Analysts predict that NeoPhotonics Corp (NYSE:NPTN) will report sales of $90.00 million for the current fiscal quarter, Zacks reports. Five analysts have made estimates for NeoPhotonics’ earnings, with the lowest sales estimate coming in at $89.30 million and the highest estimate coming in at $90.70 million. NeoPhotonics reported sales of $76.87 million in the same quarter last year, which indicates a positive year over year growth rate of 17.1%. The company is expected to announce its next quarterly earnings report on Thursday, March 7th.
On average, analysts expect that NeoPhotonics will report full-year sales of $321.41 million for the current year, with estimates ranging from $320.74 million to $322.10 million. For the next financial year, analysts expect that the firm will report sales of $356.53 million, with estimates ranging from $351.10 million to $362.00 million. Zacks’ sales calculations are an average based on a survey of analysts that cover NeoPhotonics.
NeoPhotonics (NYSE:NPTN) last announced its quarterly earnings results on Friday, November 2nd. The semiconductor company reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.14. The company had revenue of $81.75 million during the quarter, compared to analysts’ expectations of $82.60 million. NeoPhotonics had a negative return on equity of 26.53% and a negative net margin of 16.60%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.14) earnings per share.
Several brokerages have recently weighed in on NPTN. Zacks Investment Research cut NeoPhotonics from a “buy” rating to a “hold” rating in a research report on Friday, November 9th. Craig Hallum set a $10.00 price objective on NeoPhotonics and gave the company a “buy” rating in a research note on Monday, November 5th. B. Riley lifted their price objective on NeoPhotonics from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Monday, November 5th. Piper Jaffray Companies lifted their price objective on NeoPhotonics from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Monday, November 5th. Finally, ValuEngine raised NeoPhotonics from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 2nd. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $9.53.
A number of hedge funds have recently modified their holdings of NPTN. Fox Run Management L.L.C. bought a new stake in shares of NeoPhotonics in the 3rd quarter valued at about $100,000. Trexquant Investment LP bought a new stake in shares of NeoPhotonics in the 3rd quarter valued at about $215,000. MetLife Investment Advisors LLC bought a new stake in shares of NeoPhotonics in the 3rd quarter valued at about $217,000. Ibex Investors LLC bought a new stake in shares of NeoPhotonics in the 3rd quarter valued at about $220,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of NeoPhotonics in the 2nd quarter valued at about $244,000. 75.96% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE NPTN traded down $0.12 during mid-day trading on Friday, hitting $7.06. The company had a trading volume of 20,626 shares, compared to its average volume of 451,462. The stock has a market cap of $326.95 million, a PE ratio of -6.37 and a beta of 1.25. NeoPhotonics has a 1 year low of $4.95 and a 1 year high of $9.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.51 and a current ratio of 2.04.
NeoPhotonics Company Profile
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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