Equities research analysts expect NeoPhotonics Co. (NYSE:NPTN) to report ($0.18) earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have provided estimates for NeoPhotonics’ earnings. The lowest EPS estimate is ($0.21) and the highest is ($0.13). NeoPhotonics reported earnings of ($0.15) per share during the same quarter last year, which would suggest a negative year over year growth rate of 20%. The business is expected to report its next earnings results on Thursday, August 2nd.
On average, analysts expect that NeoPhotonics will report full-year earnings of ($0.59) per share for the current financial year, with EPS estimates ranging from ($0.78) to ($0.42). For the next financial year, analysts forecast that the firm will post earnings of ($0.05) per share, with EPS estimates ranging from ($0.32) to $0.24. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that cover NeoPhotonics.
Get NeoPhotonics alerts:NeoPhotonics (NYSE:NPTN) last posted its earnings results on Tuesday, May 8th. The semiconductor company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.07). NeoPhotonics had a negative net margin of 20.72% and a negative return on equity of 26.15%. The business had revenue of $68.59 million during the quarter, compared to analysts’ expectations of $69.65 million. During the same period last year, the business posted ($0.25) earnings per share. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year.
Several research analysts have commented on the stock. B. Riley reaffirmed a “neutral” rating and set a $5.75 price objective (up from $5.00) on shares of NeoPhotonics in a research note on Friday, March 2nd. Zacks Investment Research lowered shares of NeoPhotonics from a “hold” rating to a “sell” rating in a research note on Tuesday, March 13th. ValuEngine raised shares of NeoPhotonics from a “sell” rating to a “hold” rating in a research note on Monday, May 14th. Rosenblatt Securities set a $13.00 price objective on shares of NeoPhotonics and gave the stock a “buy” rating in a research note on Wednesday, May 9th. Finally, Piper Jaffray Companies lowered shares of NeoPhotonics from an “overweight” rating to a “neutral” rating in a research note on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. NeoPhotonics has an average rating of “Hold” and a consensus price target of $9.00.
Several large investors have recently added to or reduced their stakes in NPTN. Russell Investments Group Ltd. lifted its position in shares of NeoPhotonics by 1,085.4% during the first quarter. Russell Investments Group Ltd. now owns 2,906,592 shares of the semiconductor company’s stock worth $19,909,000 after purchasing an additional 2,661,392 shares during the last quarter. Boston Partners lifted its position in shares of NeoPhotonics by 506.6% during the first quarter. Boston Partners now owns 1,789,520 shares of the semiconductor company’s stock worth $12,259,000 after purchasing an additional 1,494,520 shares during the last quarter. Cavalry Management Group LLC lifted its position in shares of NeoPhotonics by 148.3% during the first quarter. Cavalry Management Group LLC now owns 1,226,971 shares of the semiconductor company’s stock worth $8,404,000 after purchasing an additional 732,852 shares during the last quarter. Royce & Associates LP lifted its position in shares of NeoPhotonics by 25.2% during the fourth quarter. Royce & Associates LP now owns 2,274,658 shares of the semiconductor company’s stock worth $14,967,000 after purchasing an additional 457,930 shares during the last quarter. Finally, Northpointe Capital LLC lifted its position in shares of NeoPhotonics by 21.6% during the fourth quarter. Northpointe Capital LLC now owns 1,238,969 shares of the semiconductor company’s stock worth $8,152,000 after purchasing an additional 220,475 shares during the last quarter. Institutional investors and hedge funds own 82.61% of the company’s stock.
Shares of NeoPhotonics traded up $0.26, reaching $6.84, on Tuesday, MarketBeat Ratings reports. The company’s stock had a trading volume of 837,707 shares, compared to its average volume of 1,078,848. NeoPhotonics has a 1 year low of $4.56 and a 1 year high of $9.78. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 1.77. The firm has a market cap of $304.78 million, a PE ratio of -6.22 and a beta of 0.94.
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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