Applied Optoelectronics (AAOI) to Release Quarterly Earnings on Thursday

Applied Optoelectronics (NASDAQ:AAOI) will be issuing its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.29) per share for the quarter. Applied Optoelectronics has set its Q1 2024 guidance at -0.330–0.280 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings data on Thursday, February 22nd. The semiconductor company reported $0.04 EPS for the quarter. Applied Optoelectronics had a negative return on equity of 13.83% and a negative net margin of 25.75%. The company had revenue of $60.50 million for the quarter, compared to analyst estimates of $65.19 million. During the same period in the previous year, the firm earned ($0.27) earnings per share. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. On average, analysts expect Applied Optoelectronics to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Applied Optoelectronics Price Performance

Shares of AAOI opened at $11.95 on Tuesday. Applied Optoelectronics has a 52-week low of $1.64 and a 52-week high of $24.75. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.16 and a current ratio of 1.85. The business’s 50 day moving average price is $12.95 and its two-hundred day moving average price is $15.09. The firm has a market cap of $462.82 million, a PE ratio of -6.71 and a beta of 2.12.

Insiders Place Their Bets

In related news, Director Che-Wei Lin acquired 31,370 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was purchased at an average price of $12.70 per share, with a total value of $398,399.00. Following the completion of the purchase, the director now owns 220,133 shares in the company, valued at approximately $2,795,689.10. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Chih-Hsiang (Thompson) Lin purchased 11,780 shares of Applied Optoelectronics stock in a transaction dated Monday, March 18th. The stock was purchased at an average cost of $12.66 per share, for a total transaction of $149,134.80. Following the completion of the acquisition, the chief executive officer now directly owns 1,218,160 shares of the company’s stock, valued at $15,421,905.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Che-Wei Lin acquired 31,370 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average cost of $12.70 per share, for a total transaction of $398,399.00. Following the completion of the transaction, the director now directly owns 220,133 shares of the company’s stock, valued at $2,795,689.10. The disclosure for this purchase can be found here. 6.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. B. Riley restated a “neutral” rating and set a $16.00 price objective (down previously from $22.00) on shares of Applied Optoelectronics in a report on Friday, February 23rd. Rosenblatt Securities decreased their price target on Applied Optoelectronics from $23.00 to $20.00 and set a “buy” rating for the company in a report on Friday, February 23rd. TheStreet upgraded Applied Optoelectronics from a “d” rating to a “c-” rating in a report on Friday, February 23rd. Finally, StockNews.com upgraded Applied Optoelectronics from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.88.

Applied Optoelectronics Company Profile

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.