Equities research analysts expect NeoPhotonics Corp (NYSE:NPTN) to post ($0.18) earnings per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for NeoPhotonics’ earnings, with the highest EPS estimate coming in at ($0.15) and the lowest estimate coming in at ($0.20). NeoPhotonics reported earnings of $0.13 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 238.5%. The firm is scheduled to report its next quarterly earnings report on Tuesday, March 13th.

According to Zacks, analysts expect that NeoPhotonics will report full year earnings of ($0.84) per share for the current financial year, with EPS estimates ranging from ($0.87) to ($0.82). For the next financial year, analysts anticipate that the firm will report earnings of ($0.28) per share, with EPS estimates ranging from ($0.46) to $0.00. Zacks’ EPS averages are an average based on a survey of research analysts that cover NeoPhotonics.

NeoPhotonics (NYSE:NPTN) last announced its quarterly earnings data on Monday, November 6th. The semiconductor company reported ($0.25) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.34) by $0.09. The business had revenue of $71.12 million during the quarter, compared to analyst estimates of $69.94 million. NeoPhotonics had a negative net margin of 11.37% and a negative return on equity of 13.61%. The firm’s revenue for the quarter was down 31.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 earnings per share.

A number of research analysts have recently commented on the stock. Raymond James Financial lowered shares of NeoPhotonics from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 5th. B. Riley reissued a “hold” rating and issued a $5.00 price target (down previously from $5.25) on shares of NeoPhotonics in a research report on Tuesday, November 7th. Zacks Investment Research raised shares of NeoPhotonics from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. DA Davidson increased their price target on shares of NeoPhotonics to $6.50 and gave the stock a “neutral” rating in a research report on Wednesday, December 6th. Finally, Needham & Company LLC dropped their price target on shares of NeoPhotonics from $11.00 to $8.00 and set a “strong-buy” rating for the company in a research report on Monday, October 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $8.67.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NPTN. Voya Investment Management LLC grew its stake in shares of NeoPhotonics by 20.0% during the second quarter. Voya Investment Management LLC now owns 16,469 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 2,749 shares during the last quarter. Citigroup Inc. grew its stake in shares of NeoPhotonics by 35.7% during the second quarter. Citigroup Inc. now owns 17,314 shares of the semiconductor company’s stock valued at $134,000 after purchasing an additional 4,556 shares during the last quarter. Ameriprise Financial Inc. bought a new position in NeoPhotonics in the second quarter valued at approximately $159,000. The Manufacturers Life Insurance Company boosted its stake in NeoPhotonics by 13.6% in the second quarter. The Manufacturers Life Insurance Company now owns 27,099 shares of the semiconductor company’s stock valued at $210,000 after acquiring an additional 3,245 shares during the last quarter. Finally, BlueCrest Capital Management Ltd bought a new position in NeoPhotonics in the second quarter valued at approximately $234,000. 81.06% of the stock is currently owned by institutional investors and hedge funds.

Shares of NeoPhotonics (NYSE NPTN) traded up $0.02 on Friday, hitting $6.89. 445,641 shares of the stock were exchanged, compared to its average volume of 824,199. The firm has a market capitalization of $302.78, a price-to-earnings ratio of -8.11 and a beta of 1.29. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.85 and a quick ratio of 1.25. NeoPhotonics has a 1-year low of $4.56 and a 1-year high of $12.44.

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NeoPhotonics Company Profile

NeoPhotonics Corporation develops, manufactures and markets optoelectronic products that transmit, receive and switch digital optical signals for communications networks. The Company develops and manufactures Transmitter Products, Receiver Products and Switch Products that are used in ultra-high speed digital optical communications, high speed switching and provisioning, and access connections for wireless and fiber-to-the-home communications networks.

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