Equities analysts expect NeoPhotonics Corp (NYSE:NPTN) to report $70.06 million in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for NeoPhotonics’ earnings. The lowest sales estimate is $70.00 million and the highest is $70.20 million. NeoPhotonics posted sales of $71.69 million during the same quarter last year, which suggests a negative year-over-year growth rate of 2.3%. The company is expected to issue its next quarterly earnings report on Friday, May 4th.
On average, analysts expect that NeoPhotonics will report full-year sales of $70.06 million for the current year, with estimates ranging from $301.50 million to $326.60 million. For the next fiscal year, analysts anticipate that the company will report sales of $346.87 million per share, with estimates ranging from $333.00 million to $365.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow NeoPhotonics.
NeoPhotonics (NYSE:NPTN) last released its quarterly earnings results on Thursday, March 1st. The semiconductor company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). NeoPhotonics had a negative return on equity of 22.53% and a negative net margin of 18.21%. The firm had revenue of $76.90 million for the quarter, compared to analysts’ expectations of $72.15 million. During the same period in the prior year, the firm posted $0.13 earnings per share. NeoPhotonics’s revenue for the quarter was down 30.0% on a year-over-year basis.
NPTN has been the subject of a number of recent analyst reports. B. Riley reaffirmed a “neutral” rating and set a $5.75 price target (up from $5.00) on shares of NeoPhotonics in a research note on Friday, March 2nd. Zacks Investment Research cut shares of NeoPhotonics from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. DA Davidson set a $7.00 price objective on shares of NeoPhotonics and gave the company a “hold” rating in a research report on Thursday, December 7th. Rosenblatt Securities set a $13.00 price objective on shares of NeoPhotonics and gave the company a “buy” rating in a research report on Saturday, March 10th. Finally, ValuEngine raised shares of NeoPhotonics from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. NeoPhotonics presently has an average rating of “Hold” and a consensus price target of $8.92.
A number of institutional investors have recently added to or reduced their stakes in NPTN. Voya Investment Management LLC boosted its position in NeoPhotonics by 20.0% in the 2nd quarter. Voya Investment Management LLC now owns 16,469 shares of the semiconductor company’s stock valued at $127,000 after buying an additional 2,749 shares during the period. Virtu Financial LLC purchased a new stake in NeoPhotonics in the 4th quarter valued at about $131,000. Ameriprise Financial Inc. purchased a new stake in NeoPhotonics in the 2nd quarter valued at about $159,000. Raymond James & Associates purchased a new stake in NeoPhotonics in the 4th quarter valued at about $160,000. Finally, Princeton Capital Management LLC bought a new stake in shares of NeoPhotonics in the 4th quarter valued at about $195,000. 78.02% of the stock is owned by institutional investors.
NeoPhotonics (NYSE NPTN) traded down $0.17 during mid-day trading on Friday, hitting $6.51. 1,186,259 shares of the company were exchanged, compared to its average volume of 884,222. NeoPhotonics has a 52-week low of $4.56 and a 52-week high of $9.78. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.28 and a current ratio of 1.72. The stock has a market cap of $299.27, a PE ratio of -5.29 and a beta of 1.00.
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NeoPhotonics Company Profile
NeoPhotonics Corporation develops, manufactures and markets optoelectronic products that transmit, receive and switch digital optical signals for communications networks. The Company develops and manufactures Transmitter Products, Receiver Products and Switch Products that are used in ultra-high speed digital optical communications, high speed switching and provisioning, and access connections for wireless and fiber-to-the-home communications networks.
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