Analysts Expect O2Micro International Limited (OIIM) Will Announce Quarterly Sales of $15.85 Million
Wall Street analysts expect that O2Micro International Limited (NASDAQ:OIIM) will post $15.85 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for O2Micro International Limited’s earnings, with estimates ranging from $15.20 million to $16.50 million. O2Micro International Limited reported sales of $14.45 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.7%. The business is scheduled to issue its next earnings results before the market opens on Wednesday, November 1st.
On average, analysts expect that O2Micro International Limited will report full-year sales of $15.85 million for the current year, with estimates ranging from $60.40 million to $64.50 million. For the next financial year, analysts expect that the business will post sales of $68.77 million per share, with estimates ranging from $64.50 million to $74.10 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for O2Micro International Limited.
O2Micro International Limited (NASDAQ:OIIM) last released its quarterly earnings results on Thursday, August 3rd. The electronics maker reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $14.51 million for the quarter, compared to the consensus estimate of $15.07 million. O2Micro International Limited had a negative net margin of 2.59% and a positive return on equity of 0.01%. O2Micro International Limited’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.06) EPS.
Separately, ValuEngine downgraded shares of O2Micro International Limited from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd.
O2Micro International Limited (NASDAQ OIIM) opened at 1.87 on Friday. The company’s market cap is $48.32 million. O2Micro International Limited has a 12-month low of $1.45 and a 12-month high of $2.80. The stock’s 50 day moving average is $1.66 and its 200-day moving average is $1.92.
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Several large investors have recently added to or reduced their stakes in the business. White Pine Capital LLC increased its holdings in shares of O2Micro International Limited by 30.4% in the second quarter. White Pine Capital LLC now owns 465,864 shares of the electronics maker’s stock valued at $913,000 after purchasing an additional 108,725 shares during the last quarter. Essex Investment Management Co. LLC increased its holdings in shares of O2Micro International Limited by 28.9% in the second quarter. Essex Investment Management Co. LLC now owns 308,370 shares of the electronics maker’s stock valued at $604,000 after purchasing an additional 69,140 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of O2Micro International Limited by 1.4% in the first quarter. Renaissance Technologies LLC now owns 2,061,000 shares of the electronics maker’s stock valued at $4,720,000 after purchasing an additional 27,700 shares during the last quarter. Hedge funds and other institutional investors own 39.12% of the company’s stock.
About O2Micro International Limited
O2Micro International Limited designs, develops and markets power management components for the Computer, Consumer, Industrial, Automotive and Communications markets. The Company’s power management products include integrated circuits (ICs) for liquid crystal display (LCD) and light emitting diode (LED) lighting; control and monitoring of battery charging and discharging; direct current (DC)/DC and alternating current (AC)/DC conversion, and provide select and switch functionality between power sources.
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