$0.02 Earnings Per Share Expected for NeoPhotonics Corp (NYSE:NPTN) This Quarter

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Wall Street analysts expect that NeoPhotonics Corp (NYSE:NPTN) will report earnings of $0.02 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for NeoPhotonics’ earnings, with the highest EPS estimate coming in at $0.03 and the lowest estimate coming in at $0.02. NeoPhotonics posted earnings of ($0.05) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 140%. The firm is expected to announce its next earnings report on Friday, November 1st.

On average, analysts expect that NeoPhotonics will report full-year earnings of ($0.15) per share for the current year, with EPS estimates ranging from ($0.20) to ($0.11). For the next financial year, analysts forecast that the firm will post earnings of $0.18 per share, with EPS estimates ranging from $0.07 to $0.33. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover NeoPhotonics.

NeoPhotonics (NYSE:NPTN) last posted its earnings results on Monday, August 5th. The semiconductor company reported ($0.08) EPS for the quarter, topping the 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 firm had revenue of $81.69 million for the quarter, compared to analyst estimates of $76.91 million. During the same period last year, the company earned ($0.19) earnings per share. NeoPhotonics’s revenue for the quarter was up .7% compared to the same quarter last year.

A number of brokerages have issued reports on NPTN. Zacks Investment Research raised shares of NeoPhotonics from a “hold” rating to a “strong-buy” rating and set a $7.25 target price on the stock in a report on Saturday, August 10th. ValuEngine cut shares of NeoPhotonics from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. MKM Partners raised shares of NeoPhotonics from a “neutral” rating to a “buy” rating and raised their target price for the stock from $5.00 to $7.00 in a report on Tuesday, August 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $10.00 price target on shares of NeoPhotonics in a report on Tuesday, July 16th. Finally, B. Riley cut NeoPhotonics from a “buy” rating to a “neutral” rating and set a $6.50 price target on the stock. in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. NeoPhotonics currently has a consensus rating of “Buy” and a consensus target price of $7.96.

Shares of NeoPhotonics stock opened at $6.31 on Tuesday. NeoPhotonics has a fifty-two week low of $3.26 and a fifty-two week high of $9.48. The firm has a market cap of $322.37 million, a PE ratio of -8.53 and a beta of 1.57. The business’s fifty day moving average is $6.03 and its two-hundred day moving average is $5.54. The company has a quick ratio of 1.61, a current ratio of 2.10 and a debt-to-equity ratio of 0.42.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its stake in NeoPhotonics by 413.7% in the first quarter. BNP Paribas Arbitrage SA now owns 7,485 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 6,028 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of NeoPhotonics by 64.6% during the fourth quarter. Bank of America Corp DE now owns 28,324 shares of the semiconductor company’s stock valued at $183,000 after purchasing an additional 11,118 shares during the period. Algert Global LLC purchased a new stake in shares of NeoPhotonics during the second quarter valued at approximately $47,000. Penserra Capital Management LLC purchased a new stake in shares of NeoPhotonics during the first quarter valued at approximately $86,000. Finally, Marshall Wace LLP boosted its stake in shares of NeoPhotonics by 4,963.0% during the first quarter. Marshall Wace LLP now owns 15,037 shares of the semiconductor company’s stock valued at $95,000 after purchasing an additional 14,740 shares during the period. 73.10% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for NeoPhotonics (NYSE:NPTN)

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