Brokerages expect Applied Optoelectronics Inc (NASDAQ:AAOI) to post $86.40 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Applied Optoelectronics’ earnings. The highest sales estimate is $90.00 million and the lowest is $84.60 million. Applied Optoelectronics reported sales of $84.90 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.8%. The business is expected to report its next quarterly earnings report on Thursday, February 22nd.

On average, analysts expect that Applied Optoelectronics will report full year sales of $86.40 million for the current year, with estimates ranging from $387.10 million to $402.12 million. For the next financial year, analysts anticipate that the company will post sales of $424.51 million per share, with estimates ranging from $367.50 million to $475.10 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Applied Optoelectronics.

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

A number of equities research analysts have issued reports on AAOI shares. BWS Financial set a $25.00 price objective on shares of Applied Optoelectronics and gave the stock a “sell” rating in a research report on Sunday, October 15th. Zacks Investment Research downgraded shares of Applied Optoelectronics from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 17th. Needham & Company LLC reduced their price objective on shares of Applied Optoelectronics from $75.00 to $50.00 and set a “strong-buy” rating for the company in a research report on Wednesday, November 8th. TheStreet downgraded shares of Applied Optoelectronics from a “b-” rating to a “c” rating in a research report on Wednesday, November 15th. Finally, ValuEngine downgraded shares of Applied Optoelectronics from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Four analysts have rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and four have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $62.53.

Shares of Applied Optoelectronics (NASDAQ AAOI) opened at $44.05 on Tuesday. Applied Optoelectronics has a 52-week low of $21.88 and a 52-week high of $103.41. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.99 and a quick ratio of 2.02. The stock has a market cap of $840.80, a PE ratio of 10.30, a price-to-earnings-growth ratio of 0.60 and a beta of 2.88.

In other news, Director Richard B. Black sold 1,000 shares of the stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $60.62, for a total transaction of $60,620.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alan D. Moore bought 22,400 shares of Applied Optoelectronics stock in a transaction dated Monday, November 13th. The shares were bought at an average cost of $44.60 per share, with a total value of $999,040.00. The disclosure for this purchase can be found here. Insiders have sold a total of 14,900 shares of company stock valued at $789,894 over the last three months. Insiders own 8.19% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of 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 acquiring an additional 972,428 shares during the period. Vanguard Group Inc. boosted its holdings in Applied Optoelectronics by 49.8% in the 2nd quarter. Vanguard Group Inc. now owns 953,505 shares of the semiconductor company’s stock worth $58,917,000 after buying an additional 317,033 shares during the period. State of Tennessee Treasury Department boosted its holdings in Applied Optoelectronics by 113.9% in the 3rd quarter. State of Tennessee Treasury Department now owns 815,552 shares of the semiconductor company’s stock worth $52,742,000 after buying an additional 434,207 shares during the period. FMR LLC bought a new position in Applied Optoelectronics in the 2nd quarter worth approximately $45,101,000. Finally, Balyasny Asset Management LLC bought a new position in Applied Optoelectronics in the 2nd quarter worth approximately $44,798,000. 76.69% of the stock is owned by hedge funds and other institutional investors.

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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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