Wall Street brokerages predict that Oclaro Inc (NASDAQ:OCLR) will announce $0.09 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Oclaro’s earnings, with the lowest EPS estimate coming in at $0.08 and the highest estimate coming in at $0.09. Oclaro posted earnings per share of $0.20 during the same quarter last year, which suggests a negative year-over-year growth rate of 55%. The company is scheduled to report its next quarterly earnings report on Wednesday, November 7th.

On average, analysts expect that Oclaro will report full year earnings of $0.41 per share for the current financial year, with EPS estimates ranging from $0.37 to $0.44. For the next year, analysts expect that the business will report earnings of $0.50 per share, with EPS estimates ranging from $0.47 to $0.52. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Oclaro.

Oclaro (NASDAQ:OCLR) last posted its earnings results on Monday, August 13th. The semiconductor company reported $0.08 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.08. Oclaro had a return on equity of 13.34% and a net margin of 11.50%. The business had revenue of $120.94 million for the quarter, compared to analysts’ expectations of $120.22 million.

A number of analysts have recently commented on the company. BidaskClub upgraded Oclaro from a “strong sell” rating to a “sell” rating in a research report on Tuesday. ValuEngine upgraded Oclaro from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. Oclaro currently has an average rating of “Hold” and an average price target of $9.44.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Natixis purchased a new position in shares of Oclaro during the first quarter worth about $100,000. Suntrust Banks Inc. purchased a new position in shares of Oclaro during the first quarter worth about $160,000. Cerebellum GP LLC grew its holdings in shares of Oclaro by 80.9% during the second quarter. Cerebellum GP LLC now owns 19,717 shares of the semiconductor company’s stock worth $176,000 after buying an additional 8,816 shares during the last quarter. New Jersey Better Educational Savings Trust purchased a new position in shares of Oclaro during the second quarter worth about $179,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Oclaro during the second quarter worth about $266,000. 69.22% of the stock is currently owned by hedge funds and other institutional investors.

Shares of OCLR traded down $0.10 during midday trading on Friday, reaching $8.57. 988,751 shares of the stock were exchanged, compared to its average volume of 3,480,219. Oclaro has a twelve month low of $5.61 and a twelve month high of $10.20. The stock has a market capitalization of $1.51 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 1.32 and a beta of 0.56.

Oclaro Company Profile

Oclaro, Inc designs, manufactures, and markets optical components, modules, and subsystems for the long-haul, metro, and data center markets worldwide. The company's products generate, detect, combine, and separate light signals in optical communications networks. It offers client side transceivers, including pluggable transceivers; line side transceivers; tunable laser transmitters, such as discrete lasers and co-packaged laser modulators; lithium niobate modulators to manipulate the phase or the amplitude of an optical signal; transponder modules for transmitter and receiver functions; and discrete lasers and receivers for metro and long-haul applications.

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Earnings History and Estimates for Oclaro (NASDAQ:OCLR)

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