Analysts predict that Applied Optoelectronics, Inc. (NASDAQ:AAOI) will report earnings of $1.28 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Applied Optoelectronics’ earnings. The lowest EPS estimate is $1.27 and the highest is $1.30. Applied Optoelectronics posted earnings per share of $0.10 in the same quarter last year, which suggests a positive year-over-year growth rate of 1,180%. The business is expected to issue its next earnings results after the market closes on Thursday, August 3rd.
On average, analysts expect that Applied Optoelectronics will report full-year earnings of $4.95 per share for the current year, with EPS estimates ranging from $4.86 to $5.02. For the next financial year, analysts forecast that the business will report earnings of $5.40 per share, with EPS estimates ranging from $5.01 to $6.09. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Applied Optoelectronics.
Applied Optoelectronics (NASDAQ:AAOI) last announced its quarterly earnings results on Thursday, May 4th. The semiconductor company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. The firm had revenue of $96.20 million during the quarter, compared to analysts’ expectations of $96.20 million. Applied Optoelectronics had a net margin of 17.08% and a return on equity of 23.75%. The company’s revenue for the quarter was up 90.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.04) earnings per share.
A number of analysts have recently weighed in on the stock. BidaskClub raised shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. BWS Financial reaffirmed a “sell” rating and set a $25.00 price target on shares of Applied Optoelectronics in a report on Saturday. Needham & Company LLC upped their price target on shares of Applied Optoelectronics from $100.00 to $115.00 and gave the stock a “strong-buy” rating in a report on Monday. Roth Capital upped their price target on shares of Applied Optoelectronics from $70.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Finally, ValuEngine downgraded shares of Applied Optoelectronics from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $80.64.
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Applied Optoelectronics (NASDAQ AAOI) traded up 6.31% on Monday, hitting $95.63. 6,767,954 shares of the stock were exchanged. The company has a market capitalization of $1.82 billion, a PE ratio of 33.70 and a beta of 2.85. The company has a 50-day moving average price of $68.97 and a 200 day moving average price of $51.50. Applied Optoelectronics has a 1-year low of $11.60 and a 1-year high of $97.75.
In other news, General Counsel David C. Kuo sold 1,116 shares of the firm’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $94.87, for a total transaction of $105,874.92. Following the completion of the transaction, the general counsel now owns 25,041 shares of the company’s stock, valued at $2,375,639.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Chewei Lin sold 22,500 shares of the firm’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $65.00, for a total transaction of $1,462,500.00. Following the transaction, the director now directly owns 74,017 shares of the company’s stock, valued at approximately $4,811,105. The disclosure for this sale can be found here. Insiders have sold 138,164 shares of company stock valued at $9,669,661 in the last ninety days. Insiders own 8.19% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in Applied Optoelectronics during the first quarter valued at about $196,000. Capstone Asset Management Co. acquired a new position in Applied Optoelectronics during the second quarter valued at about $203,000. 361 Capital LLC acquired a new position in Applied Optoelectronics during the first quarter valued at about $208,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in Applied Optoelectronics during the first quarter valued at about $213,000. Finally, State of Alaska Department of Revenue acquired a new position in Applied Optoelectronics during the second quarter valued at about $215,000. 78.68% of the stock is owned by hedge funds and other institutional investors.
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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