Wall Street brokerages expect O2Micro International Limited (NASDAQ:OIIM) to post $15.07 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for O2Micro International Limited’s earnings, with estimates ranging from $15.00 million to $15.20 million. O2Micro International Limited posted sales of $13.22 million in the same quarter last year, which would indicate a positive year over year growth rate of 14%. The company is expected to report its next earnings report on Wednesday, August 2nd.
According to Zacks, analysts expect that O2Micro International Limited will report full year sales of $15.07 million for the current year, with estimates ranging from $61.90 million to $64.50 million. For the next financial year, analysts expect that the firm will report sales of $68.83 million per share, with estimates ranging from $64.70 million to $74.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover O2Micro International Limited.
O2Micro International Limited (NASDAQ:OIIM) last announced its earnings results on Wednesday, May 10th. The electronics maker reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. O2Micro International Limited had a negative return on equity of 0.66% and a negative net margin of 3.55%. The firm had revenue of $15 million for the quarter, compared to the consensus estimate of $14.70 million. During the same quarter in the previous year, the business earned ($0.08) EPS. The company’s revenue was up 15.4% compared to the same quarter last year.
Several institutional investors have recently made changes to their positions in OIIM. Russell Investments Group Ltd. acquired a new position in shares of O2Micro International Limited during the fourth quarter worth $321,000. Essex Investment Management Co. LLC increased its stake in shares of O2Micro International Limited by 253.7% in the first quarter. Essex Investment Management Co. LLC now owns 239,230 shares of the electronics maker’s stock valued at $548,000 after buying an additional 171,598 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of O2Micro International Limited by 1.4% in the fourth quarter. Renaissance Technologies LLC now owns 2,033,300 shares of the electronics maker’s stock valued at $3,660,000 after buying an additional 28,400 shares during the period. 39.20% of the stock is owned by institutional investors and hedge funds.
Shares of O2Micro International Limited (NASDAQ OIIM) traded up 1.67% during trading on Friday, hitting $1.83. The stock had a trading volume of 42,564 shares. O2Micro International Limited has a 52-week low of $1.48 and a 52-week high of $2.80. The firm’s market cap is $47.40 million. The stock has a 50 day moving average of $1.98 and a 200 day moving average of $2.24.
About O2Micro International Limited
O2Micro International Limited designs, develops and markets power management components for the Computer, Consumer, Industrial, Automotive and Communications markets. The Company’s power management products include integrated circuits (ICs) for liquid crystal display (LCD) and light emitting diode (LED) lighting; control and monitoring of battery charging and discharging; direct current (DC)/DC and alternating current (AC)/DC conversion, and provide select and switch functionality between power sources.
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