$68.97 Million in Sales Expected for NeoPhotonics Corp (NPTN) This Quarter
Equities research analysts expect that NeoPhotonics Corp (NYSE:NPTN) will announce sales of $68.97 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for NeoPhotonics’ earnings, with estimates ranging from $65.00 million to $70.46 million. NeoPhotonics reported sales of $71.69 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 3.8%. The firm is expected to report its next quarterly earnings results on Friday, May 4th.
On average, analysts expect that NeoPhotonics will report full year sales of $68.97 million for the current fiscal year, with estimates ranging from $294.00 million to $350.00 million. For the next fiscal year, analysts anticipate that the business will post sales of $347.90 million per share, with estimates ranging from $330.00 million to $365.80 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover NeoPhotonics.
NeoPhotonics (NYSE:NPTN) last posted its quarterly earnings data on Thursday, March 1st. The semiconductor company reported ($0.27) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.05). The firm had revenue of $76.90 million for the quarter, compared to the consensus estimate of $72.15 million. NeoPhotonics had a negative return on equity of 22.06% and a negative net margin of 18.21%. The firm’s quarterly revenue was down 30.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 earnings per share.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in NeoPhotonics by 26.9% during the second quarter. Dimensional Fund Advisors LP now owns 3,590,387 shares of the semiconductor company’s stock valued at $27,719,000 after purchasing an additional 760,110 shares during the last quarter. Quentec Asset Management LLC lifted its position in shares of NeoPhotonics by 24.3% in the third quarter. Quentec Asset Management LLC now owns 2,403,104 shares of the semiconductor company’s stock valued at $13,361,000 after buying an additional 469,087 shares during the last quarter. Royce & Associates LP lifted its position in shares of NeoPhotonics by 25.2% in the fourth quarter. Royce & Associates LP now owns 2,274,658 shares of the semiconductor company’s stock valued at $14,967,000 after buying an additional 457,930 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of NeoPhotonics by 7.6% in the second quarter. Vanguard Group Inc. now owns 1,629,639 shares of the semiconductor company’s stock valued at $12,580,000 after buying an additional 114,518 shares during the last quarter. Finally, Northpointe Capital LLC lifted its position in shares of NeoPhotonics by 21.6% in the fourth quarter. Northpointe Capital LLC now owns 1,238,969 shares of the semiconductor company’s stock valued at $8,152,000 after buying an additional 220,475 shares during the last quarter. 78.12% of the stock is owned by hedge funds and other institutional investors.
NeoPhotonics (NYSE NPTN) traded up $0.01 during trading hours on Wednesday, hitting $6.35. The company had a trading volume of 573,115 shares, compared to its average volume of 843,707. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 1.85. The company has a market capitalization of $279.05, a P/E ratio of -5.16 and a beta of 1.00. NeoPhotonics has a fifty-two week low of $4.56 and a fifty-two week high of $10.19.
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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