Applied Optoelectronics from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 17th. Finally, BWS Financial reiterated a “sell” rating on shares of Applied Optoelectronics in a research note on Monday, October 2nd. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and four have assigned a strong buy rating to the stock. Applied Optoelectronics presently has an average rating of “Buy” and an average price target of $62.53.

In related news, Director Alan D. Moore acquired 22,400 shares of Applied Optoelectronics stock in a transaction that occurred on Monday, November 13th. The stock was bought at an average price of $44.60 per share, with a total value of $999,040.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Richard B. Black sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $43.00, for a total value of $43,000.00. Following the transaction, the director now directly owns 36,478 shares of the company’s stock, valued at approximately $1,568,554. The disclosure for this sale can be found here. Insiders sold a total of 10,000 shares of company stock valued at $568,140 in the last three months. Corporate insiders own 8.19% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its stake in Applied Optoelectronics by 86.8% during the 2nd quarter. BlackRock Inc. now owns 2,093,297 shares of the semiconductor company’s stock valued at $129,346,000 after purchasing an additional 972,428 shares during the last quarter. Vanguard Group Inc. lifted its position in Applied Optoelectronics by 49.8% during the second quarter. Vanguard Group Inc. now owns 953,505 shares of the semiconductor company’s stock valued at $58,917,000 after purchasing an additional 317,033 shares in the last quarter. State of Tennessee Treasury Department lifted its position in Applied Optoelectronics by 113.9% during the third quarter. State of Tennessee Treasury Department now owns 815,552 shares of the semiconductor company’s stock valued at $52,742,000 after purchasing an additional 434,207 shares in the last quarter. FMR LLC purchased a new position in Applied Optoelectronics during the second quarter valued at $45,101,000. Finally, Balyasny Asset Management LLC purchased a new position in Applied Optoelectronics during the second quarter valued at $44,798,000. Institutional investors and hedge funds own 83.33% of the company’s stock.

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Applied Optoelectronics (AAOI) opened at $43.90 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.99 and a quick ratio of 2.02. Applied Optoelectronics has a 1 year low of $21.88 and a 1 year high of $103.41. The firm has a market capitalization of $864.06, a price-to-earnings ratio of 10.59, a price-to-earnings-growth ratio of 0.62 and a beta of 2.90.

About Applied Optoelectronics

Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television (CATV), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment.

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Earnings History and Estimates for Applied Optoelectronics (NASDAQ:AAOI)

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