Zacks: Brokerages Expect NeoPhotonics Corp (NYSE:NPTN) Will Announce Quarterly Sales of $89.78 Million

Equities research analysts expect that NeoPhotonics Corp (NYSE:NPTN) will report sales of $89.78 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for NeoPhotonics’ earnings. The highest sales estimate is $90.02 million and the lowest is $89.10 million. NeoPhotonics posted sales of $81.75 million in the same quarter last year, which would indicate a positive year over year growth rate of 9.8%. The firm is expected to announce its next earnings report after the market closes on Friday, November 1st.

According to Zacks, analysts expect that NeoPhotonics will report full-year sales of $345.60 million for the current year, with estimates ranging from $341.00 million to $355.40 million. For the next fiscal year, analysts expect that the business will report sales of $374.54 million, with estimates ranging from $300.00 million to $425.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow NeoPhotonics.

NeoPhotonics (NYSE:NPTN) last released its quarterly earnings results on Monday, August 5th. The semiconductor company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.09. NeoPhotonics had a negative return on equity of 14.40% and a negative net margin of 10.86%. The company had revenue of $81.69 million during the quarter, compared to analysts’ expectations of $76.91 million. During the same quarter in the prior year, the business posted ($0.19) earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year.

Several research analysts have recently issued reports on the company. ValuEngine raised NeoPhotonics from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. MKM Partners upgraded NeoPhotonics from a “neutral” rating to a “buy” rating and upped their price objective for the company from $5.00 to $7.00 in a report on Tuesday, August 6th. Rosenblatt Securities restated a “buy” rating and issued a $10.00 price objective on shares of NeoPhotonics in a report on Tuesday, July 16th. B. Riley lowered NeoPhotonics from a “buy” rating to a “neutral” rating and set a $6.50 price objective for the company. in a report on Wednesday, September 18th. Finally, Northland Securities restated a “buy” rating on shares of NeoPhotonics in a report on Tuesday, August 6th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $7.89.

Institutional investors have recently made changes to their positions in the company. Hall Kathryn A. purchased a new stake in shares of NeoPhotonics during the first quarter valued at $95,000. AlphaOne Investment Services LLC purchased a new stake in shares of NeoPhotonics during the second quarter valued at $1,937,000. Paradigm Capital Management Inc. NY lifted its holdings in shares of NeoPhotonics by 16.4% during the second quarter. Paradigm Capital Management Inc. NY now owns 1,529,400 shares of the semiconductor company’s stock valued at $6,393,000 after purchasing an additional 215,815 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of NeoPhotonics by 49.7% during the second quarter. Acadian Asset Management LLC now owns 268,379 shares of the semiconductor company’s stock valued at $1,122,000 after purchasing an additional 89,064 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of NeoPhotonics during the second quarter valued at $337,000. Institutional investors and hedge funds own 73.10% of the company’s stock.

Shares of NYSE:NPTN traded down $0.06 on Friday, hitting $6.11. The company’s stock had a trading volume of 319,688 shares, compared to its average volume of 546,257. NeoPhotonics has a 12 month low of $3.26 and a 12 month high of $9.48. The company has a market capitalization of $292.51 million, a price-to-earnings ratio of -8.26 and a beta of 1.64. The stock’s 50-day moving average is $6.23 and its two-hundred day moving average is $5.47. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.61 and a current ratio of 2.10.

About NeoPhotonics

NeoPhotonics Corporation develops, manufactures, and sells optoelectronic products that transmit, receive, and switch high speed digital optical signals for communications networks. It offers high speed products, including transmitter, receiver, and switching products for 100G (gigabits per second) and optical transmission applications over distances of 2 to 2,000 kilometers; optical components for coherent systems, including narrow linewidth tunable transmit and local oscillator lasers (NLW-ITLA) that generate ultra-pure wavelength or color for coherent transmission, as well as coherent micro-modulators, which encode the information on the intensity and phase of the optical beam; and integrated coherent receivers (ICRs) that decode the phase and polarization encoded coherent signals.

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Earnings History and Estimates for NeoPhotonics (NYSE:NPTN)

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