Applied Optoelectronics (NASDAQ:AAOI) Issues Q3 2019 Earnings Guidance

Applied Optoelectronics (NASDAQ:AAOI) issued an update on its third quarter 2019 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $-0.28–0.21 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.26. The company issued revenue guidance of $46-49 million, compared to the consensus revenue estimate of $49.57 million.Applied Optoelectronics also updated its Q3 guidance to (0.21-0.28) EPS.

Applied Optoelectronics stock traded down $0.33 during trading hours on Friday, hitting $10.57. The stock had a trading volume of 511,186 shares, compared to its average volume of 635,018. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.12 and a quick ratio of 1.82. The company has a market cap of $203.06 million, a PE ratio of 19.94 and a beta of 2.13. Applied Optoelectronics has a 12-month low of $8.56 and a 12-month high of $43.95. The stock has a 50-day simple moving average of $9.81.

Applied Optoelectronics (NASDAQ:AAOI) last issued its earnings results on Wednesday, August 7th. The semiconductor company reported ($0.41) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.47) by $0.06. The business had revenue of $43.40 million during the quarter, compared to analysts’ expectations of $42.49 million. Applied Optoelectronics had a negative net margin of 16.22% and a negative return on equity of 6.05%. The business’s revenue for the quarter was down 50.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.64 earnings per share. As a group, equities analysts forecast that Applied Optoelectronics will post -1.56 earnings per share for the current fiscal year.

Several research analysts have issued reports on AAOI shares. TheStreet cut shares of Applied Optoelectronics from a c- rating to a d+ rating in a report on Thursday, May 9th. ValuEngine upgraded shares of Applied Optoelectronics from a buy rating to a strong-buy rating in a research note on Thursday, August 1st. BidaskClub upgraded shares of Applied Optoelectronics from a strong sell rating to a sell rating in a research note on Saturday, April 13th. Zacks Investment Research upgraded shares of Applied Optoelectronics from a strong sell rating to a hold rating in a research note on Thursday. Finally, Northland Securities reiterated a sell rating and issued a $6.50 price target on shares of Applied Optoelectronics in a research note on Thursday. Four analysts have rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $18.54.

About Applied Optoelectronics

Applied Optoelectronics, Inc designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to Internet data center operators, cable television and telecommunications equipment manufacturers, and Internet service providers through its direct and indirect sales channels.

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Earnings History and Estimates for Applied Optoelectronics (NASDAQ:AAOI)

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