Equities research analysts expect NeoPhotonics Corp (NYSE:NPTN) to post $0.12 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for NeoPhotonics’ earnings, with estimates ranging from $0.10 to $0.13. NeoPhotonics posted earnings per share of ($0.03) in the same quarter last year, which would indicate a positive year over year growth rate of 500%. The business is scheduled to issue its next quarterly earnings report on Monday, August 3rd.

On average, analysts expect that NeoPhotonics will report full year earnings of $0.55 per share for the current year, with EPS estimates ranging from $0.46 to $0.65. For the next financial year, analysts forecast that the company will post earnings of $0.64 per share, with EPS estimates ranging from $0.52 to $0.80. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for NeoPhotonics.

NeoPhotonics (NYSE:NPTN) last released its earnings results on Thursday, April 30th. The semiconductor company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.12. NeoPhotonics had a return on equity of 4.86% and a net margin of 0.89%. The firm had revenue of $97.40 million during the quarter, compared to analysts’ expectations of $86.48 million. During the same period in the previous year, the firm posted ($0.19) EPS. NeoPhotonics’s revenue for the quarter was up 22.7% on a year-over-year basis.

Several research analysts recently commented on NPTN shares. JPMorgan Chase & Co. began coverage on NeoPhotonics in a research note on Tuesday, April 14th. They set an “overweight” rating and a $11.00 target price for the company. Piper Sandler lifted their price target on NeoPhotonics from $9.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. B. Riley lifted their price target on NeoPhotonics from $10.50 to $11.50 and gave the stock a “buy” rating in a report on Friday, May 1st. MKM Partners lifted their price target on NeoPhotonics from $9.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Rosenblatt Securities downgraded NeoPhotonics from a “buy” rating to a “neutral” rating and set a $9.00 price target for the company. in a report on Friday, April 24th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $10.83.

In related news, COO Chiyue Cheung sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $9.80, for a total value of $49,000.00. Following the transaction, the chief operating officer now owns 5,000 shares in the company, valued at approximately $49,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy Storrs Jenks sold 16,875 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $9.25, for a total value of $156,093.75. The disclosure for this sale can be found here. Insiders sold a total of 90,488 shares of company stock valued at $873,866 over the last three months. Company insiders own 16.00% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Bank of Montreal Can increased its position in NeoPhotonics by 48.5% in the 4th quarter. Bank of Montreal Can now owns 5,030 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 1,642 shares during the period. US Bancorp DE acquired a new position in NeoPhotonics during the 4th quarter worth approximately $67,000. Citigroup Inc. increased its position in NeoPhotonics by 93.7% during the 4th quarter. Citigroup Inc. now owns 8,037 shares of the semiconductor company’s stock worth $71,000 after purchasing an additional 3,887 shares during the period. Mackenzie Financial Corp acquired a new position in NeoPhotonics during the 1st quarter worth approximately $79,000. Finally, Marshall Wace LLP acquired a new position in NeoPhotonics during the 4th quarter worth approximately $80,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

NPTN traded up $0.24 on Wednesday, hitting $8.67. 1,366,900 shares of the company were exchanged, compared to its average volume of 995,273. NeoPhotonics has a twelve month low of $3.86 and a twelve month high of $9.99. The company has a market cap of $420.80 million, a price-to-earnings ratio of 176.44, a price-to-earnings-growth ratio of 1.82 and a beta of 1.53. The company has a current ratio of 2.21, a quick ratio of 1.79 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $8.49 and a two-hundred day moving average price of $7.94.

About NeoPhotonics

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.

Read More: What strategies should day traders use to execute a trade?

Get a free copy of the Zacks research report on NeoPhotonics (NPTN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for NeoPhotonics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NeoPhotonics and related companies with MarketBeat.com's FREE daily email newsletter.