Applied Optoelectronics (AAOI) Scheduled to Post Earnings on Thursday

Applied Optoelectronics (NASDAQ:AAOI) is scheduled to be releasing its earnings data after the market closes on Thursday, November 7th. Analysts expect Applied Optoelectronics to post earnings of ($0.17) per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported ($0.28) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.01. Applied Optoelectronics had a negative return on equity of 19.82% and a negative net margin of 34.84%. The company had revenue of $43.27 million during the quarter, compared to the consensus estimate of $44.14 million. During the same period last year, the company earned ($0.31) earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. On average, analysts expect Applied Optoelectronics to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Applied Optoelectronics Price Performance

Shares of AAOI opened at $16.40 on Tuesday. Applied Optoelectronics has a 1 year low of $6.70 and a 1 year high of $24.75. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.64 and a quick ratio of 0.97. The company has a market capitalization of $670.69 million, a price-to-earnings ratio of -8.59 and a beta of 1.96. The business has a 50-day moving average of $14.69 and a 200-day moving average of $11.53.

Insider Buying and Selling

In other news, insider David C. Kuo sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $15.02, for a total transaction of $150,200.00. Following the sale, the insider now directly owns 132,921 shares in the company, valued at approximately $1,996,473.42. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AAOI. B. Riley lowered their target price on Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. StockNews.com raised Applied Optoelectronics to a “sell” rating in a research report on Friday, October 25th. B. Riley Financial restated a “neutral” rating and set a $9.00 price target on shares of Applied Optoelectronics in a research report on Thursday, August 8th. Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 price objective on shares of Applied Optoelectronics in a report on Wednesday, October 9th. Finally, Raymond James raised Applied Optoelectronics from a “market perform” rating to an “outperform” rating and set a $17.00 price target on the stock in a research report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Applied Optoelectronics presently has an average rating of “Hold” and a consensus target price of $13.75.

About Applied Optoelectronics

Applied Optoelectronics, Inc designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. It offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, distribution equipment, and amplifiers.