-$0.18 EPS Expected for NeoPhotonics Corp (NPTN) This Quarter

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

A number of equities analysts have weighed in on NPTN shares. Zacks Investment Research lowered NeoPhotonics from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Craig Hallum reissued a “buy” rating and issued a $8.50 target price on shares of NeoPhotonics in a research report on Friday, October 6th. B. Riley reissued a “hold” rating and issued a $5.25 target price on shares of NeoPhotonics in a research report on Friday, October 6th. Needham & Company LLC boosted their target price on NeoPhotonics from $8.00 to $11.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 9th. Finally, DA Davidson set a $7.00 price target on shares of NeoPhotonics and gave the company a “hold” rating in a research report on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. NeoPhotonics has a consensus rating of “Hold” and an average target price of $8.67.

Shares of NeoPhotonics (NPTN) traded down $0.12 during trading hours on Tuesday, reaching $6.52. The company’s stock had a trading volume of 456,451 shares, compared to its average volume of 651,507. NeoPhotonics has a fifty-two week low of $4.56 and a fifty-two week high of $12.44. The company has a current ratio of 1.85, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. The stock has a market cap of $286.52, a price-to-earnings ratio of -7.67 and a beta of 1.29.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its position in shares of NeoPhotonics by 0.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 96,999 shares of the semiconductor company’s stock valued at $749,000 after purchasing an additional 433 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of NeoPhotonics by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 114,544 shares of the semiconductor company’s stock valued at $885,000 after purchasing an additional 722 shares during the last quarter. Teachers Advisors LLC increased its position in shares of NeoPhotonics by 5.1% during the 2nd quarter. Teachers Advisors LLC now owns 55,616 shares of the semiconductor company’s stock valued at $429,000 after purchasing an additional 2,677 shares during the last quarter. Voya Investment Management LLC increased its position in shares of NeoPhotonics by 20.0% during the 2nd 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. Finally, Rhumbline Advisers increased its position in shares of NeoPhotonics by 8.4% during the 2nd quarter. Rhumbline Advisers now owns 38,504 shares of the semiconductor company’s stock valued at $297,000 after purchasing an additional 3,000 shares during the last quarter. 81.34% of the stock is owned by hedge funds and other institutional investors.

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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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