Zacks: Brokerages Anticipate NeoPhotonics Corp (NPTN) Will Post Earnings of -$0.04 Per Share

Wall Street brokerages predict that NeoPhotonics Corp (NYSE:NPTN) will post ($0.04) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for NeoPhotonics’ earnings. The highest EPS estimate is $0.02 and the lowest is ($0.19). NeoPhotonics posted earnings of ($0.14) per share in the same quarter last year, which would suggest a positive year over year growth rate of 71.4%. The firm is expected to issue its next earnings results on Monday, August 5th.

On average, analysts expect that NeoPhotonics will report full-year earnings of ($0.26) per share for the current year, with EPS estimates ranging from ($0.91) to $0.01. For the next fiscal year, analysts anticipate that the business will post earnings of $0.24 per share, with EPS estimates ranging from $0.00 to $0.43. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow NeoPhotonics.

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

A number of research firms recently commented on NPTN. TheStreet raised NeoPhotonics from a “d+” rating to a “c” rating in a report on Friday, March 1st. MKM Partners began coverage on NeoPhotonics in a report on Monday, April 29th. They set a “buy” rating and a $9.00 target price for the company. Northland Securities reaffirmed a “buy” rating and set a $11.00 target price on shares of NeoPhotonics in a report on Friday, May 3rd. Rosenblatt Securities reaffirmed a “buy” rating on shares of NeoPhotonics in a report on Wednesday, February 27th. Finally, ValuEngine raised NeoPhotonics from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 2nd. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $7.91.

In other NeoPhotonics news, CEO Timothy Storrs Jenks sold 16,999 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $6.62, for a total value of $112,533.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Chiyue Cheung sold 12,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 12,000 shares of the company’s stock, valued at $69,480. The disclosure for this sale can be found here. Insiders own 16.70% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in NeoPhotonics by 11.1% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,656 shares of the semiconductor company’s stock valued at $98,000 after acquiring an additional 1,560 shares during the period. Quantamental Technologies LLC lifted its holdings in NeoPhotonics by 49.5% in 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 during the period. The Manufacturers Life Insurance Company lifted its holdings in NeoPhotonics by 8.6% in the first quarter. The Manufacturers Life Insurance Company now owns 24,892 shares of the semiconductor company’s stock valued at $156,000 after acquiring an additional 1,974 shares during the period. Northern Trust Corp lifted its holdings in NeoPhotonics by 1.0% in the first quarter. Northern Trust Corp now owns 381,195 shares of the semiconductor company’s stock valued at $2,398,000 after acquiring an additional 3,742 shares during the period. Finally, Macquarie Group Ltd. acquired a new position in NeoPhotonics in the fourth quarter valued at approximately $34,000. 87.21% of the stock is owned by institutional investors.

NYSE NPTN remained flat at $$3.88 during trading on Friday. The company’s stock had a trading volume of 781,555 shares, compared to its average volume of 821,982. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.51 and a current ratio of 1.98. The firm has a market capitalization of $180.32 million, a P/E ratio of -5.24 and a beta of 1.26. NeoPhotonics has a fifty-two week low of $3.26 and a fifty-two week high of $9.48.

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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