NeoPhotonics Co. (NYSE:NPTN) Expected to Post Quarterly Sales of $79.56 Million

Analysts expect that NeoPhotonics Co. (NYSE:NPTN) will report sales of $79.56 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for NeoPhotonics’ earnings. The highest sales estimate is $80.68 million and the lowest is $77.70 million. NeoPhotonics reported sales of $102.40 million during the same quarter last year, which indicates a negative year-over-year growth rate of 22.3%. The firm is scheduled to announce its next earnings report on Monday, November 1st.

On average, analysts expect that NeoPhotonics will report full year sales of $297.94 million for the current fiscal year, with estimates ranging from $287.60 million to $307.90 million. For the next fiscal year, analysts anticipate that the business will post sales of $370.88 million, with estimates ranging from $341.31 million to $400.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover NeoPhotonics.

NeoPhotonics (NYSE:NPTN) last issued its earnings results on Tuesday, August 3rd. The semiconductor company reported ($0.22) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.29) by $0.07. NeoPhotonics had a negative net margin of 15.01% and a negative return on equity of 18.29%. The firm had revenue of $65.01 million during the quarter, compared to analysts’ expectations of $62.53 million.

NPTN has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price objective on shares of NeoPhotonics in a research note on Monday, September 13th. MKM Partners increased their target price on shares of NeoPhotonics from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, August 4th. Rosenblatt Securities reiterated a “buy” rating and issued a $16.00 target price on shares of NeoPhotonics in a research report on Friday, September 10th. Zacks Investment Research upgraded shares of NeoPhotonics from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research report on Wednesday, October 6th. Finally, Raymond James upgraded shares of NeoPhotonics from an “underperform” rating to a “market perform” rating in a research report on Thursday, September 9th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, NeoPhotonics presently has an average rating of “Buy” and an average price target of $14.19.

In other news, VP Yuen Wupen sold 27,072 shares of the firm’s stock in a transaction on Friday, August 20th. The shares were sold at an average price of $8.20, for a total transaction of $221,990.40. Following the transaction, the vice president now owns 240,100 shares in the company, valued at approximately $1,968,820. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Chiyue Cheung sold 12,667 shares of the firm’s stock in a transaction on Monday, August 2nd. The shares were sold at an average price of $9.41, for a total transaction of $119,196.47. Following the transaction, the chief operating officer now owns 2,667 shares in the company, valued at approximately $25,096.47. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of NPTN. Quantbot Technologies LP acquired a new position in NeoPhotonics in the 1st quarter valued at $25,000. Royal Bank of Canada grew its stake in NeoPhotonics by 371.8% in the 2nd quarter. Royal Bank of Canada now owns 5,803 shares of the semiconductor company’s stock valued at $59,000 after buying an additional 4,573 shares during the last quarter. Marshall Wace LLP grew its stake in NeoPhotonics by 4,963.0% in the 1st quarter. Marshall Wace LLP now owns 15,037 shares of the semiconductor company’s stock valued at $95,000 after buying an additional 14,740 shares during the last quarter. Truvestments Capital LLC grew its stake in NeoPhotonics by 94.1% in the 1st quarter. Truvestments Capital LLC now owns 8,404 shares of the semiconductor company’s stock valued at $100,000 after buying an additional 4,075 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in NeoPhotonics by 2,351.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 10,150 shares of the semiconductor company’s stock valued at $121,000 after buying an additional 9,736 shares during the last quarter. Institutional investors and hedge funds own 84.23% of the company’s stock.

NeoPhotonics stock traded up $0.38 during midday trading on Wednesday, reaching $9.22. The stock had a trading volume of 315,218 shares, compared to its average volume of 671,634. The firm’s fifty day simple moving average is $8.98 and its two-hundred day simple moving average is $9.83. NeoPhotonics has a twelve month low of $6.15 and a twelve month high of $14.14. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.68 and a quick ratio of 2.09. The firm has a market cap of $481.15 million, a price-to-earnings ratio of -10.48 and a beta of 0.94.

About NeoPhotonics

NeoPhotonics Corp. engages in the design, manufacture, and sale of hybrid photonic integrated optoelectronic modules and subsystems for bandwidth-intensive communications networks. Its product portfolio includes pluggable coherent modules, coherent-components, 100G/400G client transceivers, optical switching, high speed ICs, 100G / 400G laser devices and light engines, passive components, network monitoring and control, and 10G and low rate components.

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Earnings History and Estimates for NeoPhotonics (NYSE:NPTN)

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