Analysts expect that NeoPhotonics Corp (NYSE:NPTN) will post $86.00 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for NeoPhotonics’ earnings, with the lowest sales estimate coming in at $77.50 million and the highest estimate coming in at $90.50 million. NeoPhotonics reported sales of $81.10 million during the same quarter last year, which suggests a positive year-over-year growth rate of 6%. The company is scheduled to report its next quarterly earnings results on Monday, August 5th.

According to Zacks, analysts expect that NeoPhotonics will report full-year sales of $315.59 million for the current year, with estimates ranging from $257.76 million to $360.80 million. For the next year, analysts expect that the company will report sales of $366.50 million, with estimates ranging from $300.00 million to $425.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for NeoPhotonics.

NeoPhotonics (NYSE:NPTN) last announced its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.08). NeoPhotonics had a negative net margin of 11.85% and a negative return on equity of 17.55%. The company had revenue of $79.40 million for the quarter, compared to analysts’ expectations of $79.99 million. During the same quarter in the prior year, the firm earned ($0.33) EPS. NeoPhotonics’s quarterly revenue was up 15.7% compared to the same quarter last year.

Several brokerages have recently issued reports on NPTN. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. ValuEngine downgraded shares of Whiting USA Trust II from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. Rosenblatt Securities reiterated a “neutral” rating on shares of Acacia Communications in a research note on Tuesday. B. Riley reiterated a “buy” rating on shares of Goodrich Petroleum in a research note on Monday, May 20th. Finally, MKM Partners reiterated a “neutral” rating and issued a $4.50 target price (down previously from $9.00) on shares of NeoPhotonics in a research note on Friday, May 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $7.53.

Shares of NYSE NPTN traded up $0.04 during midday trading on Friday, hitting $4.76. 753,084 shares of the company traded hands, compared to its average volume of 1,287,959. NeoPhotonics has a 12-month low of $3.26 and a 12-month high of $9.48. The company has a current ratio of 1.98, a quick ratio of 1.51 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average of $4.31. The company has a market capitalization of $219.36 million, a price-to-earnings ratio of -6.43 and a beta of 1.68.

In other news, COO Chiyue Cheung sold 12,000 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $5.79, for a total value of $69,480.00. Following the completion of the sale, the chief operating officer now directly owns 12,000 shares of the company’s stock, valued at $69,480. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Elizabeth Lynne Eby acquired 50,000 shares of NeoPhotonics stock in a transaction dated Wednesday, May 29th. The stock was purchased at an average cost of $3.57 per share, with a total value of $178,500.00. The disclosure for this purchase can be found here. Corporate insiders own 16.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. purchased a new position in NeoPhotonics during the fourth quarter valued at $34,000. Quantamental Technologies LLC grew its stake in NeoPhotonics by 49.5% during the first quarter. Quantamental Technologies LLC now owns 5,440 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 1,800 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in NeoPhotonics by 413.7% during the first quarter. BNP Paribas Arbitrage SA now owns 7,485 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 6,028 shares in the last quarter. Two Sigma Advisers LP purchased a new position in NeoPhotonics during the fourth quarter valued at $73,000. Finally, Metropolitan Life Insurance Co. NY grew its stake in NeoPhotonics by 356.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 12,319 shares of the semiconductor company’s stock valued at $80,000 after acquiring an additional 9,621 shares in the last quarter. 78.35% of the stock is owned by hedge funds and other 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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