Brokerages expect NeoPhotonics Corp (NYSE:NPTN) to announce ($0.18) earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for NeoPhotonics’ earnings. The highest EPS estimate is ($0.15) and the lowest is ($0.20). NeoPhotonics posted earnings per share of $0.13 in the same quarter last year, which would suggest a negative year-over-year growth rate of 238.5%. The company is expected to announce its next earnings results on Tuesday, March 13th.

According to Zacks, analysts expect that NeoPhotonics will report full-year earnings of ($0.84) per share for the current year, with EPS estimates ranging from ($0.87) to ($0.82). For the next year, analysts expect that the company will post earnings of ($0.28) per share, with EPS estimates ranging from ($0.46) to $0.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover NeoPhotonics.

NeoPhotonics (NYSE:NPTN) last released its earnings results on Monday, November 6th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.34) by $0.09. The firm had revenue of $71.12 million during the quarter, compared to analysts’ expectations of $69.94 million. NeoPhotonics had a negative return on equity of 13.61% and a negative net margin of 11.37%. The company’s revenue was down 31.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS.

A number of research firms have issued reports on NPTN. Zacks Investment Research upgraded NeoPhotonics from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. B. Riley restated a “hold” rating and issued a $5.00 price objective (down previously from $5.25) on shares of NeoPhotonics in a report on Tuesday, November 7th. DA Davidson raised their price objective on NeoPhotonics to $6.50 and gave the company a “neutral” rating in a report on Wednesday, December 6th. Piper Jaffray Companies cut NeoPhotonics from an “overweight” rating to a “neutral” rating in a report on Monday, January 29th. Finally, Rosenblatt Securities set a $13.00 price objective on NeoPhotonics and gave the company a “buy” rating in a report on Tuesday, December 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $8.67.

A number of institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC bought a new position in NeoPhotonics during the fourth quarter worth about $131,000. Royce & Associates LP grew its holdings in NeoPhotonics by 25.2% during the fourth quarter. Royce & Associates LP now owns 2,274,658 shares of the semiconductor company’s stock worth $14,967,000 after purchasing an additional 457,930 shares during the period. Wells Fargo & Company MN grew its holdings in NeoPhotonics by 48.7% during the fourth quarter. Wells Fargo & Company MN now owns 64,855 shares of the semiconductor company’s stock worth $427,000 after purchasing an additional 21,238 shares during the period. Victory Capital Management Inc. grew its holdings in NeoPhotonics by 20.6% during the fourth quarter. Victory Capital Management Inc. now owns 264,445 shares of the semiconductor company’s stock worth $1,740,000 after purchasing an additional 45,215 shares during the period. Finally, Pier 88 Investment Partners LLC grew its holdings in NeoPhotonics by 29.8% during the fourth quarter. Pier 88 Investment Partners LLC now owns 79,951 shares of the semiconductor company’s stock worth $526,000 after purchasing an additional 18,365 shares during the period. Institutional investors and hedge funds own 82.03% of the company’s stock.

NeoPhotonics (NYSE NPTN) traded up $0.19 during mid-day trading on Friday, reaching $5.82. The company’s stock had a trading volume of 933,416 shares, compared to its average volume of 791,733. The company has a market cap of $239.50, a PE ratio of -6.69 and a beta of 1.12. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 1.85. NeoPhotonics has a 52-week low of $4.56 and a 52-week high of $12.44.

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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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